Bitwise Launches OWNB ETF to Track Corporate Bitcoin Holders
- Bitwise has launched the Bitwise Standard Corporations ETF, ticker OWNB, approved by the US SEC.
- The ETF tracks companies with at least 1,000 BTC on their balance sheets.
- Holdings are capped at a maximum of 20% ownership for diversification purposes.
- Index rebalancing occurs quarterly without direct or indirect investment in Bitcoin.
- Companies like Strategy, MARA Holdings, and Riot Platforms are included due to significant BTC holdings.
The Bitwise Standard Corporations ETF (OWNB) offers exposure to companies holding substantial Bitcoin reserves without directly investing in the cryptocurrency. The fund includes firms such as Strategy and MARA Holdings and rebalances quarterly to maintain diversification.
Source (2.6)https://coingape.com/bitwise-launches-ownb-etf-to-track-institutions-holding-bitcoin/?rand=24432
