Bitwise Introduces ETF Focused on Companies Holding Over 1,000 Bitcoin, With a 20% Strategy Allocation

New ETF follows publicly traded companies that own a minimum of 1,000 Bitcoin.

Key Points to Know:

• Bitwise launches a new ETF (OWNB) that monitors publicly traded firms with Bitcoin holdings of at least 1,000 BTC.
• The fund undergoes quarterly rebalancing, with key holdings including Strategy, MARA Holdings, and CleanSpark.

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

The index follows a structured approach: companies must hold a minimum of 1,000 BTC, with weighting based on their Bitcoin holdings. The largest holding is capped at 20%, while firms with less than 33% of their assets in Bitcoin are assigned a 1.5% weighting. The index undergoes quarterly rebalancing.

Bitwise reports that publicly traded companies collectively held 591,817 BTC by the end of 2024. The ETF, set to trade on NYSE Arca, carries an expense ratio of 0.85%.

The firm has identified 70 publicly listed companies that currently hold Bitcoin on their balance sheets.

The ETF's top three holdings include Strategy (20.87%), MARA Holdings (12.12%), and CleanSpark (6.26%).