Bitwise Launches ETF Tracking Companies with Over 1,000 Bitcoin Holdings

Bitwise Asset Management has launched a new exchange-traded fund (ETF) designed to track the performance of publicly traded companies that hold over 1,000 Bitcoin (BTC). The ETF, named the Bitcoin Standard Corporations ETF, began trading on the New York Stock Exchange Arca under the ticker symbol OWNB. This innovative financial product aims to provide investors with exposure to companies that have significant holdings in Bitcoin, aligning with the growing interest in digital assets and blockchain technology.

The ETF tracks the Bitwise Bitcoin Standard Companies Index, which includes companies that have publicly disclosed their Bitcoin holdings exceeding 1,000 BTC. At the time of launch, the top 10 holdings of this index were MicroStrategy Inc. (MSTR), MARA Holdings (MARA), CleanSpark Inc. (CLSK), Riot Platforms Inc. (RIOT), Boyaa Interactive (434 HK), Metaplanet (3350 JP), Aker ASA (AKER NO), Bitfarms Ltd. (BITF), BitFuFu (FUFU), and Galaxy Digital Holdings Ltd. (GLXY CN). These companies represent a diverse range of industries, including technology, finance, and energy, all of which have made strategic investments in Bitcoin.

This launch by Bitwise underscores the increasing institutional interest in Bitcoin and other digital assets. By providing an ETF that tracks companies with substantial Bitcoin holdings, Bitwise is offering investors a unique opportunity to gain exposure to the cryptocurrency market through traditional investment vehicles. This move is likely to attract both individual and institutional investors who are looking to diversify their portfolios and capitalize on the potential growth of the digital asset sector.

The introduction of the Bitcoin Standard Corporations ETF also highlights the evolving landscape of financial products that cater to the growing demand for digital asset investments. As more companies adopt Bitcoin as a reserve asset, the ETF provides a way for investors to indirectly participate in this trend without directly holding Bitcoin. This can be particularly appealing to investors who are cautious about the volatility and regulatory uncertainties associated with cryptocurrencies.

Overall, the launch of the Bitcoin Standard Corporations ETF by Bitwise represents a significant development in the financial industry, bridging the gap between traditional investments and the burgeoning world of digital assets. By offering a diversified portfolio of companies with substantial Bitcoin holdings, the ETF provides investors with a new