Hold At Least 1000 Bitcoins: Corporate Giant Will Ask For 4 Conditions To Invest!

Bitwise and Strive are getting ready to turn heads in the crypto world with two new ETFs that aim to capitalize on the trend of companies adopting Bitcoin as a treasury asset.

According to recent filings with the U.S. Securities and Exchange Commission (SEC), these two new exchange-traded funds (ETFs) will aim to capitalize on the trend of companies using Bitcoin as an asset.

One of these funds is offered by Bitwise, which manages a variety of cryptocurrency-related ETFs. The fund plans to invest in companies that “adopt the Bitcoin standard,” according to a prospectus from Bitwise.

The “Bitcoin standard adoption” criterion requires companies to have at least 1,000 BTC and meet certain size and liquidity requirements. These requirements are defined as a market capitalization of over $100 million, an average daily trading volume of over $1 million, and a total of not less than 10% of publicly traded shares.

Bitcoin amount is the primary requirement
The "Bitwise Bitcoin Standard Corporations ETF" fund, prepared by Bitwise, will invest in companies weighted according to the total value of Bitcoin assets rather than their market value.

This means that if a tech company allocates a large portion of its treasury to Bitcoin, it may receive a higher weighting in the ETF, whereas if a larger company only meets the minimum 1,000 BTC requirement, it may receive a lower weighting.

Another application came from Strive asset manager, founded by Vivek Ramaswamy, co-chair of the Elon Musk-led Department of Government Efficiency (DOGE). Strive’s fund, called “Strive Bitcoin Bond ETF,” specifically targets MicroStrategy.

The fund’s purpose is to “invest in convertible securities issued by MicroStrategy Incorporated or other companies that will allocate a significant portion of Strive’s proceeds to purchase Bitcoin,” the prospectus states.

Unlike Bitwise’s fund, the Bitcoin Bond ETF is classified as a “non-diversified” fund, meaning the fund can invest more in assets from a specific issuer and does not have to adhere to a specific weighting scheme.