Bitwise has introduced a new exchange-traded fund (ETF), named (OWNB), that tracks publicly traded companies holding at least 1,000 Bitcoin. This ETF adheres to specific guidelines where companies must maintain a minimum of 1,000 BTC, and their holdings are weighted according to the amount of bitcoin owned, with a maximum cap of 20% for the largest holding. Companies with less than 33% of their assets in bitcoin are weighted at 1.5%. The fund, to be traded on NYSE Arca, aims to provide investors with opportunities linked to Bitcoin associated firms. As of the end of 2024, Bitwise has reported that public companies collectively held around 591,817 BTC. The ETF will rebalance on a quarterly basis, and its top three holdings presently include Strategy (20.87%), MARA Holdings (12.12%), and CleanSpark (6.26%). The ETF has an expense ratio of 0.85%. This move highlights Bitwise's ongoing commitment to enhancing cryptocurrency investment vehicles for institutional and individual investors alike.

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