Bitwise Introduces ETF Tracking Firms With Large Bitcoin Holdings, Assigns 20% Weight
Bitwise Unveils Bitcoin Holdings ETF, Tracking Companies With 1,000+ BTC
Bitwise Invest has launched the Bitwise Bitcoin Standard Corporations ETF (OWNB), an exchange-traded fund designed to track publicly traded companies that hold at least 1,000 bitcoin (BTC).
The ETF follows a rule-based methodology: companies must hold at least 1,000 BTC, with weightings determined by their bitcoin reserves. To maintain balance, the largest single holding is capped at 20%, while firms with less than 33% of total assets in bitcoin are assigned a 1.5% weighting. The fund undergoes a quarterly rebalancing process.
As of late 2024, publicly traded companies collectively owned 591,817 BTC, according to Bitwise. The ETF, which will be listed on NYSE Arca, carries an expense ratio of 0.85%.
Bitwise has identified 70 publicly traded firms holding bitcoin on their balance sheets. The fund’s top three allocations include:
- Strategy – 20.87%
- MARA Holdings – 12.12%
- CleanSpark – 6.26%
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