New Bitwise ETF: Companies with at least 1,000 bitcoins in the balance sheet
- Bitwise puts on a Bitcoin Standard Corporations ETF that depicts listed companies with at least 1,000 BTC in their balance sheets.
- The ETF adapts the weighting of the companies quarterly and ensures diversification, with an upper limit of 20 % per company ensures a balanced commitment.
BitWise has with the introduction of the Bitwise Bitcoin Standard Corporations ETF (OWNB) again shaken the investment industry. The ETF is designed in such a way that it depicts listed companies that keep at least 1,000 bitcoin (BTC) in their balance sheets. With this step, Bitwise positions itself even more than before by offering options for investing in digital assets that are due to the growing institutional interest in Bitcoin.
Bitcoin in the balance sheet can become normal
It is known that numerous large companies begin to see Bitcoin as a reliable reserve asset. The decentralized character and the limited offer are attractive, especially for companies that want to protect their assets from inflationary pressure. Bitwise took up this trend and summarized it in an ETF that is open to both institutional and private investors.
With a maximum upper limit of 20 % for a single company to ensure diversification, OWNB weights the companies depending on the amount of Bitcoin that they own. Companies that have less than 33% of their assets in Bitcoin are automatically weighted at 1.5%.
The index is updated quarterly so that it continues to reflect the most relevant Bitcoin stocks on the market.
Great players behind the ETF
The three companies that had the largest proportion of this ETF were CllePark (6.26 %), Mara Holdings (12.12 %) and Strategy (20.87 %).
The increasing trust in Bitcoin as a long -term asset class is reflected in the fact that the recent statistics show that public companies together have more than 591,817 BTC. The ETF is traded on the NYSE Arca and has a cost rate of 0.85 %.
BitWise begins new EU cooperations
How CNF reportedBitwise has recorded the trade with the BTCG (Bitwise Diaman Bitcoin & Gold ETP), which is now being traded on the Euronext Paris and Amsterdam.
With a dynamic allocation approach that is tailored to the market situation, this product offers European investors engagement in Bitcoin and gold in one package. The ETP is calculated on the basis of the ulcer index, which measures the price volatility and depth of market losses.
This step shows Bitwise’s approach to develop investment products that can be better adapted to the requirements of investors in different areas and offer more flexibility. BitWise has also received a partnership with Maple Finance to offer institutional customers more security and open access to on-chain loans and defi investment options.
Bitwise is investing $ 70 million in financial innovations
Previously, Bitwise had raised $ 70 million in a round led by Electric Capital to accelerate the development of his financial products. Massage, Highland Capital and the investment management company were also involved.
The money is used to improve the company’s balance sheet and accelerate the development of investments that include beta, alpha and other on-chain applications.
At the editorial deadline, the BTC course was $ 81,403.44-an increase of 1.48% in the last 24 hours. The market capitalization rose to over $ 1.6 trillion.
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