According to PANews, Bitwise Invest has introduced the Bitwise Bitcoin Standard Corporations ETF (OWNB), designed to track publicly listed companies holding at least 1,000 bitcoins. The index follows specific criteria: companies must possess a minimum of 1,000 BTC, with holdings weighted according to the amount of bitcoin owned. The maximum holding cap is set at 20%, while companies with bitcoin assets comprising less than 33% of their total assets are weighted at 1.5%. The index undergoes rebalancing quarterly.
Bitwise reports that by the end of 2024, publicly listed companies collectively held 591,817 BTC. The ETF will be traded on the New York Stock Exchange Arca platform, with a fee rate of 0.85%. Bitwise has identified 70 companies currently holding bitcoin on their balance sheets. The ETF's top three holdings include Strategy at 20.87%, MARA Holdings at 12.12%, and CleanSpark at 6.26%.
