ETF issuer Bitwise officially launches the “Bitwise Bitcoin Standard Corporations ETF” (Bitwise Bitcoin Standard Corporations ETF), trading under the symbol OWNB.
OWNB specializes in investing in companies that adopt Bitcoin reserve strategies, including Microstrategy (Strategy), MARA Holdings, CleanSpark, Riot Platforms, Boyaa Interactive, Metaplanet, and Galaxy Digital. The holdings span different markets including the United States, Canada, Hong Kong, and Japan, providing investors with a one-stop purchasing service at a fee of 0.85%.
OWNB focuses exclusively on Bitcoin reserve strategy companies
Currently, over 70 companies have adopted the Strategy (formerly known as Microstrategy) approach to hold Bitcoin as a corporate financial asset. According to the Federal Reserve, businesses currently hold $5 trillion in low-yield cash, and many are recognizing the value of Bitcoin as a strategic reserve asset. Bitwise is targeting this trend by offering a basket of investments in Bitcoin reserve strategy companies, allowing investors to easily buy into multiple Bitcoin reserve strategy companies.
(78 listed companies worldwide are competing to follow Microstrategy (Strategy), what is a Bitcoin reserve strategy?)
“Bitcoin Standard” stock selection strategy
The index aims to invest in companies that adopt the “Bitcoin Standard,” referring to those that hold Bitcoin as a corporate financial asset and meet the following criteria:
- Hold at least 1,000 Bitcoins.
- Market capitalization of at least $100 million.
- Minimum average daily liquidity of at least $1 million.
- Free float less than 10%.
The index selects each qualified stock that meets the scale, liquidity, and free float requirements. Then, based on specific diversification requirements, each selected stock is weighted according to the market value of the Bitcoin it holds, with a maximum weight cap of 25%. Any excess weight will be redistributed equally among other constituent stocks.
This index does not directly invest in Bitcoin or its derivatives but holds common stocks or depositary receipts of companies that meet the above conditions.
Which companies does OWNB currently invest in?
OWNB currently holds shares in: Microstrategy (Strategy), MARA Holdings, CleanSpark, Riot Platforms, Boyaa Interactive, Metaplanet, Galaxy Digital, and more. The holdings span different markets including the United States, Canada, Hong Kong, and Japan, providing investors with a one-stop purchasing service at a fee of 0.85%.
Previously, Chain News also introduced how to use quantitative indicators to filter Bitcoin reserve strategy companies, and how to invest directly in overseas stocks through proxy trading. Interested readers can refer to the following article links.
- (Strategy leads the trend, a detailed guide to investing in Bitcoin reserve strategy companies)
- (How to invest in overseas Bitcoin reserve strategy companies? Is it better to open an overseas securities account or a proxy account?)
Risk Disclaimer
Investing in cryptocurrencies carries a high risk, and their prices may fluctuate dramatically. You may lose your entire principal. Please assess the risks carefully.