Key Takeaways:
Bitwise has launched the Bitwise Bitcoin Commonplace Companies ETF (OWNB) and aimed toward firms with main Bitcoin holdings.The ETF development and weight methodology goals to ship broad publicity to publicly traded companies with Bitcoin holdings.That is a part of a broader company pattern of utilizing Bitcoin as a stability sheet device.
Bitwise Asset Administration has introduced the launch of an revolutionary new product: the Bitwise Bitcoin Commonplace Companies ETF (OWNB), offering buyers with a revolutionary new strategy to achieve publicity to the Bitcoin upside. In contrast to spot Bitcoin ETFs that instantly maintain the cryptocurrency, OWNB holds shares of publicly traded companies holding vital quantities of Bitcoin of their company treasuries. The fund tracks the Bitwise Bitcoin Commonplace Companies Index, a set of companies proudly owning 1,000 or extra Bitcoin.
A New ETF Class Defined: Concentrating on Firms with Bitcoin Treasuries
Matt Hougan, Bitwise’s Chief Funding Officer, sees a sample rising — firms are treating Bitcoin like an asset reserve, the identical approach persons are. “Lots of people marvel: Why do firms purchase and maintain bitcoin? The reply is straightforward: For the very same causes folks do,” Hougan stated, highlighting Bitcoin’s attributes as a scarce, liquid asset not topic to authorities management.
And the ETF’s holdings mirror that as effectively. MSTR (Michael Saylor-led firm, Technique), recognized for his or her aggressive Bitcoin accumulation technique, is now the largest holding as of March 11, 2025. Different main positions embrace Bitcoin-mining firms MARA Holdings (MARA), CleanSpark (CLSK) and Riot Platforms (RIOT); tech firms Boyaa Interactive; and corporations centered on digital belongings, reminiscent of Galaxy Digital (GLXY CN).
ETF Holdings and Weighting Methodology: Diving into the Particulars
The Bitwise Bitcoin Commonplace Companies ETF (OWNB) gives a singular strategy to Bitcoin publicity by investing in publicly traded firms holding vital Bitcoin reserves. In contrast to direct Bitcoin ETFs, OWNB gives entry to firms actively integrating Bitcoin into their monetary methods, reminiscent of Technique (MSTR) and Bitcoin miners like MARA & CleanSpark. With holdings weighted by Bitcoin amount and capped at 20%, OWNB permits buyers to capitalize on company Bitcoin adoption with out instantly managing digital belongings, assembly the rising demand for revolutionary funding automobiles within the evolving cryptocurrency panorama.
OWNB’s largest holdings. Supply: Bitwise
The Bitwise Bitcoin Commonplace Companies Index makes use of a singular weighting scheme. The index is cap-weighted in line with the variety of Bitcoin they maintain, with 20% at present as the utmost holding for any one of many 6 firms at every rebalance. There’s additionally one rule that offers a set weighting of 1.5% to firms whose Bitcoin stakes are lower than 33% of their general belongings. This provides possession focus much less affect than together with small gamers within the asset class and present dedication to Bitcoin. By the top of 2024, publicly listed firms held a complete of 591,817 BTC in line with Bitwise.
Extra Information: Bitwise Launches Solana Staking ETP (BSOL) in Europe
Bitwise Launched this ETF to Handle a Rising Market Demand
OWNB’s launch meets rising market demand for Bitcoin progress linked funding automobiles with out the complexities of instantly managing digital belongings. This displays the rising acceptance of Bitcoin as a legit asset class and the rising variety of firms adopting it into their monetary methods. For buyers trying to get a style of Bitcoin with out holding the precise asset, the Bitwise ETF gives publicity to firms which might be leaning into Bitcoin, presenting a brand new and probably profitable path to collaborating within the digital asset revolution.
