Home > Quick > Body

Bitwise Launches ETF Tracking Over 1,000 BTC Listed Companies

clock
2025-03-11 14:04:45
Bitwise Invest has launched the Bitwise Bitcoin Standard Corporations ETF (OWNB), an ETF designed to track public companies that hold at least 1,000 bitcoins. The index follows specific rules: companies must hold at least 1,000 BTC, and the position is weighted according to the number of bitcoins held. The maximum position is capped at 20%, while companies with less than 33% of bitcoin assets are weighted at 1.5%. The index is rebalanced quarterly.
According to Bitwise, public companies held a total of 591,817 BTC as of the end of 2024. The ETF will be traded on the NYSE Arca platform with a fee ratio of 0.85%. Bitwise has identified 70 public companies that currently hold Bitcoin on its balance sheet. The top three holdings in the ETF include Strategy (20.87%), MARA Holdings (12.12%) and CleanSpark (6.26%).
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
New Tab Page - Desk3 | Plugin
Stay ahead of the game in the cryptocurrency space.