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New ETF Tracks Companies with Over 1,000 Bitcoin, Here’s the Shocking Weighting Strategy

Bitwise Invest has introduced the Bitwise Bitcoin Standard Corporations ETF (OWNB), which focuses on publicly traded companies holding at least 1,000 bitcoin (BTC). The ETF’s index weights companies based on their bitcoin holdings, with the largest holding capped at 20%. Companies with less than 33% of their assets in bitcoin are weighted at 1.5%. The index rebalances quarterly. As of the end of 2024, public companies collectively held 591,817 BTC. The ETF, trading on NYSE Arca, has an expense ratio of 0.85%. Bitwise has identified 70 public companies with bitcoin on their balance sheets. The top three holdings in the ETF are Strategy (20.87%), MARA Holdings (12.12%), and CleanSpark (6.26%).

Source: www.coindesk.com

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