Bitwise Launches ETF Tracking Firms With Large BTC Holdings

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Bitwise Asset Management has introduced the Bitwise Bitcoin Standard Corporations ETF, trading under the ticker OWNB.

This exchange-traded fund provides investors access to companies with substantial Bitcoin reserves in their corporate treasuries.

The ETF tracks the Bitwise Bitcoin Standard Corporations Index, focusing on firms integrating Bitcoin into their financial strategies. Bitwise aims to leverage the increasing trend of companies allocating cash reserves to Bitcoin.

According to Matt Hougan, Bitwise’s Chief Investment Officer, businesses hold trillions in cash, while the US government runs a significant annual deficit. He explained that many companies now view Bitcoin as a strategic, liquid, and scarce reserve asset, independent of government monetary policies.