#BitwiseETF Bitwise launched a corporate treasury Bitcoin ETF

Its largest holdings are shares of Strategy, MSTR, and it also has shares in various Bitcoin miners.

Bitwise has launched an exchange-traded fund (ETF) that contains shares of companies with large Bitcoin treasuries

BTC

€75,028

, as announced by the asset manager on March 11.

The Bitwise Bitcoin Standard Corporations ETF (OWNB) "seeks to track the Bitwise Bitcoin Standard Corporations Index, a new index of stocks from companies that hold at least 1,000 bitcoins in their corporate treasuries," said Bitwise.

The ETF is the latest in a series of new investment products designed to provide exposure to companies with large Bitcoin treasuries.

"Many people ask: Why do companies buy and hold bitcoin? The answer is simple: For exactly the same reasons that people do," said Matt Hougan, Chief Investment Officer of Bitwise, in a statement.

"These companies view bitcoin as a strategic, liquid, and scarce reserve asset that is not subject to the whims or money printing of any government."