According to Odaily Planet Daily, asset management company Bitwise has submitted an application to the SEC for the Bitwise Stablecoin & Tokenization ETF, which aims to invest in assets that benefit from the development of stablecoins and tokenization. The ETF is reportedly expected to launch around Thanksgiving in late November. This move follows the AVAX ETF S-1 filing submitted yesterday and is part of a recent surge in crypto ETF proposals submitted by multiple institutions. SEC Chairman Paul Atkins has stated that he will focus on tokenized securities, and the Federal Reserve plans to hold a related meeting next month. (The Block)