#BitwiseBitcoinETF

BitwiseBitcoinETF Bitwise Asset Management has recently made headlines with its filing for a new investment product, the Bitwise Bitcoin Standard ETF, which aims to provide exposure to publicly traded companies that hold significant amounts of Bitcoin (BTC) or generate substantial revenue from BTC-related activities. This filing was submitted to the U.S. Securities and Exchange Commission (SEC) on December 26, 2024, and is part of Bitwise's ongoing efforts to innovate within the cryptocurrency investment landscape.

Key Features of the Bitwise Bitcoin Standard ETF

- Investment Focus: The ETF will primarily invest in companies that hold at least 1,000 BTC in reserves and have a market capitalization of no less than $100 million. Additionally, these companies must maintain a daily trading liquidity exceeding $1 million, with less than 10% of their stock held privately.

- Weighting Approach: Unlike traditional ETFs that use market-cap weighting, this fund will adopt a unique weighting strategy based on each company's market value of BTC holdings, capping individual firm exposure at 25%.

- Asset Allocation: The ETF intends to invest at least 80% of its net assets in equity securities of eligible companies while retaining some flexibility to hold cash or other short-term instruments for liquidity purposes.