• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitwise ETF Targets Companies with Bitcoin Assets: A Market Innovation

user avatar

by Giorgi Kostiuk

a year ago

Bitwise Asset Management, a prominent ETF issuer, has filed to launch a new ETF focusing on companies holding significant amounts of Bitcoin.

Unique Features of the Bitwise Bitcoin Standard ETF

The ETF will assess a company's weight based on the value of its Bitcoin reserves rather than market cap. Each firm will have a maximum weight of 25%, allowing companies like MicroStrategy to exert more influence on the fund.

Bitcoin’s Role in Corporate Strategies

Over recent years, Bitcoin has become a crucial asset for companies, acting as a hedge against inflation and volatility. Companies like MicroStrategy have aggressively acquired Bitcoin, and many have benefited from its financial advantages.

A Parallel Approach: Strive Bitcoin Bond ETF

Strive Asset Management also filed for an ETF focusing on convertible bonds of companies with significant Bitcoin holdings. This new fund targets bonds designed to finance additional Bitcoin acquisitions.

The new ETFs from Bitwise and Strive reflect the growing institutional interest in Bitcoin and its recognition as a corporate asset that can offer significant benefits.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Oracle Faces Major Layoffs Amid AI Infrastructure Push

chest

Oracle has announced significant layoffs affecting 10,000 to 30,000 employees amid financial pressures related to its AI infrastructure push.

user avatarAisha Farooq

AI Facility Projects in the US Face Significant Delays

chest

A recent report reveals that 30 to 50% of large AI facilities planned for the US this year may face delays or be scrapped due to power supply issues.

user avatarLi Weicheng

OpenAI's UK Facility Plans Halted Amid Broader Industry Challenges

chest

OpenAI's plans to establish a major AI facility in the UK have been halted, raising concerns about AI infrastructure development.

user avatarTenzin Dorje

Michael Saylor Warns of Internal Risks as Bitcoin Gains Institutional Adoption

chest

Michael Saylor warns about internal risks to Bitcoin as it gains institutional adoption, emphasizing the need to maintain its core principles.

user avatarMohamed Farouk

Coinbase National Trust Company to Expand Custody Business

chest

Coinbase National Trust Company aims to expand its institutional custody business while maintaining integrations for staking, financing, and trading.

user avatarElias Mukuru

Hyperliquid Coin Price Prediction Shows Promising Growth

chest

Analysts predict Hyperliquid's HYPE coin could reach 41 by April and 90 by year-end, guiding investor decisions.

user avatarDiego Alvarez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.