Bitwise has dropped a new ETF called the Bitwise Bitcoin Standard Corporations ETF (OWNB), and it’s all about companies stacking serious Bitcoin.
According to the announcement, this fund tracks public companies holding at least 1,000 BTC in their treasury. Instead of buying Bitcoin directly, investors can just buy shares of this ETF and still get in on the action.
It was launched today, March 11, and already includes over 70 companies that have decided to hold Bitcoin as part of their business strategy.
These companies include Strategy, which owns a massive 499,096 BTC, worth more than $41 billion. Other companies in the mix include Marathon Digital (MARA), CleanSpark, Riot Platforms, Boyaa Interactive, Metaplanet, Aker ASA, Bitfarms, BitFuFu, and Galaxy Digital.
The ETF’s structure ensures diversification, with a 20% cap on the largest holdings. Companies with BTC holdings between 1,000 BTC and one-third of their balance sheet receive a 1.5% weighting to maintain balance.
Companies adding Bitcoin to their balance sheet is an emerging trend – one that more companies are exploring as Bitcoin enters the mainstream,” Bitwise President Teddy Fusaro said in a post on X
Bitwise itself pointed out that Bitcoin adoption is not just for individuals anymore. “Individuals have understood the Bitcoin standard for years,” the company stated. “Now, more and more corporations do, too.”
Meanwhile, this is going to do well since it comes under U.S. President Donald Trump, whose administration has been dishing out crypto-friendly policies since he took office.
This has made it easier for investment firms to introduce more crypto-based financial products to customers and also to attract interest from institutional investors.
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