Bitwise has introduced a new Bitcoin Standard Corporations ETF aimed at investors looking to capitalize on companies that hold at least 1,000 BTC.
The largest crypto index fund manager globally, with $12 billion in assets, is set to launch this new exchange-traded fund on the New York Stock Exchange. This ETF will feature publicly traded companies that have a minimum of 1,000 Bitcoin (BTC) in their corporate treasuries.
In a recent announcement, Bitwise revealed that the new Bitwise Bitcoin Standard Corporations ETF will start with 10 holdings, including well-known firms such as MicroStrategy, MARA Holdings, and CleanSpark. The index will also comprise Riot Platforms, Boyaa Interactive, and Mike Novogratz’s cryptocurrency bank, Galaxy Digital.
The index undergoes quarterly rebalancing, with weights assigned to holdings based on the volume of Bitcoin owned, while implementing certain limits to promote diversification, as noted in the announcement.
“Companies are only beginning”
“We believe companies are just starting to realize the potential here, and this ETF provides investors with access to innovative firms leading the way.”
Matt Hougan
The launch follows Bitwise’s recent introduction of another ETP product that merges Bitcoin with gold, dynamically shifting allocations based on prevailing market conditions. The Bitwise Diaman Bitcoin & Gold ETP, offered on Euronext Paris and Amsterdam, tracks the Diaman Bitcoin & Gold Index to adjust its allocations accordingly.