New Bitwise ETF Targets Companies Holding 1K+ BTC, Strategy Weighted at 20%

Bitwise Introduces ETF Tracking Public Companies With Significant Bitcoin Holdings

Bitwise Invest has launched the Bitwise Bitcoin Standard Corporations ETF (OWNB), an exchange-traded fund (ETF) that tracks publicly traded companies holding at least 1,000 bitcoin (BTC).

The ETF applies a structured weighting system: companies with over 1,000 BTC qualify, with allocations based on their bitcoin reserves. The largest holding is capped at 20%, while companies with less than 33% of their assets in bitcoin are assigned a 1.5% weighting. The index is rebalanced every quarter to ensure alignment with its strategy.

According to Bitwise, publicly traded companies collectively held 591,817 BTC by the end of 2024. The ETF, which will trade on NYSE Arca, has an expense ratio of 0.85%.

Bitwise has identified 70 public companies currently holding bitcoin on their balance sheets. The ETF’s top three holdings are:

  • Strategy (20.87%)
  • MARA Holdings (12.12%)
  • CleanSpark (6.26%)
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