#BitwiseBitcoinETF Bitwise Launches Bitcoin Standard ETF Focusing on Companies Holding BTC

- Bitwise has proposed a new fund that would invest in publicly traded companies holding at least 1,000 bitcoins.

- To be eligible, companies must have a market cap of at least $100 million, maintain average daily liquidity of at least $1 million, and have a public float of at least 10%.

Companies Show Growing Interest in Bitcoin

Bitcoin prices have seen an impressive 117% increase this year, briefly surpassing $108,000 before settling around $95,800. This surge has rekindled interest in bitcoin-related investments, prompting financial institutions to expand their offerings.

A major player in this trend is KULR Technology Group, which recently announced its entry into the Bitcoin space. On December 16, the company revealed that it had invested $21 million to acquire 217.18 bitcoins. The move paid off handsomely, as KULR’s stock price surged more than 40% in a single day, hitting an all-time high of $4.80. This indicates a strong correlation between bitcoin investments and stock market performance, especially for companies directly involved in the cryptocurrency space.

On December 21, GraniteShares, a New York-based investment firm, filed for approval of a new series of leveraged exchange-traded funds (ETFs). These funds aim to track companies that are big on cryptocurrencies, including household names like Marathon Digital, Robinhood, and MicroStrategy.