Bitwise Asset Management has announced the launch of a new ETF focused on companies holding significant amounts of Bitcoin in their reserves.
Launch of the New ETF
On March 11, Bitwise introduced a new ETF — the Bitwise Bitcoin Standard Corporations ETF (OWNB), which aims to invest in companies with significant Bitcoin reserves.
Participants in the New Index
The main participants of the ETF include Strategy (MSTR), as well as companies like MARA Holdings, CleanSpark, and Riot Platforms. The index also includes stocks such as Boyaa Interactive and Galaxy Digital. The largest holding is capped at 20%.
Growing Interest in Bitcoin Treasuries
In 2024, rising Bitcoin prices significantly boosted the shares of Strategy, prompting other companies to start accumulating Bitcoin treasuries. As of March 11, these corporate Bitcoin holdings have exceeded $54 billion.
The launch of Bitwise's new ETF highlights the growing trend of companies using Bitcoin as a strategic reserve, potentially influencing future asset management strategies.
