Bitwise launched an exchange exchanged funding (ETF) holding stocks of companies with large bitcoin (Btc) Treasury, the asset manager said on March 11.
The Bitwise Bitcoin Standard Corporations ETF (OWNB) “aims to monitor the Bitwise Bitcoin Standard Corporations Index, a new equity index of companies with at least 1,000 Bitcoin in their corporations wealth,” Bitwise Says.
The ETF is the latest in a fuzzy new investment products aimed at offering exposure to companies with great bitcoin wealth.
“Many people wonder: why do companies buy and hold Bitcoin? The answer is simple: for exactly the same reasons people do,” said Matt Hougan, Bitwise’s chief investment official, in a statement.
“These companies see Bitcoin as a strategic reserve that is liquid and scarce – and are not subject to whims or printing of any government’s money.”
Public companies are among the largest Bitcoin institutional holders. Source: Bitcointreasuries.net
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Bitcoin consumers index
On March 11, ETF’s largest handling includes Strategy (MSTR), Michael Saylor’s De facto Bitcoin Fund, and Bitcoin Miners such as Mara Holdings (Mara), Cleanspark (CLSK), and Riot Platform (Riot).
It also includes stocks such as gaming company Boyaa Interactive and Investment Manager Galaxy Digital (GLXY).
The Bitwise index was weighed based on the volume held by Bitcoin, with the largest handling of 20%, the asset manager said.
The largest handb handling. Source: Bitwise
Bitcoin’s riches removed
In 2024, the increase in bitcoin prices sent a strategy sharing as rising by more than 350%, according to Data From FinanceCharts. The move has pushed the twelve other companies to begin accumulating bitcoin’s wealth. According to In Bitcointreasuries.net, the handling of corporate bitcoin exceeds $ 54 billion until March 11.
The approach remains the largest holder of corporate bitcoin, with a treasury worth more than $ 41 billion, displaying data.
Even the US government has Create a strategic bitcoin reserveInitially it was made up of Bitcoin who was seized by law enforcement.
Other owners of owners are launching similar investment products to Bitwise’s. In December, the Asset Manager, founded by former US president Vivek Ramaswamy, was struck, established by former US president, asked the United States regulators for permission To list an ETF investment in convertible bonds issued by approach and other Corporate Bitcoin consumers.
The ETF aims to offer exposure to “Bitcoin,” described as “convertible security” issued by companies that are planning to “invest all or an integral part of the proceeds to buy Bitcoin,” according to the filing.
Asset Manager Rex Shares also prepares to launch a Bitcoin Corporate Treasury ETF, IT Says on March 10.
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