Bitwise, a leading crypto asset manager, has just announced a new ETF product called Bitwise Bitcoin Standard Corporations ETF (OWNB), providing investors access to a portfolio of 21 listed companies holding the largest amounts of Bitcoin. This is a notable move, reflecting the trend of more businesses viewing Bitcoin as a strategic asset.
ETFs Tracking Bitcoin "Giants"
Bitwise stated #OWNB will monitor 21 companies with Bitcoin holdings of 1,000 BTC or more, including many notable names such as:
📌 Strategy (MicroStrategy) – The company holding the largest amount of Bitcoin in the world with 499,096 BTC, worth nearly $40 billion.
📌 MARA (Marathon Digital) – One of the largest Bitcoin miners.
📌 Block (by Jack Dorsey) – The digital payment giant.
📌 Coinbase – The largest crypto exchange in the U.S.
📌 Tesla – The electric vehicle company that has been purchasing Bitcoin since 2021.
All of these companies are listed on Nasdaq or the New York Stock Exchange (NYSE), and many of them are Bitcoin mining companies.
Why Are Businesses Switching to the "Bitcoin Standard"?
According to #Bitwise , companies are looking to optimize their vast cash reserves. Data from the U.S. Federal Reserve (Fed) shows that businesses are holding up to $5 trillion in low-yield cash. In the context of inflation and fluctuating interest rates, Bitcoin is being seen as a more effective store of value.
🔹 Strategies of Bitcoin miners: Bitcoin mining companies, like MARA, hold BTC because they are rewarded with coins for securing the network. This allows them to leverage their assets without needing to convert immediately to USD.
🔹 Tesla and asset diversification strategy: Tesla bought $BTC in 2021 to leverage profits from idle cash, rather than just keeping money in the bank.
🔹 MicroStrategy: A remarkable success story:
Michael Saylor, co-founder and chairman of Strategy (formerly MicroStrategy), is one of the pioneers of the "Bitcoin Standard".
In 2020, this company had $500 million in cash and faced the risk of losing value due to inflation.
They decided to invest heavily in Bitcoin right during the COVID-19 pandemic.
Result: Since switching to this model in August 2020, the stock price of Strategy has increased by more than 1,800%, an impressive figure that far exceeds many traditional investments.
OWNB ETF – An Opportunity for Investors?
The OWNB ETF helps investors benefit from the growth of leading companies in the Bitcoin sector without directly purchasing BTC. With more and more businesses viewing Bitcoin as a strategic asset, the launch of OWNB could be a stepping stone for a wave of Bitcoin investment on Wall Street.
💡 Will Bitcoin become the new standard reserve asset for businesses? The OWNB ETF will be an important indicator! 🚀