Analysts expect potential approval for Bitise’s ETF by November as the SEC faces a packed slate of crypto ETF decisions. Meanwhile, REX-Osprey is preparing to debut two altcoin funds this week: the XRP ETF (XRPR), the first US spot product for the token, and the Dogecoin ETF (DOJE), which will be the country’s first meme coin ETF. Both products are launching under the Investment Company Act of 1940, which provides an automatic approval pathway after the 75-day review period.
Bitwise Plans Stablecoin Tokenization ETF
Bitwise filed with the US Securities and Exchange Commission (SEC) to launch the “Stablecoin & Tokenization ETF.” The proposed ETF is designed to track an index split evenly between equities and crypto assets, targeting the fast-growing stablecoin and tokenization sectors.
According to the filing, the equity sleeve will include companies directly tied to stablecoins and tokenization, like issuers, payment processors, infrastructure providers, exchanges, and even retailers. Meanwhile, the crypto asset sleeve will offer exposure to blockchain infrastructure supporting these technologies, including oracles and regulated exchange-traded products (ETPs) tied to Bitcoin and Ethereum. The index will undergo quarterly rebalancing, with the largest crypto ETP capped at 22.5% of the sleeve.
Bitwise filing with the SEC
This new filing reflects the fact that there is growing competition in the market for mixed crypto-equity ETFs, as products like Nicholas Wealth’s Crypto Income ETF (BLOX) also combine stocks and crypto-linked exposure. Bitwise was founded in 2017, and already manages over 20 US-listed crypto ETFs. This makes it one of the most active players in the space.
Analysts suggest Bitwise’s product could be approved by November if regulators give the green light. Bloomberg’s Eric Balchunas pointed out that the SEC is currently delaying most crypto ETF applications until October and November, setting up a busy period for potential launches.
The timing of Bitwise’s filing also proves the rising importance of stablecoins and tokenization as investment themes. Since the US passed the GENIUS Act in July, the market expanded by growing from $205 billion in January to nearly $290 billion this week, according to DefiLlama.
Stablecoin market overview (Source: DeFiLlama)
Tokenized real-world assets (RWAs), like blockchain-based bonds and credit instruments, have also seen a lot of adoption, with their market reaching $76 billion in 2025. Analysts attribute this surge to the pro-crypto policy shift under President Donald Trump’s administration, and SEC Chair Paul Atkins explicitly endorsing tokenization as an innovation worth supporting.
This political backing unleashed a wave of ETF proposals across the sector, ranging from straightforward Bitcoin and Ethereum funds to more specialized strategies like Bitwise’s latest submission. If approved, the Stablecoin & Tokenization ETF will give investors a unique vehicle to gain diversified exposure to two of the fastest-growing areas in the industry.
XRP and Dogecoin ETFs Coming This Week
Meanwhile, two new altcoin ETFs are set to debut in the United States this week, and will offer investors fresh exposure to XRP and Dogecoin as regulators seem more open to crypto-linked investment products. The REX-Osprey XRP ETF, which will trade under the ticker XRPR, is expected to be the first US ETF to provide spot exposure to XRP, the third-largest cryptocurrency by market capitalization.
According to the fund issuer, trading could begin as early as Friday after the expiration of the SEC’s 75-day review window. Unless unexpected objections arise, the ETF will be automatically approved under the Investment Company Act of 1940, a framework that provides a faster approval route than the Securities Act of 1933, which governs spot Bitcoin ETFs.
The 1940 Act approach allows these products to move forward without direct SEC intervention after the review period, setting the stage for XRPR to test investor demand for altcoin exposure in an ETF structure. Nate Geraci, president of ETF store Nova Dius, believes that this launch will serve as a litmus test for appetite around XRP spot products, particularly as futures-based XRP ETFs are already approaching $1 billion in assets under management.
Dogecoin will follow closely behind, with Bloomberg’s ETF analyst Eric Balchunas confirming that the REX-Osprey Dogecoin ETF, trading under the ticker DOJE, is slated for a Thursday launch. This fund was also cleared under the 1940 Act framework, and will be the first meme coin ETF in the United States. While the Dogecoin fund may attract some attention due to the token’s popularity, REX-Osprey’s previous Solana staking ETF (SSK), which launched in July, struggled to gain momentum. It is managing $274 million in assets with less than $25 million in recent inflows.
The firm also plans to expand its lineup, with a BNB staking ETF filing submitted in late August. Bloomberg data shows that more than 90 crypto exchange-traded products are currently awaiting SEC approval.
