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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.
The incoming pro-crypto administration under Trump is set to bring a major shift to U.S. cryptocurrency laws in 2025. Congress is expected to prioritize critical legislation on stablecoins, the FIT21 Act, and the digital asset market infrastructure. Key figures like Rep. French Hill, who will lead the House Financial Services Committee, are pushing for clear regulations for digital assets and stablecoins.
The FIT21 Act, which aims to provide a clear regulatory framework for digital assets, is a top priority for lawmakers. This bill seeks to define whether digital assets are securities or commodities and will give more oversight powers to the CFTC. Stablecoin regulation will also be a key focus, ensuring that issuers provide consumer protections and regulatory clarity.
With bipartisan support and Trump’s pro-crypto stance, 2025 may see significant progress in crypto legislation. Despite competing priorities, the momentum for clearer, crypto-friendly laws is growing, setting the stage for a new era in digital asset regulation.
Donald Trump‘s campaign promise to bring all Bitcoin BTC/USD mining operations back to the United States faces considerable obstacles, despite his newfound support for the cryptocurrency industry.
This pledge, made following discussions with leaders in the crypto mining field, symbolizes Trump’s shift from a skeptic to a champion of digital assets.
What Happened: Experts in the field acknowledge that the decentralized structure of Bitcoin renders such a goal impractical, if not impossible, according to Bloomberg.
While the concept might serve as a show of support, the reality is that Bitcoin mining is a highly competitive, worldwide endeavor.
New, well-funded entities…
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On December 26, 2024, the daily net flow of U.S. Bitcoin ETFs was primarily stable except for a notable net outflow in one fund. Fidelity’s Bitcoin ETF (Ticker: FBTC) experienced a substantial outflow, losing 852 BTC, which was the sole significant movement in the market on this day.
All other Bitcoin ETFs, including major funds like BlackRock’s IBIT, Grayscale’s GBTC, and other ETFs like ARK’s Bitcoin ETF (Ticker: ARKB), Bitwise (Ticker: BITB), Grayscale’s BTC fund (Ticker: BTC), VanEck’s (Ticker: HODL), Valkyrie’s (Ticker: BRRR), Invesco Galaxy’s (Ticker: BTCO), and Franklin Templeton’s (Ticker: EZBC) reported no changes in their Bitcoin holdings.
Overall, the total Bitcoin holdings of these ETFs remained at 1,124,603 BTC. The day ended with a net decrease of 852 BTC across all funds, leading to a market value decrease of approximately $81.9 million. This lack of substantial movement across most funds suggests a day of relatively low activity and stability in the market following the holiday period.
Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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On Thursday, KULR Technology Group, Inc KULR announced that it has completed the purchase of 217.18 Bitcoin BTC/USD for approximately $21 million, at an average price of $96,556.53 per BTC.
The purchase follows the company’s announcement on December 4 of its Bitcoin Treasury strategy, which announced allocating up to 90% of its surplus cash to BTC.
The $21 million BTC purchased since the announcement is the first of ongoing purchases the company intends to make going forward.
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KULR Technology Group selected Coinbase’s COIN Prime platform to provide custody, USDC, and…
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KULR Technology Group, Inc. (NYSE:KULR) has made a significant move into the cryptocurrency market by purchasing 217.18 Bitcoin at an approximate cost of $21 million. This purchase, conducted at an average price of $96,556.53 per coin, initiates the company’s bold Bitcoin Treasury strategy. KULR plans to allocate up to 90% of its surplus cash into Bitcoin, eyeing it as a promising long-term investment.
The company, known for its expertise in energy storage solutions for industries like aerospace and defense, believes this acquisition marks just the start of ongoing investments in Bitcoin. By leveraging Bitcoin’s potential as a digital store of value, KULR is diversifying its cash reserves, aligning with its innovative approach in the energy sector.
To facilitate the management of its growing cryptocurrency portfolio, KULR has partnered with Coinbase Prime. This collaboration provides institutional-grade custody and self-custodial wallet services, ensuring robust security for the company’s digital assets.