The crypto industry’s optimism remains unbroken following Donald Trump‘s election victory. ETF powerhouse Bitwise takes the next step in crypto finance, filing for an ETF that tracks firms with substantial Bitcoin holdings. Dubbed the Bitwise Bitcoin Standard Corporations ETF, the fund will focus on companies like MicroStrategy that have embraced the “Bitcoin standard.”
Key Points
- Fund Focus: Targets publicly traded firms holding 1,000+ BTC in treasury.
- Eligibility Criteria: Market cap ≥ $100M, average daily liquidity ≥ $1M, and ≤ 10% free float.
- Weighting Strategy: Prioritizes BTC treasury value with a 25% cap per company.
- MicroStrategy in the Spotlight: MicroStrategy’s BTC-heavy strategy could make it a dominant player in the ETF, outshining companies like Tesla.
Short Narrative
Bitwise is making headlines with its SEC filing to launch an ETF that tracks publicly traded companies deeply invested in Bitcoin. Dubbed the Bitcoin Standard Corporations ETF, the fund is designed to spotlight firms that have embedded Bitcoin into their core strategy, requiring them to hold at least 1,000 BTC in treasury. The weighting strategy ensures these companies are ranked by their BTC holdings rather than sheer market cap.
Unsurprisingly, MicroStrategy — the corporate leader in Bitcoin investment — takes center stage in this ETF. With a staggering 152,800 BTC (worth over $4.5 billion) as of its latest filings, the firm has leveraged Bitcoin as a central pillar of its treasury strategy. While MicroStrategy’s market cap is a modest $83.5 billion, its Bitcoin-centric model aligns perfectly with Bitwise’s vision, outshining giants like Tesla in this specific ETF.
Actionable Insight
This ETF could offer investors a unique way to bet on Bitcoin without directly owning the asset. It also underscores a growing trend of companies adopting Bitcoin as a reserve asset — a strategy pioneered by MicroStrategy’s Michael Saylor. As the SEC deliberates, keep a close eye on regulatory updates and the performance of Bitcoin-treasury-heavy firms.
Call for Information
Do you have insights into Bitwise’s ETF strategy or intel on other Bitcoin-rich corporations eyeing similar financial innovations? Share your tips anonymously via Whistle42.com!
