Bitwise ETF Targets Companies with Bitcoin Assets: A Market Innovation

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.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Bitcoin Futures Volumes Halved, Impacting Market Dynamics

Bitcoin futures volumes have significantly decreased, affecting market volatility and trading dynamics.

Rajesh Kumar20 minutes ago

Long-Term Holder Selling Pressure Affects Bitcoin Performance

Long-term holders of Bitcoin have been selling, impacting its performance against the stock market and gold.

Gustavo Mendoza20 minutes ago

Regulatory Scrutiny Looms After Flow Token Hack

Regulatory scrutiny arises after the $39 million hack of the Flow blockchain, with concerns over compliance in the movement of illicit funds through a centralized exchange.

Miguel Rodriguez24 minutes ago

Flow Foundation Launches Recovery Plan Following Major Hack

The Flow Foundation has launched a two-stage recovery strategy following a significant security breach that resulted in a $39 million loss.

Luis Flores24 minutes ago

Investors Eye Promising Cryptocurrencies: Cardano, Ethereum, and Mutuum Finance

Investors are focusing on established tokens like Cardano and Ethereum, alongside new projects such as Mutuum Finance, which shows significant growth potential.