Bitwise expands its Bitcoin Standard Corporations Index by adding new companies.
Update on the OWNB Index
Bitwise, active in the cryptocurrency market, has announced an index fund focused on investing in companies holding Bitcoin as treasury assets. The fund does not invest directly in Bitcoin but allows investments in companies managing BTC through futures contracts.
Companies’ Participation in the Index
Key players in the index, such as Strategy, Tesla, and Coinbase, hold significant Bitcoin assets. For instance, Strategy increased its total assets by acquiring 6,911 Bitcoin, while Tesla and Coinbase hold 11,509 and 6,885 Bitcoin, respectively.
Index Weighting Strategy
Bitwise employs an automated weighting system to create the index, evaluating companies based on Bitcoin assets relative to their total equity. This approach helps indirectly track their relationship with Bitcoin.
Bitwise's approach to expanding the Bitcoin index reflects innovations in the cryptocurrency market and may offer investors new opportunities to monitor market dynamics.
