Potential Inclusion in Bitwise Bitcoin Standard ETF
Bitwise Asset Management has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch an ETF called the Bitwise Bitcoin Standard Corporations. This fund is designed to invest in shares of companies that adopt the Bitcoin standard, requiring them to hold at least 1,000 BTC in their reserves.
According to a report from HODL15 Capital, over 20 companies are potential candidates for inclusion in this ETF, with approximately 30% of them being Bitcoin mining companies.
This move reflects growing institutional interest in digital assets, particularly after the approval of Bitcoin spot ETFs in the U.S. Leading investment firms like Goldman Sachs and Morgan Stanley have taken significant positions in Bitcoin spot ETFs, signaling broader adoption among traditional financial institutions.
Additionally, Bitwise recently expanded its operations into the European market by acquiring London-based ETC Group. This acquisition enables Bitwise to offer a more diverse range of digital asset products to European investors, including second-tier cryptocurrencies and advanced products not yet permitted in the U.S.
With these developments, Bitwise aims to solidify its position as a leader in digital asset management, providing a range of investment products to meet the needs of institutional and retail investors globally.
