Bitwise Invest has introduced the Bitwise Bitcoin Standard Corporations ETF (OWNB), an exchange-traded fund aimed at tracking publicly listed firms that possess a minimum of 1,000 bitcoin (BTC).
This index adheres to specific guidelines: companies must own at least 1,000 BTC, with weight distribution determined by the total bitcoin held. The largest holding is limited to 20%, and companies with bitcoin assets comprising less than 33% of their total are given a weight of 1.5%. The index undergoes rebalancing every three months.
As reported, publicly traded firms held a combined total of 591,817 BTC by the close of 2024. The ETF will be available for trading on NYSE Arca and has an expense ratio of 0.85%.
Bitwise has pinpointed 70 public companies currently maintaining bitcoin on their balance sheets.
The ETF’s leading three investments consist of Strategy (20.87%), MARA Holdings (12.12%), and CleanSpark (6.26%).
Disclaimer: Portions of this article were produced with AI assistance and subsequently reviewed by our editorial team to ensure precision and compliance with our guidelines. For further details, please see our comprehensive AI Policy.