Markets, Bitwise, ETF, Bitcoin New ETF tracks public firms holding at the very least 1,000 bitcoin.
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 very least 1,000 bitcoin (BTC).
The index follows particular guidelines: firms should maintain a minimal of 1,000 BTC, with holdings weighted primarily based 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 at the moment maintain bitcoin on their stability sheets.
The fund’s prime three holdings of the ETF embody Strategy (20.87%), MARA Holdings (12.12%), and CleanSpark (6.26%).
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