Crypto asset manager Bitwise Asset Management, overseeing $12 billion in client assets, has announced the launched the Bitwise Bitcoin Standard Corporations ETF (NYSE:OWNB) on NYSE Arca, targeting companies holding at least 1,000 Bitcoin (CRYPTO: BTC) in their corporate treasuries.
What Happened: Announced on March 11, the ETF tracks the Bitwise Bitcoin Standard Corporations Index, spotlighting over 70 publicly traded firms that have embraced Bitcoin as a treasury asset, reflecting a growing corporate trend to diversify cash reserves amid economic uncertainty.
The ETF’s structure emphasizes companies with significant Bitcoin holdings, with the index weighting firms based on the amount of Bitcoin they own, though the largest holding—Strategy (NASDAQ:MSTR)—is capped at 20% to ensure diversification.
Other top holdings include MARA Holdings (NASDAQ:MSTR), CleanSpark (NASDAQ:CLSK), Riot Platforms (NASDAQ:RIOT), Boyaa Interactive, Metaplanet (TYO:
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