Recently Bitwise Launches ETF Focused on Bitcoin-Heavy Companies.
Bitwise has proposed an Exchange-Traded Fund (ETF) that shines a spotlight on companies holding massive Bitcoin reserves.
This is Bitwise Bitcoin Standard Corporations ETF,
Companies must meet strict requirements to be included:
Hold at least 1,000 Bitcoin in reserves.
Have a market capitalization of at least $100 million.
Ensure daily liquidity of $1 million.
Keep less than 10% of their stock privately held.
What is ETF?
ETFs or "exchange-traded funds" are exactly as the name implies: funds that trade on exchanges, generally tracking a specific index. When you invest in an ETF, you get a bundle of assets you can buy and sell during market hours—potentially lowering your risk and exposure, while helping to diversify your portfolio.
Why Companies show interest in this?
if a company puts money, in this etf, their, share price, increases when ever Bitcoin price increase.
What to worry about?
If rich people's holds all Btc in one places . they decide its price
, for example, once they gather 100,000 Btc or more , then they want to sell all their Bitcoins.
what will happen in crypto market.
when Btc sold, btc price drops dramatically. it affects other small investors around the world.
