Bitwise Asset Management has launched Bitwise Bitcoin Standard Corporations ETF (OWNB), a new investment product that is designed to offer exposure to companies that have significant Bitcoin reserves.
According to an March 11 rackThe ETF follows the Bitwise Bitcoin Standard Corporations Index, which includes companies that have integrated Bitcoin in their business treasury.
Bitwise Cio Matt Hougan emphasized the reason behind the Bitcoin Holdings company. He pointed out that companies have trillion in cash, while the US government has an annual shortage of more than $ 2 trillion.
As a result, many companies consider Bitcoin as a strategic reserve policy – liquid, scarce and independent of the monetary policy of the government.
Hougan said:
“Companies consider Bitcoin as a strategic reserve resistant that is liquid and scarce – and not subject to the whims or money prints of a government. We think that companies are only going to work here, and this ETF gives investors exposure to innovative companies at the forefront of this trend. “
On the other hand, Bitwise CEO Hunter Horsley pointed out that different companies are now following the blueprint that have been set up by Strategy and Michael Saylor, with more than 70 companies that now hold Bitcoin as part of their Treasury strategy.
Owner
According to the statement, companies must keep at least 1,000 BTC to be eligible for admission. The index weights of interests based on Bitcoin -ownership and at the same time guarantee diversification.
BitWise explained that no company can represent more than 20% with again in balance and companies where Bitcoin represents less than 33% of the total assets, receives an automatic weighting of 1.5%.
With the launch, Strategy had the largest part of 20.87%, which reflects its aggressive Bitcoin accumulation strategy.
Mara Holdings, a Bitcoin-Mijnbouwbedrijf, accounted for 12.12%, while CleanSpark and Riot platforms, both focused on energy-efficient Bitcoin mining, represented 6.26%and 6.23%respectively.
Meanwhile, companies are not excluded in Asia, with the China’s gaming giant Boyaa Interactive at 5.75% and Metaplanet, a Japanese company with an exposure to 5.25%.
In addition, Aker ASA, a Norwegian industrial investment firm, made up 4.63% of the index, while Bitcoin minimal activities had bitfarms and Bitfufu 4.30% and 4.03% respectively. The financial service company Galaxy Digital has completed the best interests with 3.99%.
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