Bitwise Unveils New ETF for Companies Holding Over 1,000 Bitcoin
A new ETF from Bitwise targets public companies with substantial Bitcoin holdings, ensuring a minimum stake of 1,000 BTC.
Bitwise Invest has launched the Bitwise Bitcoin Standard Corporations ETF (OWNB), an exchange-traded fund designed to track publicly traded companies that hold at least 1,000 bitcoin (BTC).
The ETF follows specific rules, allowing companies to hold a minimum of 1,000 BTC, with weightings based on the quantity of bitcoin owned. The largest holding is capped at 20%, while companies with less than 33% of their assets in bitcoin are weighted at 1.5%. The index is rebalanced quarterly.
According to Bitwise, publicly traded companies collectively held 591,817 BTC by the end of 2024. This ETF, which is set to trade on NYSE Arca, will carry an expense ratio of 0.85%.
Bitwise has pinpointed 70 public companies holding bitcoin on their balance sheets. The fund’s top three holdings include Strategy (20.87%), MARA Holdings (12.12%), and CleanSpark (6.26%).
