Bitwise Invest launched the Bitwise Bitcoin Standard Corporations ETF (OWNB), a fund negotiated on the stock market designed to follow the listed companies which hold at least 1,000 Bitcoin (BTC).
The index follows specific rules: companies must have a minimum of 1,000 BTC, with weighted assets depending on the quantity of Bitcoin held. The largest participation is capped at 20%, while companies with less than 33%of their Bitcoin assets are weighted at 1.5%. The index rebalances every quarter.
According to Bitwise, the companies listed on the stock market collectively held 591,817 BTC at the end of 2024. The ETF, which will be negotiated on Nyse Arca, has a 0.85%spending ratio.
Bitwise has identified 70 public companies that currently hold Bitcoin on their balance sheets.
The three main FNB fund holders include the strategy (20.87%), the Mara Holdings (12.12%) and Cleanspark (6.26%).
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