#BitwiseBitcoinETF
Bitwise plans to launch an ETF called Bitwise Bitcoin Standard Corporations, which will invest in public companies that have at least 1,000 bitcoins in their treasuries. This fund is designed to track companies that adopt the "Bitcoin standard" with certain criteria: a minimum market capitalization of 100 million dollars, a daily liquidity volume of at least 1 million dollars, and a public float of less than 10%.
Unlike other ETFs, this one will give more weight to companies based on the value of their Bitcoin reserves, not just their market size. For example, MicroStrategy would have more weight than Tesla in the fund, as it holds a greater amount of bitcoins (444,262 BTC versus 9,720 BTC). This could attract investors interested in Bitcoin through leading companies.
