Bitwise Asset Management has filed for a new ETF focusing on companies that have adopted the "Bitcoin standard" by holding substantial Bitcoin reserves. The proposed Bitwise Bitcoin Standard Corporations ETF aims to invest in firms with at least 1,000 $BTC in their corporate treasuries, a market capitalization of at least $100 million, average daily liquidity of $1 million, and a public float of at least 10%.
This initiative reflects the growing trend of corporations integrating Bitcoin into their financial strategies, signaling increased institutional adoption of cryptocurrency. By targeting companies with significant Bitcoin holdings, Bitwise seeks to provide investors with exposure to firms that are actively embracing digital assets.
The ETF's structure ensures diversification by capping the maximum weight of any single stock at 25%. This approach balances exposure across multiple companies meeting the specified criteria, potentially mitigating risks associated with individual corporate performance.
What are your thoughts on this new ETF? Do you believe investing in Bitcoin-backed companies offers a promising avenue for exposure to the crypto market?
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Source: Deythere
