Bitwise has announced its intention to launch an ETF that would track public companies complying with the “Bitcoin standard.” This fund, called the Bitcoin Standard Corporations ETF, would focus on companies that hold at least 1,000 BTC in their balance sheets.
The creation of this ETF reflects the growing interest in Bitcoin investment products, and Bitwise aims to offer investors a more diverse way of investing in companies that have adopted crypto.
The fund will follow strict criteria, such as a market capitalization of at least $100 million, daily trading liquidity of $1 million or more, and less than 10% privately held stock.
The index of the fund will be updated quarterly, with weight given to companies based on their Bitcoin holdings. The maximum weight a single company can have is 25%, to ensure a balanced exposure. Currently, 30 companies worldwide meet these standards, including MicroStrategy, MARA, Riot, and Hut 8.
