Bitwise Asset Management, a leading digital asset management firm, recently filed a proposal for a new exchange-traded fund (ETF) called the “Bitwise Bitcoin Standard Corporations ETF.” This ETF aims to invest in publicly traded companies that hold at least 1,000 bitcoins (BTC) on their balance sheets. 
Potentially eligible companies for this ETF include:
• MicroStrategy: With over 444,000 BTC in its reserves.
• Tesla: Holder of 9,720 BTC.
• Marathon Digital: Bitcoin mining company with significant reserves.
• Riot Platforms: Another large Bitcoin mining company.
• Hut 8 Mining: Canadian cryptocurrency mining company.
This move by Bitwise reflects the growing adoption of Bitcoin by companies looking to integrate crypto into their financial strategies. The approval and success of this ETF could provide investors with indirect exposure to Bitcoin through shares of companies with substantial holdings of the cryptocurrency, without having to deal directly with the custody or regulations associated with direct Bitcoin ownership.
