Bitwise Asset Management has filed to launch an ETF focused on companies with significant Bitcoin reserves, highlighting the growing role of cryptocurrency in corporate strategies.
Features of the New Bitwise ETF
The new ETF will weigh companies not by market cap, but by the value of their Bitcoin reserves. The weight of each company in the fund is capped at 25% to maintain balance. Companies such as MicroStrategy, holding 444,262 BTC, could have greater influence on the ETF than larger market cap companies like Tesla.
Criteria for Inclusion in the ETF
To be included in the fund, companies must meet certain criteria: they must hold at least 1,000 BTC in their corporate treasury, have a market capitalization of at least $100 million, daily liquidity of $1 million, and a public float under 10%.
Bitcoin's Role in Corporate Strategies
As Bitcoin becomes increasingly significant as a corporate asset, companies like MicroStrategy demonstrate how aggressive Bitcoin acquisition can be a strategic advantage. Bitcoin's price surge in 2024 has further validated its strategic corporate value.
The new ETFs from Bitwise and Strive Asset Management highlight the growing institutional interest in Bitcoin and its acceptance as a corporate asset, providing further opportunities for cryptocurrency integration in corporate strategies.
