Bitwise Asset Management has filed for a new exchange-traded fund (ETF) named the Bitcoin Standard Corporations ETF. This ETF aims to invest in public companies that hold substantial Bitcoin reserves, specifically targeting firms with at least 1,000 BTC in their corporate treasuries. Eligible companies must also meet criteria such as a minimum market capitalization of $100 million and daily trading volumes exceeding $1 million.
Notably, the ETF plans to weight its holdings based on the size of each company's Bitcoin treasury rather than traditional market capitalization metrics. This initiative reflects the growing trend of corporate adoption of Bitcoin and offers investors indirect exposure to the cryptocurrency through equity securities.