#BitwiseBitcoinETF

Bitwise proposes ETF to invest in companies holding 1,000 or more bitcoins

Bitwise has proposed a new ETF focused on listed companies holding at least 1,000 bitcoins in their vaults.

The fund targets companies with a market cap of $100 million or more and daily trading liquidity of more than $1 million.

The weighting of shares will be based on the value of bitcoins held by the companies, with a cap of 25% per company to ensure diversification