#BitwiseBitcoinETF

Bitwise Bitcoin ETF

Bitwise Bitcoin ETF: The Bitwise Bitcoin ETF is a proposed exchange-traded fund (ETF) by Bitwise, which would focus on companies that hold large amounts of Bitcoin in their corporate treasuries.

Selection Criteria: To be included in the ETF, companies must have a minimum market capitalization of $100 million, an average daily liquidity of at least $1 million, and hold more than 1,000 BTC.

Weighting: The fund will weight the stocks according to the value of the Bitcoin reserves of each company, rather than the market capitalization.

Diversification: To maintain diversification, the fund will limit the weight of any individual stock to a maximum of 25%.

Objective: The objective of the ETF is to provide investors with a way to access companies that have adopted the “Bitcoin standard” and that hold significant reserves of Bitcoin in their corporate treasuries.

Bitwise, one of the largest asset managers in the U.S., has applied for authorization to launch an ETF that tracks the performance of companies that have Bitcoin as a reserve asset. The instrument, called the Bitwise Bitcoin Standard Corporations ETF, would hold shares of companies that have more than 1,000 BTC.

Bitwise Files Prospectus for Bitcoin Standard ETF

Bitwise, one of the largest cryptocurrency fund managers and exchange-traded funds (ETF) in the U.S., is designing a tool to allow the public to invest in companies that support Bitcoin. The institution has submitted an application for the approval of an ETF tool to track the performance of companies that hold Bitcoin as part of their reserves.