Bitwise files for a Bitcoin Standard ETF to track companies holding over 1,000 BTC. Learn how this ETF could impact crypto investment strategies.
Bitwise Files Bitcoin Standard ETF Prospectus
Bitwise, one of the largest cryptocurrency and ETF managers in the U.S., has submitted a proposal to launch the Bitcoin Standard Corporations ETF. The ETF aims to track the performance of publicly traded companies holding at least 1,000 BTC in their corporate treasuries.
Nate Geraci, president of the ETF Store, first announced the filing on social media, highlighting growing interest in companies adopting bitcoin as a reserve asset.
How the Bitcoin Standard ETF Works
According to the filed prospectus, the Bitcoin Standard Corporations ETF would invest at least 80% of its net assets in the shares of companies meeting the minimum bitcoin holdings requirement. This provides a simplified pathway for investors to gain exposure to these businesses without purchasing individual stocks.
Eligible companies include industry leaders such as MicroStrategy, Tesla, Marathon, Riot, and Coinbase, among others. MicroStrategy, the largest holder, owns over 444,000 BTC.
Demand for a Bitcoin Reserve ETF
Geraci predicted the emergence of such an ETF, stating, “Only a matter of time until there’s a filing for an ETF like this. Just need the universe of companies to expand.”
The number of companies eligible for inclusion remains limited, but the growing trend of bitcoin adoption among public firms suggests significant long-term potential.
Competitors in the Bitcoin ETF Space
Bitwise is not the only firm seeking to capitalize on this trend. Vivek Ramaswamy’s Strive recently filed for a similar ETF designed to hedge against inflation, geopolitical tensions, and the global fiat debt crisis by leveraging bitcoin-focused investments.
Implications for Investors and the Crypto Industry
If approved, the Bitcoin Standard Corporations ETF could reshape crypto investment strategies, offering a convenient and diversified method for gaining exposure to bitcoin-holding companies.
This move also highlights the increasing acceptance of bitcoin as a corporate reserve asset, solidifying its role in global financial markets.
Stay updated on the latest developments in the Bitcoin Standard ETF proposal and its potential impact on cryptocurrency investment strategies. Follow trusted financial news sources for ongoing updates.
