Bitwise Launches BTC Standard Corporations ETF, Strategy Takes a 20% Weighting

Bitwise Invest has launched the Bitwise Bitcoin Standard Corporations ETF (OWNB), an exchange-traded fund designed to trace publicly traded firms that maintain at the least 1,000 bitcoin (BTC).

The index follows particular guidelines: firms should maintain a minimal of 1,000 BTC, with holdings weighted based mostly on the quantity of bitcoin owned. The largest holding is capped at 20%, whereas firms with lower than 33% of their belongings in bitcoin are weighted at 1.5%. The index rebalances each quarter.

According to Bitwise, publicly traded firms collectively held 591,817 BTC as of the tip of 2024. The ETF, which can commerce on NYSE Arca, has an expense ratio of 0.85%.

Bitwise has recognized 70 public firms that presently maintain bitcoin on their steadiness sheets.

The fund’s prime three holdings of the ETF embrace Strategy (20.87%), MARA Holdings (12.12%), and CleanSpark (6.26%).

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