Bitwise launched a Stock Exchange (ETF) funds holding corporate actions with large Bitcoin vouchers (BTC), the asset manager said on March 11.
The Bitwise Bitcoin Standard Corporations ETF (OWNB) “seeks to follow the Bitcoin Standard Corporations Index index, a new corporate actions index with at least 1,000 bitcoin in their business treasury bills,” said Bitwise.
The FNB is the last of a wave of new investment products aimed at offering an exhibition to businesses with great Bitcoin vouchers.
“Many people wonder: why do companies buy and hold bitcoin?” The answer is simple: for the same reasons as people do, “said Matt Hougan, Bitwise investment director, in a statement.
“These companies perceive Bitcoin as a liquid and rare strategic reserve asset – and not subject to whims or the printing of a government’s money.”
Public companies are among the largest holders of institutional bitcoins. Source: Bitcointheries.net
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Bitcoin buyers index
As of March 11, the greatest assets of the ETF include the strategy (MSTR), the de facto Bitcoin Fund by Michael Saylor and Bitcoin miners such as Mara Holdings (Mara), Cleanspark (CLSK) and Riot Platform (Riot).
It also includes actions such as the Boyaa Interactive Gaming Company and the Galaxy Digital Investments Manager (GLXY).
The Bitwise index is weighted according to the quantity of Bitcoin held, with the largest owned detention at 20%, said the asset manager.
OWNB’s greatest assets. Source: In the world
Bitcoin Treasuries take off
In 2024, the increase in Bitcoin prices sent strategy actions which move away by more than 350%, according to funding data. This decision has prompted dozens of other companies to start accumulating Bitcoin vouchers. According to BitcoinTareries.net, Corporate Bitcoin Holdings exceeds $ 54 billion on March 11.
The strategy remains the largest business bitcoin holder, with a treasure worth more than $ 41 billion, according to data.
Even the US government has created a strategic bitcoin reserve, initially only comprising Bitcoin seized by the police.
Other asset managers launch investment products similar to that of Bitwise. In December, the director of assets Strive, founded by the former American presidential hope Vivek Ramaswamy, asked the regulators of the United States the permission to list an ETF investing in convertible obligations issued by the strategy and other Bitcoin of business buyers.
The FNB seeks to offer exposure to “Bitcoin obligations”, described as “convertible titles” issued by companies which plan to “invest all or a significant part of the product to buy Bitcoin”, according to the file.
The active manager Rex Shares is also preparing to launch an FNB of Bitcoin Corporate Treasury, he said on March 10.
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