Bitwise Asset Management, a well-known exchange-traded fund (ETF) issuer, announced the launch of a new ETF focusing on companies with significant Bitcoin holdings in their corporate treasuries. This move reflects Bitcoin's growing role in corporate strategies and investment portfolios.
Features of the Bitwise Bitcoin Standard Corporations ETF
Unlike the traditional approach, the ETF will assign weight to companies based on the value of their Bitcoin reserves, capped at 25% per company. This allows companies like MicroStrategy, with its substantial BTC holdings, to significantly influence the fund's composition.
Criteria for Inclusion in the ETF
To be eligible for the Bitwise Bitcoin Standard ETF, a company must hold at least 1,000 BTC, have a market capitalization of at least $100 million, maintain daily liquidity of $1 million, and have a public free float under 10%.
Bitcoin's Role in Corporate Strategies
In recent years, Bitcoin has become a valuable asset for companies, particularly as a hedge against inflation and market volatility. Many high-profile companies, including MicroStrategy, have made Bitcoin a central part of their treasury strategy.
The launch of Bitwise's new ETF showcases the increasing institutional interest in Bitcoin and underscores its growing acceptance as an important corporate asset.
