Bitcoin ETF: The New Corporate Bling! 💰✨

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Well, hold onto your hats, because Bitwise has just launched the Bitwise Bitcoin Standard Corporations ETF (OWNB) – and it’s not just any old ETF, darling! It’s for the big boys who are hoarding Bitcoin like it’s the last slice of pizza at a party. 🍕💸

So, what’s the deal? This fund is like a VIP club for public companies that have at least 1,000 BTC in their treasure chests. Instead of diving headfirst into the Bitcoin pool, investors can just buy shares of this ETF and pretend they’re in the crypto game. Genius, right? 🙄

Bitwise ETF Launch

Launched today, March 11, it’s already got over 70 companies on board, all eager to flaunt their Bitcoin holdings like they’re the latest designer handbags. 💼✨

Among the glitterati is Strategy, which is sitting pretty with a whopping 499,096 BTC – that’s over $41 billion, in case you were wondering. Other notable names include Marathon Digital (MARA), CleanSpark, and Riot Platforms. It’s like a corporate Bitcoin party, and everyone’s invited! 🎉

The ETF is structured to keep things spicy, with a 20% cap on the largest holdings. Companies with BTC between 1,000 and one-third of their balance sheet get a 1.5% weighting. Because who doesn’t love a little balance in their life? ⚖️

According to Bitwise President Teddy Fusaro, adding Bitcoin to the balance sheet is the new black. “Individuals have understood the Bitcoin standard for years,” he said, probably while sipping a fancy latte. “Now, corporations are finally catching on!” ☕️💡

And let’s not forget the cherry on top: this all comes under the watchful eye of U.S. President Donald Trump, who’s been rolling out crypto-friendly policies like they’re going out of style. It’s like a crypto buffet, and everyone’s digging in! 🍽️💵

So, get ready, because this ETF is about to make waves, attracting all the institutional investors who want a piece of the Bitcoin pie. Who knew finance could be this exciting? Or is it just me? 🤷‍♀️

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2025-03-11 19:49