and what's Tesla doing there, is it a mining company🤣, I haven't heard that Tesla bought 500,000 bitcoins, just buy ibit

Bitwise launches a new ETF focused on companies adhering to the "bitcoin standard," with a treasury of 1,000 BTC. 🎉 The ETF will account for the market value of the companies' bitcoin assets rather than their capitalization. This is a step towards increasing interest in bitcoin products amid rising BTC prices.

Among the companies meeting the criteria are MicroStrategy, Marathon Digital, and Tesla. Newcomers like KULR Technology are also beginning to invest in BTC. 🌍