Bitwise Bitcoin Standard Corporations ETF (OWNB)

Bitwise Invest has launched the Bitwise Bitcoin Standard Corporations ETF (OWNB), an exchange-traded fund designed to track publicly traded companies that hold at least 1,000 bitcoin (BTC).

Index Rules

The index follows specific rules:
– Companies must hold a minimum of 1,000 BTC.
– Holdings are weighted based on the amount of bitcoin owned.
– The largest holding is capped at 20%.
– Companies with less than 33% of their assets in bitcoin are weighted at 1.5%.
– The index rebalances every quarter.

As of the end of 2024, publicly traded companies collectively held 591,817 BTC.

ETF Details

The ETF, which will trade on NYSE Arca, has an expense ratio of 0.85%.

Bitwise has identified 70 public companies that currently hold bitcoin on their balance sheets.

Top Holdings

The fund’s top three holdings in the ETF include:
1. Strategy (20.87%)
2. MARA Holdings (12.12%)
3. CleanSpark (6.26%)

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.