Bitwise Asset Management and Strive Asset Management filed to create ETFs focusing on companies with substantial Bitcoin holdings. These new funds offer investors a chance to engage in the rising trend of Bitcoin's role in corporate strategies.
Features of the Bitcoin Standard Company ETF
The Bitwise Bitcoin Standard ETF emphasizes companies' significant Bitcoin reserves rather than their market capitalization. The weight of each company in the fund is capped at 25% to maintain balance. This means that companies like MicroStrategy could have more influence than larger market cap companies like Tesla.
Bitcoin's Role in Corporate Strategies
Bitcoin has increasingly become a valuable asset for companies, allowing them to use it as protection against inflation and market volatility. MicroStrategy, for example, has aggressively acquired Bitcoin, setting a trend for other companies. Even smaller companies like KULR Technology Group have begun investing in Bitcoin.
Strive Bitcoin Bond ETF: A Parallel Approach
Strive Asset Management has also filed for an ETF that invests in convertible bonds of companies with significant Bitcoin investments. Unlike Bitwise, Strive will actively manage investments, offering indirect exposure to Bitcoin through corporate bonds.
Both Bitwise and Strive reflect the growing institutional interest in Bitcoin by offering different approaches to its integration as a corporate asset. Strive provides exposure through bonds of companies with Bitcoin, while Bitwise focuses on companies with direct investments.
