#BitwiseBitcoinETF is trending due to Bitwise Asset Management's recent filing with the U.S. Securities and Exchange Commission (SEC) to launch a new exchange-traded fund (ETF) called the Bitcoin Standard Corporations ETF.

This proposed ETF aims to invest in public companies that hold significant amounts of Bitcoin in their corporate treasuries, specifically targeting firms with at least 1,000 BTC.

The ETF plans to weight its holdings based on the value of each company's Bitcoin reserves rather than traditional market capitalization, with a cap of 25% per company. This means that companies like MicroStrategy, which holds approximately 444,262 BTC, could receive a larger allocation despite having a smaller market cap compared to other firms.

This development has garnered significant attention within the cryptocurrency community and among investors.

It's good news for $BTC in the long run!