Bitwise Rolls Out ETF Tracking Firms With Large Bitcoin Holdings
Bitwise Invest has launched the Bitwise Bitcoin Standard Corporations ETF (OWNB), an exchange-traded fund (ETF) designed to track publicly traded companies that hold at least 1,000 bitcoin (BTC).
The ETF follows a weighted allocation strategy, where companies are ranked by their BTC reserves. The largest holding is capped at 20%, while firms with less than 33% of total assets in BTC are limited to a 1.5% weighting. The index is rebalanced quarterly to maintain portfolio alignment.
As of late 2024, publicly traded companies collectively held 591,817 BTC, according to Bitwise. The ETF, set to trade on NYSE Arca, carries an expense ratio of 0.85%.
Bitwise has identified 70 publicly traded companies with bitcoin on their balance sheets. The ETF’s top three holdings include:
- Strategy – 20.87%
- MARA Holdings – 12.12%
- CleanSpark – 6.26%
