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Bitwise Launches ETF of Firms Holding Over 1K Bitcoin, Strategy Takes a 20% Weighting
New ETF tracks public companies holding at least 1,000 bitcoin.
What to know:
- Bitwise introduces a new ETF (OWNB) that tracks publicly traded companies holding at least 1,000 Bitcoin.
- The ETF rebalances quarterly, with top holdings including Strategy, MARA Holdings, and CleanSpark.
Bitwise Invest has launched the Bitwise Bitcoin Standard Corporations ETF (OWNB), an exchange-traded fund designed to track publicly traded companies that hold at least 1,000 bitcoin (BTC).
The index follows specific rules: companies must hold a minimum of 1,000 BTC, with holdings weighted based on the amount of bitcoin owned. The largest holding is capped at 20%, while companies with less than 33% of their assets in bitcoin are weighted at 1.5%. The index rebalances every quarter.
STORY CONTINUES BELOW
According to Bitwise, publicly traded companies collectively held 591,817 BTC as of the end of 2024. The ETF, which will trade on NYSE Arca, has an expense ratio of 0.85%.
Bitwise has identified 70 public companies that currently hold bitcoin on their balance sheets.
The fund's top three holdings of the ETF include Strategy (20.87%), MARA Holdings (12.12%), and CleanSpark (6.26%).
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
James Van Straten
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin's role within the broader financial system.
In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin, MicroStrategy (MSTR), and Semler Scientific (SMLR).
AI Boost
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk's AI Policy.
