Bitwise Invest has launched the Bitise Bitcoin Standard Corporations ETF (OWNB). This is an exchange trade fund designed to track public companies that hold at least 1,000 Bitcoin (BTC).
Indexes follow certain rules. Companies must hold a minimum of 1,000 btc, and their holdings are weighted based on the amount of ownership. The largest holdings are limited to 20%, while companies with less than 33% of Bitcoin assets are weighted to 1.5%. The index is rebalanced quarterly.
According to Bitwise, publicly traded companies collectively hold 591,817 BTC as of the end of 2024. The expense ratio for ETFs traded on NYSEARCA is 0.85%.
Bitwise has identified 70 public companies that currently hold Bitcoin on their balance sheet.
The top three holdings of ETF funds include Strategy (20.87%), Mara Holdings (12.12%), and CleanSpark (6.26%).
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