Bitwise Invest has launched the ETF (OWNB) of Bitwise Bitcoin Standard Corporations, a bottom quoted in the stock market designed to track companies that are quoted in the stock market that have at least 1,000 bitcoin (BTC).
The index follows specific rules: companies must have a minimum of 1,000 BTC, with weighted holdings based on the amount of Bitcoin. The highest possession is limited to 20%, while companies with less than 33%of their assets in Bitcoin have a 1.5%weight. The index rebuilt each quarter.
According to Bitwise, the companies that are quoted in the stock market had 591,817 BTC at the end of 2024. The ETF, which will be negotiated in Nyse Arca, has an expense ratio of 0.85%.
Bitwise has identified 70 public companies that currently have Bitcoin in their balance sheets.
The three main properties of the ETF fund include strategy (20.87%), Mara Holdings (12.12%) and Cleanspark (6.26%).
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