3 months ago
Bitwise Invest has launched the Bitwise Bitcoin Standard Corporations ETF (OWNB), an exchange-traded money designed to way publically traded companies that clasp astatine slightest 1,000 bitcoin (BTC).
The scale follows circumstantial rules: companies indispensable clasp a minimum of 1,000 BTC, with holdings weighted based connected the magnitude of bitcoin owned. The largest holding is capped astatine 20%, portion companies with little than 33% of their assets successful bitcoin are weighted astatine 1.5%. The scale rebalances each quarter.
According to Bitwise, publically traded companies collectively held 591,817 BTC arsenic of the extremity of 2024. The ETF, which volition commercialized connected NYSE Arca, has an disbursal ratio of 0.85%.
Bitwise has identified 70 nationalist companies that presently clasp bitcoin connected their equilibrium sheets.
The fund's apical 3 holdings of the ETF see Strategy (20.87%), MARA Holdings (12.12%), and CleanSpark (6.26%).
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