Bitwise Launches Bitcoin-Focused ETF Tracking Firms With Large Holdings
Bitwise Invest has introduced 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 ETF follows a structured approach: firms must hold a minimum of 1,000 BTC to qualify, and their holdings are weighted based on the amount of bitcoin owned. The largest single holding is capped at 20%, while companies with less than 33% of total assets in bitcoin are weighted at 1.5%. The fund undergoes rebalancing every quarter to maintain its allocation strategy.
As of the end of 2024, publicly traded companies collectively held 591,817 BTC, according to Bitwise. The ETF will trade on NYSE Arca with an expense ratio of 0.85%.
Currently, 70 public companies hold bitcoin on their balance sheets, with the ETF’s top three holdings including:
- Strategy (20.87%)
- MARA Holdings (12.12%)
- CleanSpark (6.26%)
