Bitwise Bets on Corporate Bitcoin: New ETF Provides Indirect Access to Cryptocurrency’s Institutional Adoption

• Bitwise launches an ETF called Bitcoin Standard Corporations
• It tracks publicly traded companies that hold 1,000 or more Bitcoin as part of their financial holdings
• For the sake of diversification, the largest individual holding is restricted to 20% at every rebalancing

Seems Bitcoin is becoming a corporate standard. And the latest instance of this emerging trend comes from Bitwise, a leading crypto asset manager, that just introduced the Bitwise Bitcoin Standard Corporations ETF (OWNB) focused on companies holding Bitcoin as treasury reserves. 

This exchange-traded fund (ETF) tracks publicly traded companies that hold at least 1,000 Bitcoin as part of their financial holdings. Bitwise has now identified over 70 such organizations.

Holdings are weighted based on how much Bitcoin each company owns, with a 20% cap per company to maintain diversification. The ETF also rebalances quarterly to account for changes in companies’ Bitcoin holdings and valuations.

Bitcoin as a Strategic Reserve

The launch of OWNB is yet another evidence of the increasing corporate trend of using Bitcoin as a strategic reserve to mitigate inflation and currency changes. 

Use…

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