Home News Bitwise launches Bitcoin Standard ETF of stocks owning over 1,000 BTC

Bitwise launches Bitcoin Standard ETF of stocks owning over 1,000 BTC

by Savion Marquardt

Bitwise launches Bitcoin Standard ETF of stocks owning over 1,000 BTC

Bitwise launches Bitcoin Traditional ETF of stocks owning over 1,000 BTC

Bitwise launches Bitcoin Traditional ETF of stocks owning over 1,000 BTC Bitwise launches Bitcoin Traditional ETF of stocks owning over 1,000 BTC

Bitwise launches Bitcoin Traditional ETF of stocks owning over 1,000 BTC

Bitwise OWNB ETF targets corporations the usage of Bitcoin as a reserve asset offering investors a various Bitcoin strategy.

Bitwise launches Bitcoin Traditional ETF of stocks owning over 1,000 BTC

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Bitwise Asset Administration has launched Bitwise Bitcoin Traditional Companies ETF (OWNB), a brand recent investment product designed to map publicity to corporations retaining critical Bitcoin reserves.

Per a March 11 commentary, the ETF follows the Bitwise Bitcoin Traditional Companies Index, which incorporates corporations that have integrated Bitcoin into their corporate treasuries.

Bitwise CIO Matt Hougan highlighted the rationale on the help of corporate Bitcoin holdings. He pointed out that corporations defend trillions in cash while the US executive runs an annual deficit exceeding $2 trillion.

As a consequence, many corporations explore Bitcoin as a strategic reserve asset—liquid, scarce, and neutral of executive financial policies.

Hougan said:

“Companies seek bitcoin as a strategic reserve asset that’s liquid and scarce—and never discipline to the whims or money printing of any executive. We mediate corporations are perfect getting started right here, and this ETF affords investors publicity to revolutionary corporations on the forefront of this pattern.”

On the different hand, Bitwise CEO Hunter Horsley pointed out that loads of corporations for the time being are following the blueprint problem by Approach and Michael Saylor, with over 70 corporations now retaining Bitcoin as half of their treasury strategy.

OWNB

Per the commentary, corporations must defend as a minimal 1,000 BTC to qualify for inclusion. The index weights holdings per Bitcoin ownership while guaranteeing diversification.

Bitwise explained that no single company can chronicle for more than 20% at rebalancing, and corporations where Bitcoin represents lower than 33% of total sources fetch an automatic 1.5% weighting.

At open, Approach held the best index share at 20.87%, reflecting its aggressive Bitcoin accumulation strategy.

MARA Holdings, a Bitcoin mining firm, accounted for 12.12%, while CleanSpark and Get up Platforms, every centered on energy-efficient Bitcoin mining, represented 6.26% and 6.23%, respectively.

Within the period in-between, Asia-basically based corporations must no longer excluded, with China’s gaming big Boyaa Interactive at 5.75% and Metaplanet, a Jap company with 5.25% publicity.

Additionally, Aker ASA, a Norwegian industrial investment firm, made up 4.63% of the index, while Bitcoin mining operations Bitfarms and BitFuFu had 4.30% and 4.03%, respectively. The financial services company Galaxy Digital rounded out the tip holdings with 3.99%.

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Posted In: Bitcoin, US, Adoption, Crypto, ETF

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