Bitwise Expands Crypto ETF Offerings With a Fund Tracking Public Companies Owning Large Bitcoin R...

Bitwise launched an ETF that tracks companies with at least 1000 BTC in their corporate treasury.

The ETF does not invest in Bitcoin but follows firms holding large BTC reserves.

The fund rebalances quarterly and includes companies like Strategy MARA and CleanSpark.

Bitwise has introduced a new exchange-traded fund (ETF) designed to track companies with Bitcoin on their balance sheets. The ETF, named Bitwise Bitcoin Standard Corporations ETF, does not invest in Bitcoin directly. Instead, it provides exposure to firms holding significant amounts of the cryptocurrency.

The ETF operates under the ticker OWNB and follows an index strategy. Companies included in the index must own at least 1,000 BTC. The index weights holdings based on the amount of Bitcoin owned, with the largest ownership capped at 20% to ensure diversification

Firms holding over 1,000 BTC but making up less than 33% of their proprietary assets receive an automatic 1.5% weighting. The index rebalances quarterly and the ETF does not trade Bitcoin directly or through derivatives

Companies in the Bitwise ETF

The fund tracks multiple Bitcoin-holding corporations. Included in the ETF are firms such as Strategy, MARA Holdings, Clean Spark, Riot Platforms, and Boyaa Interactive. These companies hold substantial BTC reserves and align with Bitwise’s strategy of targeting firms integrating Bitcoin into their corporate financial models.

More than 70 publicly traded companies collectively hold over 650,000 BTC in their reserves. Strategy, formerly MicroStrategy, has plans to acquire an additional $21 billion worth of Bitcoin. Several other firms are also moving toward adopting Bitcoin as part of their corporate treasury strategy.

Bitwise Expands ETF Offerings

Bitwise has filed an S-1 for an Aptos ETF and partnered with Maple Finance to explore on-chain credit solutions. The firm is also considering launching a Dogecoin ETF. The new fund expands Bitwise’s lineup of cryptocurrency-based ETFs, which include offerings focused on single coins, baskets, and industry trends.

The ETF includes a mix of mining firms and companies actively purchasing Bitcoin. The holdings reflect the overall size of Bitcoin treasuries within each firm. Major companies in the ETF include Metaplanet, CleanSpark, and Galaxy Digital. Tesla holds a small share of 1.27% within the fund.

ETF Market and Performance

The Bitwise Bitcoin Standard Corporations ETF launched on March 10 with no initial assets under management. It trades on the NYSE Arca exchange and carries a starting valuation of $22. Early trading activity remains limited.

The ETF heavily favors companies like Strategy, which holds a 20% share of the fund. Other firms, such as MARA Holdings, hold a 12% share. The index aims to reflect the broader landscape of corporate Bitcoin holdings, covering a total of 21 corporate stocks.