Bitwise Launches ETF to Track Corporate Bitcoin Holders
Date: 2025-03-12 Author: Oliver Abernathy Categories: BUSINESS
Investment company Bitwise has launched an exchange-traded fund focused on tracking more than 70 public companies, each of which holds at least 1,000 BTC.
The Bitwise Bitcoin Standard Corporations ETF (ticker OWNB) is backed by Strategy, the largest corporate bitcoin custodian, which holds 499,096 BTC, equivalent to approximately $41 billion. The top participants also include mining companies MARA, CleanSpark, and Riot Platforms. In addition, the top 10 includes Boyaa Interactive, Metaplanet, Aker ASA, Bitfarms, BitFuFu, and Galaxy Digital.
The current trend shows that more and more companies are considering bitcoin as a strategic asset for their balance sheets. According to Bitwise President Teddy Fusaro, OWNB creates a convenient way for investors to gain exposure to this new asset class.
Companies must hold at least 1,000 BTC to be included in the index. However, the maximum stake of any one company in the fund is limited to 20%, which contributes to a more balanced asset allocation.
“Retail investors have long recognized the potential of Bitcoin, and now this process is spreading to the corporate sector,” Bitwise noted.
