Bitwise has just launched an ETF focused on companies with significant Bitcoin holdings, the company announced March 11.
The Bitwise Bitcoin Standard Corporations ETF (OWNB) aims to track the Bitwise Bitcoin Standard Corporations index, comprised of companies with at least 1,000 Bitcoin in their corporate treasuries.
This ETF is part of a trend that offers exposure to companies with significant Bitcoin holdings.
Matt Hougan, chief investment officer at Bitwise, said:
"A lot of people wonder: Why do companies buy and hold Bitcoin? The answer is simple: For the exact same reasons people do… These companies perceive Bitcoin as a strategic reserve asset that’s liquid and scarce — and not subject to the whims or money printing of any government."