Bitwise Launches ETF Targeting Companies with Large Bitcoin Reserves

Bitwise has introduced a new ETF designed to track companies holding significant Bitcoin reserves, the asset manager announced on March 11. The Bitwise Bitcoin Standard Corporations ETF aims to give investors exposure to firms that treat Bitcoin as a strategic reserve asset , mirroring the rationale of individual Bitcoin holders. The ETF follows the Bitwise Bitcoin Standard Corporations Index, which includes companies with at least 1,000 BTC in their corporate treasuries. Among its top holdings are MicroStrategy , widely seen as a Bitcoin proxy stock, and major Bitcoin miners such as Marathon Digital, CleanSpark, and Riot Platforms. The fund also includes gaming company Boyaa Interactive and investment firm Galaxy Digital. “A lot of people wonder why corporations are stacking Bitcoin,” said Bitwise Chief Investment Officer Matt Hougan. “The answer is simple: for the same reasons individuals do. Bitcoin is a scarce, liquid reserve asset that operates outside the control of central banks and government monetary policies.” Corporate Bitcoin Holdings Surge The launch of OWNB comes at a time when corporate Bitcoin holdings are at an all-time high. According to BitcoinTreasuries.net, companies collectively hold over $54 billion worth of Bitcoin as of March 11, with MicroStrategy alone accounting for $41 billion. The company’s aggressive accumulation strategy has made it the largest corporate Bitcoin holder by a wide margin. Bitcoin’s strong price performance in 2024 has further fueled institutional interest. Shares of MicroStrategy have skyrocketed over 350% this year, leading more companies to consider adding Bitcoin to their balance sheets as a hedge against inflation and economic uncertainty. Bitwise’s ETF is structured to cap its largest holding at 20%, ensuring diversification among Bitcoin-heavy corporations. This approach prevents over-reliance on any single company while still capitalizing on the broader trend of corporate Bitcoin adoption. More Bitcoin-Focused Investment Products Bitwise isn’t the only asset manager racing to meet demand for Bitcoin-related investment products. REX Shares recently announced plans for its own Bitcoin corporate treasury ETF, while Strive Asset Management—founded by former U.S. presidential candidate Vivek Ramaswamy— filed for approval of a “Bitcoin Bonds” ETF in December. The Strive ETF, if approved, would invest in convertible bonds issued by companies that allocate a significant portion of their capital to Bitcoin. The post Bitwise Launches ETF Targeting Companies with Large Bitcoin Reserves appeared first on TheCoinrise.com .