03-12-2025, 05:50 AM
Bitwise launches Bitcoin corporate treasury ETF
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NTg2NTEtY2JjOC03Y2Q5LThiNDQtYTlkOGE2YTliYjdl.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NTg2NTEtY2JjOC03Y2Q5LThiNDQtYTlkOGE2YTliYjdl.jpg" alt="Bitwise launches Bitcoin corporate treasury ETF"></p><p>Bitwise has launched an exchange-traded fund (ETF) holding stocks of companies with large Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="" target="_self" text="null" title="https://cointelegraph.com/bitcoin-price">BTC</a>) treasuries, the asset manager said on March 11. <p>The Bitwise Bitcoin Standard Corporations ETF (OWNB) “seeks to track the Bitwise Bitcoin Standard Corporations Index, a new equity index of companies with at least 1,000 bitcoin in their corporate treasuries,” Bitwise <a data-ct-non-breakable="null" href="https://www.businesswire.com/news/home/20250311165166/en/The-Bitwise-Bitcoin-Standard-Corporations-ETF-Ticker-OWNB-Launches-on-NYSE-Arca-Tracks-Publicly-Traded-Companies-That-Own-at-Least-1000-BTC" rel="null" target="null" text="null" title="null">said</a>. </p><p>The ETF is the latest in a flurry of new investment products aimed at offering exposure to companies with large Bitcoin treasuries. </p><p>“A lot of people wonder: Why do companies buy and hold bitcoin? The answer is simple: For the exact same reasons people do,” Matt Hougan, Bitwise’s chief investment officer, said in a statement.</p><p>“These companies perceive bitcoin as a strategic reserve asset that’s liquid and scarce — and not subject to the whims or money printing of any government.”</p><figure><img alt="Mining, Bitcoin Mining, Stocks, MicroStrategy, Bitcoin ETF, ETF, Bitcoin Reserve" src="https://s3.cointelegraph.com/uploads/2025-03/0195868a-e486-783f-a723-c2e66b005508" title=""><figcaption style="text-align: center;"><p><em>Public companies are among the largest institutional Bitcoin holders. Source: </em><a data-ct-non-breakable="null" href="https://bitcointreasuries.net/" rel="nofollow noopener" target="_blank" text="null" title="https://bitcointreasuries.net/"><em>BitcoinTreasuries.NET</em></a></p></figcaption></figure><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trump-linked-strive-files-bitcoin-bond-etf" rel="" target="_self" text="null" title="https://cointelegraph.com/news/trump-linked-strive-files-bitcoin-bond-etf"><em><strong>Trump-linked Strive files for ‘Bitcoin Bond’ ETF</strong></em></a></p><h2>Index of Bitcoin buyers</h2><p>As of March 11, the ETF’s largest holdings include Strategy (MSTR), Michael Saylor’s de facto Bitcoin fund, and Bitcoin miners such as MARA Holdings (MARA), CleanSpark (CLSK), and Riot Platforms (RIOT).</p><p>It also includes stocks such as gaming company Boyaa Interactive and investment manager Galaxy Digital (GLXY). </p><p>Bitwise’s index is weighted based on the amount of Bitcoin held, with the largest holding capped at 20%, the asset manager said. </p><figure><img alt="Bitwise launches Bitcoin corporate treasury ETF" src="https://s3.cointelegraph.com/uploads/2025-03/01958681-7e85-74f5-8b03-7d2f7078ec60" title=""><figcaption style="text-align: center;"><p><em>OWNB’s largest holdings. Source: </em><a data-ct-non-breakable="null" href="https://ownbetf.com/" rel="nofollow noopener" target="_blank" text="null" title="https://ownbetf.com/"><em>BItwise</em></a></p></figcaption></figure><h2>Bitcoin treasuries take off</h2><p>In 2024, rising Bitcoin prices sent shares of Strategy soaring more than 350%, according to <a data-ct-non-breakable="null" href="https://www.financecharts.com/stocks/MSTR/performance" rel="nofollow noopener" target="_blank" text="null" title="https://www.financecharts.com/stocks/MSTR/performance">data</a> from FinanceCharts. The move prompted dozens of other companies to start accumulating Bitcoin treasuries. <a data-ct-non-breakable="null" href="https://bitcointreasuries.net/" rel="null" target="null" text="null" title="null">According</a> to BitcoinTreasuries.NET, corporate Bitcoin holdings exceed $54 billion as of March 11. </p><p>Strategy remains the largest corporate Bitcoin holder, with a treasury worth more than $41 billion, the data shows. </p><p>Even the US government has <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/crypto-needs-policy-change-more-than-bitcoin-reserve-execs" rel="" target="_self" text="null" title="https://cointelegraph.com/news/crypto-needs-policy-change-more-than-bitcoin-reserve-execs">created a strategic Bitcoin reserve</a>, initially comprising only Bitcoin seized by law enforcement. </p><p>Other asset managers are launching similar investment products to Bitwise’s. In December, asset manager Strive, founded by former US presidential hopeful Vivek Ramaswamy, <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trump-linked-strive-files-bitcoin-bond-etf" rel="" target="_self" text="null" title="https://cointelegraph.com/news/trump-linked-strive-files-bitcoin-bond-etf">asked United States regulators for permission</a> to list an ETF investing in convertible bonds issued by Strategy and other corporate Bitcoin buyers. </p><p>The ETF seeks to offer exposure to “Bitcoin Bonds,” described as “convertible securities” issued by companies that plan to “invest all or a significant portion of the proceeds to purchase Bitcoin,” according to the filing. </p><p>Asset manager REX Shares is also preparing to launch a Bitcoin corporate treasury ETF, it <a data-ct-non-breakable="null" href="https://x.com/REXShares/status/1899090992021549358" rel="null" target="null" text="null" title="null">said</a> on March 10.</p><p><em><strong>Magazine: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/max-burwick-lawyer-sue-pump-fun-ambulance-chaser-of-crypto/" rel="null" target="null" text="null" title="https://cointelegraph.com/magazine/max-burwick-lawyer-sue-pump-fun-ambulance-chaser-of-crypto/"><em><strong>Meet lawyer Max Burwick — ‘The ambulance chaser of crypto’</strong></em></a></p><template data-name="subscription_form" data-type="crypto_biz" label="Subscription Form: Crypto Biz Newsletter"></template></p>
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https://cointelegraph.com/news/bitwise-l...er_inbound
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NTg2NTEtY2JjOC03Y2Q5LThiNDQtYTlkOGE2YTliYjdl.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NTg2NTEtY2JjOC03Y2Q5LThiNDQtYTlkOGE2YTliYjdl.jpg" alt="Bitwise launches Bitcoin corporate treasury ETF"></p><p>Bitwise has launched an exchange-traded fund (ETF) holding stocks of companies with large Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="" target="_self" text="null" title="https://cointelegraph.com/bitcoin-price">BTC</a>) treasuries, the asset manager said on March 11. <p>The Bitwise Bitcoin Standard Corporations ETF (OWNB) “seeks to track the Bitwise Bitcoin Standard Corporations Index, a new equity index of companies with at least 1,000 bitcoin in their corporate treasuries,” Bitwise <a data-ct-non-breakable="null" href="https://www.businesswire.com/news/home/20250311165166/en/The-Bitwise-Bitcoin-Standard-Corporations-ETF-Ticker-OWNB-Launches-on-NYSE-Arca-Tracks-Publicly-Traded-Companies-That-Own-at-Least-1000-BTC" rel="null" target="null" text="null" title="null">said</a>. </p><p>The ETF is the latest in a flurry of new investment products aimed at offering exposure to companies with large Bitcoin treasuries. </p><p>“A lot of people wonder: Why do companies buy and hold bitcoin? The answer is simple: For the exact same reasons people do,” Matt Hougan, Bitwise’s chief investment officer, said in a statement.</p><p>“These companies perceive bitcoin as a strategic reserve asset that’s liquid and scarce — and not subject to the whims or money printing of any government.”</p><figure><img alt="Mining, Bitcoin Mining, Stocks, MicroStrategy, Bitcoin ETF, ETF, Bitcoin Reserve" src="https://s3.cointelegraph.com/uploads/2025-03/0195868a-e486-783f-a723-c2e66b005508" title=""><figcaption style="text-align: center;"><p><em>Public companies are among the largest institutional Bitcoin holders. Source: </em><a data-ct-non-breakable="null" href="https://bitcointreasuries.net/" rel="nofollow noopener" target="_blank" text="null" title="https://bitcointreasuries.net/"><em>BitcoinTreasuries.NET</em></a></p></figcaption></figure><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trump-linked-strive-files-bitcoin-bond-etf" rel="" target="_self" text="null" title="https://cointelegraph.com/news/trump-linked-strive-files-bitcoin-bond-etf"><em><strong>Trump-linked Strive files for ‘Bitcoin Bond’ ETF</strong></em></a></p><h2>Index of Bitcoin buyers</h2><p>As of March 11, the ETF’s largest holdings include Strategy (MSTR), Michael Saylor’s de facto Bitcoin fund, and Bitcoin miners such as MARA Holdings (MARA), CleanSpark (CLSK), and Riot Platforms (RIOT).</p><p>It also includes stocks such as gaming company Boyaa Interactive and investment manager Galaxy Digital (GLXY). </p><p>Bitwise’s index is weighted based on the amount of Bitcoin held, with the largest holding capped at 20%, the asset manager said. </p><figure><img alt="Bitwise launches Bitcoin corporate treasury ETF" src="https://s3.cointelegraph.com/uploads/2025-03/01958681-7e85-74f5-8b03-7d2f7078ec60" title=""><figcaption style="text-align: center;"><p><em>OWNB’s largest holdings. Source: </em><a data-ct-non-breakable="null" href="https://ownbetf.com/" rel="nofollow noopener" target="_blank" text="null" title="https://ownbetf.com/"><em>BItwise</em></a></p></figcaption></figure><h2>Bitcoin treasuries take off</h2><p>In 2024, rising Bitcoin prices sent shares of Strategy soaring more than 350%, according to <a data-ct-non-breakable="null" href="https://www.financecharts.com/stocks/MSTR/performance" rel="nofollow noopener" target="_blank" text="null" title="https://www.financecharts.com/stocks/MSTR/performance">data</a> from FinanceCharts. The move prompted dozens of other companies to start accumulating Bitcoin treasuries. <a data-ct-non-breakable="null" href="https://bitcointreasuries.net/" rel="null" target="null" text="null" title="null">According</a> to BitcoinTreasuries.NET, corporate Bitcoin holdings exceed $54 billion as of March 11. </p><p>Strategy remains the largest corporate Bitcoin holder, with a treasury worth more than $41 billion, the data shows. </p><p>Even the US government has <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/crypto-needs-policy-change-more-than-bitcoin-reserve-execs" rel="" target="_self" text="null" title="https://cointelegraph.com/news/crypto-needs-policy-change-more-than-bitcoin-reserve-execs">created a strategic Bitcoin reserve</a>, initially comprising only Bitcoin seized by law enforcement. </p><p>Other asset managers are launching similar investment products to Bitwise’s. In December, asset manager Strive, founded by former US presidential hopeful Vivek Ramaswamy, <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trump-linked-strive-files-bitcoin-bond-etf" rel="" target="_self" text="null" title="https://cointelegraph.com/news/trump-linked-strive-files-bitcoin-bond-etf">asked United States regulators for permission</a> to list an ETF investing in convertible bonds issued by Strategy and other corporate Bitcoin buyers. </p><p>The ETF seeks to offer exposure to “Bitcoin Bonds,” described as “convertible securities” issued by companies that plan to “invest all or a significant portion of the proceeds to purchase Bitcoin,” according to the filing. </p><p>Asset manager REX Shares is also preparing to launch a Bitcoin corporate treasury ETF, it <a data-ct-non-breakable="null" href="https://x.com/REXShares/status/1899090992021549358" rel="null" target="null" text="null" title="null">said</a> on March 10.</p><p><em><strong>Magazine: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/max-burwick-lawyer-sue-pump-fun-ambulance-chaser-of-crypto/" rel="null" target="null" text="null" title="https://cointelegraph.com/magazine/max-burwick-lawyer-sue-pump-fun-ambulance-chaser-of-crypto/"><em><strong>Meet lawyer Max Burwick — ‘The ambulance chaser of crypto’</strong></em></a></p><template data-name="subscription_form" data-type="crypto_biz" label="Subscription Form: Crypto Biz Newsletter"></template></p>
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https://cointelegraph.com/news/bitwise-l...er_inbound