New Bitwise ETF targets Bitcoin-heavy firms like MicroStrategy, MARA

Bitwise has deployed a new standard Bitcoin ETF Corporations which gives investors a way to bet on companies stacking at least 1,000 BTC.

In the worldThe largest crypto index fund manager with $ 12 billion in customer assets, is launching a new Stock market negotiated funds on the New York Stock Exchange which includes public companies holding at least 1,000 bitcoins (BTC) in their corporate treasury bills.

In a March 11 press releaseSaid Bitwise said that the so-called standard Bitcoin Standard ETF will include 10 participations in launch, with large companies such as MicrostrategyMara Holdings and Cleanspark. The other index names include Riot, Boyaa Interactive platforms and Mike Novogratz Crypto Bank Digital galaxy.

The index is quarterly rebalanced and weighs the assets according to the quantity of Bitcoin held, with certain limits to ensure diversification, the press release said.

“Companies are just beginning”

Commenting on the launch, the Bitwise Matt Hougan DSI said that the decision to include the companies mentioned was due to their perception of Bitcoin as “a liquid and rare strategic reserve asset – and not subject to the whims or the printing of money from any government”.

“We believe that companies are just beginning here, and this FNB gives investors an exhibition to innovative companies at the forefront of this trend.”

Matt Hougan

Although the FNB targets Bitcoin maximalists, it will not invest directly in Bitcoin or through derivatives. Instead, he will offer investors an exhibition to companies that make significant movements in cryptographic space, according to the press release.

The launch arrives a few days after Bitwise announcement Another ETP product that combines bitcoin and gold, dynamically adjusting allowances according to market conditions. The Bitwise Dimanche Bitcoin & Gold ETP, which is available on Euronext Paris and Amsterdam, follows the index Sunday Bitcoin & Gold to adjust the allowances according to market conditions.