Bitwise Unveils ETF Focused on Companies Holding 1,000+ BTC
New Fund Targets Firms Betting Big on Bitcoin as Treasury Asset
Bitwise has launched a groundbreaking exchange-traded fund (ETF) designed for investors eager to gain exposure to companies with substantial Bitcoin holdings. As the crypto market continues to mature, the Bitwise Bitcoin Standard Corporations ETF (ticker: OWNB) is set to track firms that hold at least 1,000 BTC in their treasury.
The ETF, which debuted on Tuesday, reflects a growing trend among corporations embracing Bitcoin as a reserve asset. Among its top holdings is Strategy—the largest corporate Bitcoin holder with a staggering 499,096 BTC, valued at over $41 billion. Other prominent names in the fund include leading crypto mining companies such as Marathon Digital (MARA), CleanSpark, and Riot Platforms, alongside firms like Boyaa Interactive, Metaplanet, Aker ASA, Bitfarms, BitFuFu, and Galaxy Digital.
"Companies adding Bitcoin to their balance sheet is an emerging trend—one that more firms are exploring as Bitcoin enters the mainstream," Bitwise President Teddy Fusaro stated in a post on X. "Proud to offer this exposure starting today through OWNB."
To ensure diversification, the ETF’s holdings are weighted based on the amount of Bitcoin each company owns, with a cap of 20% on any single asset. Additionally, firms that meet the 1,000 BTC threshold but hold less than one-third of their total assets in Bitcoin receive a 1.5% weighting.
Bitwise emphasized the growing corporate adoption of Bitcoin, stating, "Individuals have understood the Bitcoin standard for years. Now, more and more corporations do, too."
This latest ETF adds to Bitwise’s expanding portfolio of crypto investment products. With approximately $3.2 billion in assets under management, the Bitwise Bitcoin ETF now ranks as the fifth-largest spot Bitcoin ETF in the market, according to The Block’s Data Dashboard.
