Bitwise Launches Bitcoin ETF, 70+ Companies Adopt Bitcoin Strategy
1min read The Bitwise Bitcoin Standard Corporations ETF, trading under the ticker ownb, has launched, marking a significant milestone in the cryptocurrency investment landscape. This innovative ETF allows investors to hold a diversified portfolio focused on 21 companies whose operational strategies align with Bitcoin accumulation, particularly those with over 1,000 Bitcoins. The launch of this ETF is expected to transform investment strategies for firms like mara and Strategy, which have substantial Bitcoin reserves.
Bitwise’s CEO emphasized the strategic value of Bitcoin in corporate finance, noting that over 70 companies have adopted a strategy similar to MSTR’s, holding Bitcoin as a corporate treasury asset. This shift in corporate treasury management is driven by the need to explore alternative assets that can provide better returns than the approximately $5 trillion in low-yield cash positions held by many companies. By adopting Bitcoin as a treasury asset, companies aim to hedge against inflation and improve their overall portfolio performance.
The ETF includes major players recognizing Bitcoin’s potential as a store of value. Strategy, co-founded by Michael Saylor, is currently the largest corporate holder of Bitcoin, with nearly 499,096 BTC valued at around $40 billion. Saylor maintains that Bitcoin serves as the best safeguard for shareholder value amidst economic uncertainty. Other firms featured in the ETF, such as block and coinbase, have integrated Bitcoin strategies into their core business models.
Firms such as Strategy have shown remarkable stock performance following their Bitcoin investments, with an increase in stock value by over 1,800% since adopting a Bitcoin standard in 2020. This trend reflects a broader acceptance of Bitcoin, leading more companies to consider digital assets as legitimate reserve investments. As Bitcoin’s popularity grows among institutional investors, the demand for investment vehicles like the Bitwise ETF is likely to increase.
Investors looking to capitalize on the surge in corporate Bitcoin adoption should evaluate the Bitwise Bitcoin Standard Corporations ETF as a potential addition to their portfolios. The ability to invest in a diverse set of companies aligned with Bitcoin’s growth could mitigate risks associated with investing in the cryptocurrency market directly. The ETF structure also provides regulatory oversight and easier liquidity, making it appealing for both retail and institutional investors.
The introduction of the Bitwise Bitcoin Standard Corporations ETF signifies a pivotal development in the intersection of 
