The Bitwise Bitcoin Standard Corporations ETF (Ticker
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OWNB) Launches on NYSE Arca; Tracks Publicly Traded Companies That Own at Least 1,000 BTC
Bitwise Asset Management, a leading crypto asset manager with $12 billion in client assets, announced today the launch of the first-of-its-kind Bitwise Bitcoin Standard Corporations ETF (ticker: OWNB).
The ETF seeks to track the Bitwise Bitcoin Standard Corporations Index, a new equity index of companies with at least 1,000 bitcoin in their corporate treasuries. At launch, the top 10 holdings of the index were:
- Strategy (MSTR 20.87%)
- MARA Holdings (MARA 12.12%)
- CleanSpark (CLSK 6.26%)
- Riot Platforms (RIOT 6.23%)
- Boyaa Interactive (434 HK 5.75%)
- Metaplanet (3350 JP 5.25%)
- Aker ASA (AKER NO 4.63%)
- Bitfarms (BITF 4.30%)
- BitFuFu (FUFU 4.03%)
- Galaxy Digital (GLXY CN 3.99%)
Holdings are subject to change without notice.
The index:
- Requires that a company own at least 1,000 bitcoin.
- Weights holdings by the amount of bitcoin owned, subject to certain limits.
- Limits the largest holding to 20% at each rebalance for diversification purposes.
- Automatically assigns a 1.5% weighting to any eligible companies whose bitcoin holdings comprise less than 33% of their current assets.
- Rebalances quarterly.
As of Q3 2024, U.S. nonfinancial corporations held over $4.5 trillion in currency and deposits, and nearly $1 trillion in U.S. Treasuries.1
“A lot of people wonder: Why do companies buy and hold bitcoin? The answer is simple: For the exact same reasons people do,” said Bitwise CIO Matt Hougan. “Companies are sitting on trillions of dollars in cash, and they look at the U.S. government running a more than $2 trillion annual deficit and think, ‘This isn't going to end well.’ These companies perceive bitcoin as a strategic reserve asset that’s liquid and scarce—and not subject to the whims or money printing of any government. We think companies are only getting started here, and this ETF gives investors exposure to innovative firms at the forefront of this trend.”
The Fund will not invest in bitcoin directly or indirectly through the use of derivatives.
Founded in 2017, Bitwise offers industry-leading education and a broad suite of professional investment products spanning ETFs, private funds, multi-strategy solutions, separately managed account strategies, and staking. The firm has over 100 technology and investment professionals and serves as a partner to thousands of investment professionals and financial institutions looking to understand and gain exposure to bitcoin and other crypto assets.
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