Bitwise lancia un nuovo fondo crypto e azioni

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Bitwise presenta alla SEC un nuovo fondo che unisce azioni e crypto legate a stablecoin e tokenizzazione

Bitwise Asset Management has filed paperwork with the Securities and Exchange Commission (SEC) for a new fund that blends traditional stocks with crypto assets focused on stablecoins and tokenization.

According to reports, if approved, the proposal would be one of the first U.S. products to directly track both sectors under a single financial instrument.

Due Comparti, Peso Uguale

Il report descrive un prodotto suddiviso in due parti uguali.

  • Una metà detenuta in azioni di società quotate coinvolte in stablecoin o tokenizzazione (emittenti, società di pagamenti o exchange).
  • L’altra metà con esposizione ad asset digitali tramite prodotti regolamentati scambiati in borsa, coprendo Bitcoin, Ethereum, oracoli e infrastrutture blockchain.

Sono previsti dei limiti nella struttura:

  • Nessuna singola posizione crypto potrà pesare oltre il 22,5% del comparto dedicato agli asset digitali.
  • Sul lato azionario, le aziende verranno classificate in base al grado di coinvolgimento in stablecoin o tokenizzazione, con un tetto massimo per ogni livello per evitare eccessiva concentrazione.

Cambiamento normativo apre la strada

This development comes after the GENIUS Act was approved in July 2025. This law clarified the regulations surrounding stablecoins, and is considered the key factor that enabled funds like Bitwise to emerge. Bitwise could launch as early as November 2025, pending final approval.

Bitwise has submitted plans for a new ETF that focuses on stablecoins and tokenization. The fund will invest in both traditional stocks and cryptocurrencies expected to gain from these growing trends. As a registered investment company under the ’40 Act, it’s likely to launch around Thanksgiving.

— Eric Balchunas (@EricBalchunas) September 16, 2025

Gli analisti sottolineano che il tempismo non è casuale:

  • la circolazione delle stablecoin ha raggiunto quest’anno centinaia di miliardi di dollari,
  • mentre i real world assets (RWA) tokenizzati stanno salendo a decine di miliardi.

Bitwise appears to be focusing on the increasing demand from investors for a regulated entry point into both of these asset classes.

Bilanciare rischio e domanda

The ETF would be registered under the Investment Company Act of 1940, the same law that governs most mutual funds. The fund’s holdings would be rebalanced four times a year, allowing it to adjust to price changes or new market participants.

Bitwise’s move isn’t just another ETF application; it suggests a growing trend of bringing stablecoins and tokenized assets directly to Wall Street, alongside traditional stocks and regulated cryptocurrency exposure.

Even without regulatory approval, this filing clearly shows how quickly digital assets are becoming a standard part of mainstream financial products.

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2025-09-18 18:23