Bitwise has introduced the Bitwise Bitcoin Standard Corporations ETF (OWNB), offering investors exposure to companies with significant Bitcoin holdings. The ETF tracks the Bitwise Bitcoin Standard Corporations Index, which includes companies holding at least 1,000 Bitcoin in their treasuries. As of 11 March, major holdings in the ETF include Strategy's stock (MSTR), which serves as a Bitcoin fund for Michael Saylor, and Bitcoin miners like MARA Holdings, CleanSpark, and Riot Platforms.

The ETF aims to capitalise on the increasing trend of companies buying Bitcoin as a strategic reserve asset, perceiving it as a scarce, liquid asset that is independent of government influence. Bitwise's index is weighted according to Bitcoin holdings, with the largest holding capped at 20%. The popularity of Bitcoin treasuries has surged, with corporate Bitcoin holdings exceeding$54 billion as of 11 March, a figure driven by rising Bitcoin prices in 2024.

The ETF launch comes amid growing interest in Bitcoin-focused investment products, with other asset managers, such as Strive and REX Shares, planning similar offerings. In addition to companies, even the US government has begun developing a strategic Bitcoin reserve. The move signals a broader shift towards recognising Bitcoin as an integral part of corporate and governmental financial strategies.

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