Bitwise’s New ETF: Bet on Bitcoin-Obsessed Companies!

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Bitwise, the world’s largest crypto index fund manager with $12 billion in client assets, has launched a new exchange-traded fund on the New York Stock Exchange. This fund, called the Bitwise Bitcoin Standard Corporations ETF, includes public companies holding at least 1,000 Bitcoin (BTC) in their corporate treasuries.

The ETF will feature major companies such as MicroStrategy, MARA Holdings, and CleanSpark. Other names in the index include Riot Platforms, Boyaa Interactive, and Mike Novogratz’s crypto bank Galaxy Digital. The index is rebalanced quarterly and weights holdings based on the amount of Bitcoin owned, with certain limits to ensure diversification.

“Companies are only getting started”

Bitwise CIO Matt Hougan commented on the launch, stating that the decision to include the mentioned companies was due to their perception of Bitcoin as “a strategic reserve asset that’s liquid and scarce — and not subject to the whims or money printing of any government.”

“We think companies are only getting started here, and this ETF gives investors exposure to innovative firms at the forefront of this trend.”

Matt Hougan

While the ETF will target Bitcoin maximalists, it won’t invest in Bitcoin directly or through derivatives. Instead, it will offer investors exposure to companies making significant moves in the crypto space. The launch comes just a few days after Bitwise announced another ETP product that combines Bitcoin and gold, dynamically adjusting allocations based on market conditions.

So, if you’re looking to invest in companies that can’t get enough of Bitcoin, this ETF might just be the ticket! 🤑🚀

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2025-03-11 17:42