New ETF by Bitwise: Spotlight on Bitcoin in Corporate Assets

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by Giorgi Kostiuk

2 years ago

Bitwise Asset Management has filed to launch a new ETF focused on companies holding substantial Bitcoin reserves. This move highlights the growing recognition of cryptocurrency as a key asset in business strategies.

What Sets the Bitcoin Standard Corporations ETF Apart

Unlike the traditional approach, the ETF will assess companies based on the value of their Bitcoin holdings rather than market capitalization. Additionally, each company’s weight in the fund will not exceed 25% to maintain a balanced structure.

Criteria for Inclusion in the ETF

To be eligible for inclusion, a company must hold at least 1,000 BTC, have a market capitalization of at least $100 million, and maintain a daily liquidity of $1 million. Additionally, the public free float of the company must be under 10%.

Bitcoin’s Role in Corporate Strategies

In recent years, Bitcoin has been increasingly seen as a valuable asset for hedging against inflation and market volatility. Companies like MicroStrategy have made Bitcoin a central part of their treasury strategy, setting a precedent for others.

The launch of Bitwise's new ETF underscores the growing institutional interest in Bitcoin and its acceptance as a key corporate asset. The strategies of Bitwise and Strive demonstrate diverse approaches to integrating cryptocurrency in business operations.

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