📊 Bitwise files SEC proposal for ETF centered on Bitcoin-Holding Corporations 📊
Bitwise and Strive are introducing Bitcoin ETFs that aim to exploit institutional interest by focusing on corporate Bitcoin usage, offering new investment avenues in the crypto sector.
Bitwise has proposed the Bitcoin Standard Corporations ETF to the SEC, which will invest in companies with at least 1,000 $BTC in their reserves. This ETF uses a unique weighting system based on Bitcoin reserves rather than market cap, giving more weight to companies with larger $BTC holdings.
📊 Bitwise: New approaches for the institutionalization of Bitcoin.
Only companies with a market cap over $100 million, good liquidity, and minimal private ownership qualify for Bitwise's ETF, aiming for transparency and investor appeal.
Strive's Bitcoin Bond ETF, co-founded by Vivek Ramaswamy, will invest in convertible bonds of companies with significant Bitcoin holdings, focusing on a few key companies like MicroStrategy, with a non-diversified approach. Both companies are innovating by integrating Bitcoin into corporate finance strategies, not just as an asset but as a part of corporate operations and strategy.
📍Disclaimer: This is not a financial recommendation, cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance.
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