5 months ago
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Bitwise has dropped a caller ETF called the Bitwise Bitcoin Standard Corporations ETF (OWNB), and it’s each astir companies stacking superior Bitcoin.
According to the announcement, this money tracks nationalist companies holding astatine slightest 1,000 BTC successful their treasury. Instead of buying Bitcoin directly, investors tin conscionable bargain shares of this ETF and inactive get successful connected the action.
Bitwise launched the OWNB ETF | Source: XIt was launched today, March 11, and already includes implicit 70 companies that person decided to clasp Bitcoin arsenic portion of their concern strategy.
These companies see Strategy, which owns a monolithic 499,096 BTC, worthy much than $41 billion. Other companies successful the premix see Marathon Digital (MARA), CleanSpark, Riot Platforms, Boyaa Interactive, Metaplanet, Aker ASA, Bitfarms, BitFuFu, and Galaxy Digital.
The ETF’s operation ensures diversification, with a 20% headdress connected the largest holdings. Companies with BTC holdings betwixt 1,000 BTC and one-third of their equilibrium expanse person a 1.5% weighting to support balance.
Companies adding Bitcoin to their equilibrium expanse is an emerging inclination – 1 that much companies are exploring arsenic Bitcoin enters the mainstream,” Bitwise President Teddy Fusaro said successful a station connected X
Bitwise itself pointed retired that Bitcoin adoption is not conscionable for individuals anymore. “Individuals person understood the Bitcoin modular for years,” the institution stated. “Now, much and much corporations do, too.”
Meanwhile, this is going to bash good since it comes nether U.S. President Donald Trump, whose medication has been dishing retired crypto-friendly policies since helium took office.
This has made it easier for concern firms to present much crypto-based fiscal products to customers and besides to pull involvement from organization investors.
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