4M
...
Bitwise, a leading ETF issuer, has submitted a proposal for a new fund targeting companies that hold significant amounts of Bitcoin. The Bitwise Bitcoin Standard Corporations ETF will invest in firms with at least 1,000 Bitcoin in their corporate treasuries, aligning with the growing trend of businesses embracing the “Bitcoin standard.”
The ETF will focus on companies with a market cap of over $100 million, high liquidity, and a public float of under 10%. Unlike traditional ETFs that weight holdings based on market cap, Bitwise’s fund will prioritize the value of a company’s Bitcoin holdings, limiting exposure to 25% per firm. This approach could place Bitcoin-heavy firms like MicroStrategy ahead of larger companies like Tesla, due to their substantial Bitcoin reserves.
This move comes as more public companies adopt Bitcoin to enhance their stock value. With Bitcoin’s impressive 117% rise this year, the ETF offers a fresh way for investors to capitalize on the cryptocurrency boom.
