Bitwise launches Bitcoin corporate treasury ETF
Its largest holding is Strategy’s stock, MSTR, and it also holds shares in several Bitcoin miners.
Bitwise has launched an exchange-traded fund (ETF) holding stocks of companies with large Bitcoin (BTC) treasuries, the asset manager said on March 11.
The Bitwise Bitcoin Standard Corporations ETF (OWNB) “seeks to track the Bitwise Bitcoin Standard Corporations Index, a new equity index of companies with at least 1,000 bitcoin in their corporate treasuries,” Bitwise said.
The ETF is the latest in a flurry of new investment products aimed at offering exposure to companies with large Bitcoin treasuries.