Bitwise Launches OWNB ETF, Offering a Comprehensive Solution for Bitcoin Reserve Strategy Companies
ETF Issuer Bitwise Officially Launches “Bitwise Bitcoin Standard Corporations ETF” (Ticker: OWNB)
Bitwise has officially launched the “Bitwise Bitcoin Standard Corporations ETF,” trading under the ticker OWNB. This ETF specializes in investing in companies that adopt Bitcoin reserve strategies, including MicroStrategy, MARA Holdings, CleanSpark, Riot Platforms, Boyaa Interactive, Metaplanet, and Galaxy Digital. The holdings span various markets including the United States, Canada, Hong Kong, and Japan, providing investors with a one-stop purchasing service at a fee of 0.85%.
OWNB Specializes in Bitcoin Reserve Strategy Companies
Currently, over 70 companies have adopted the strategy (formerly known as MicroStrategy) of holding Bitcoin as a financial asset. According to the Federal Reserve, corporations hold $5 trillion in low-yield cash, with many recognizing the value of Bitcoin as a strategic reserve asset. Bitwise aims to capitalize on this trend by offering a basket of investments in Bitcoin reserve strategy companies, allowing investors to easily buy into multiple Bitcoin reserve strategy firms.
(78 Listed Companies Worldwide Compete to Follow MicroStrategy’s Example: What is the Bitcoin Reserve Strategy?)
“Bitcoin Standard” Stock Selection Strategy
The index aims to invest in companies that adopt the “Bitcoin Standard,” defined as companies that hold Bitcoin as a financial asset and meet the following criteria:
- Hold at least 1,000 Bitcoins.
- Market capitalization of at least $100 million.
- Minimum average daily liquidity of at least $1 million.
- Free float of less than 10%.
The index includes each qualifying stock that meets the criteria for size, liquidity, and free float. Then, based on specific diversification requirements, each selected stock is weighted according to the market value of the Bitcoin it holds, with a maximum weight cap of 25%. Any excess weight will be redistributed equally among the other component stocks.
This index does not directly invest in Bitcoin or its derivatives, but holds common stocks or depositary receipts of the aforementioned qualifying companies.
Which Companies Does OWNB Currently Invest In?
OWNB currently holds shares in: MicroStrategy, MARA Holdings, CleanSpark, Riot Platforms, Boyaa Interactive, Metaplanet, and Galaxy Digital. The holdings span various markets including the United States, Canada, Hong Kong, and Japan, providing investors with a one-stop purchasing service at a fee of 0.85%.
Previously, Chain News introduced how to use quantitative indicators to filter Bitcoin reserve strategy companies, as well as how to directly invest in overseas stocks through a complex commission trading system. Interested readers can refer to the following article links.
(Strategy Leads the Trend: A Comprehensive Guide to Investing in Bitcoin Reserve Strategy Companies)
(How to Invest in Overseas Bitcoin Reserve Strategy Companies? Is it Better to Open an Overseas Securities Account or a Complex Commission Account?)
Risk Warning
Investing in cryptocurrencies carries a high level of risk, with prices potentially fluctuating wildly, and you may lose your entire principal. Please assess risks cautiously.
