Bitwise has introduced a new exchange-traded fund (ETF) that focuses on companies holding significant amounts of Bitcoin in their treasuries. Launched on March 11, the Bitwise Bitcoin Standard Corporations ETF (OWNB) aims to track a specific index of companies with at least 1,000 Bitcoin. The ETF's largest holdings include notable corporations like MicroStrategy and various Bitcoin mining companies. Bitwise's chief investment officer, Matt Hougan, explained that companies invest in Bitcoin as a strategic asset, similar to individual investors. The appetite for corporate Bitcoin treasuries has increased, driven by rising Bitcoin prices in 2024 that saw MicroStrategy's shares surge. The total corporate Bitcoin holdings have now surpassed $54 billion, with MicroStrategy at the forefront with a treasury worth over $41 billion. In tandem with Bitwise, other asset managers are also planning similar investment products, illustrating a growing trend in corporate Bitcoin adoption.

Source đź”—