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crypto.news 2025-03-11 14:38:15

New Bitwise ETF targets Bitcoin-heavy firms like MicroStrategy, MARA

Bitwise has rolled out a new Bitcoin Standard Corporations ETF that gives investors a way to bet on companies stacking at least 1,000 BTC. Bitwise , the world’s largest crypto index fund manager with $12 billion in client assets, is launching a new exchange-traded fund on the New York Stock Exchange that includes public companies holding at least 1,000 Bitcoin ( BTC ) in their corporate treasuries. In a March 11 press release , Bitwise said that the so-called Bitwise Bitcoin Standard Corporations ETF will include 10 holdings at launch, featuring major companies such as MicroStrategy , MARA Holdings, and CleanSpark. Other names in the index include Riot Platforms, Boyaa Interactive, and Mike Novogratz’s crypto bank Galaxy Digital . The index is rebalanced quarterly and weights holdings based on the amount of Bitcoin owned, with certain limits to ensure diversification, the press release reads. You might also like: Bitwise’s Dogecoin ETF moves forward as NYSE Arca files 19b-4 “Companies are only getting started” Commenting on the launch, Bitwise CIO Matt Hougan said the decision to include the mentioned companies was due to their perception of Bitcoin as “a strategic reserve asset that’s liquid and scarce — and not subject to the whims or money printing of any government.” “We think companies are only getting started here, and this ETF gives investors exposure to innovative firms at the forefront of this trend.” Matt Hougan While the ETF will target Bitcoin maximalists, it won’t invest in Bitcoin directly or through derivatives. Instead, it will offer investors exposure to companies making significant moves in the crypto space, according to the press release. The launch comes just a few days after Bitwise announced another ETP product that combines Bitcoin and gold, dynamically adjusting allocations based on market conditions. The Bitwise Diaman Bitcoin & Gold ETP, which is available on Euronext Paris and Amsterdam, follows the Diaman Bitcoin & Gold Index to adjust allocations based on market conditions. Read more: Bitwise files Aptos ETF with US SEC

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