▶️Bitwise launches ETF to invest in companies holding 💸Bitcoin

📌On December 27, asset management company Bitwise filed a registration application with the US Securities and Exchange Commission (SEC) with the intention of launching a new ETF called "Bitcoin Standard Corporations ETF", aiming to invest in companies that reserve large amounts of Bitcoin in the treasury.

📌Specifically, to be "targeted" by this ETF, companies must meet strict criteria including:

➕Holding at least 1,000 BTC in the treasury.

➕Market capitalization over 100 million USD, ensuring the scale and stability of the business.

➕Having an average daily trading volume of over 1 million USD, allowing the fund to easily buy and sell stocks.

➕The free float ratio is less than 10%, ensuring liquidity and accessibility for investors.

➡️The unique point of Bitwise's new ETF is also in the way it allocates weights. Instead of relying on market capitalization like traditional ETFs, this fund will use a new approach of weighting based on the value of Bitcoin held by each company.

➡️This means that small and medium-sized companies that invest heavily in Bitcoin can account for a large proportion, even surpassing large corporations with modest amounts of Bitcoin compared to their size.