New Bitwise ETF Targets Bitcoin-Heavy Firms Like MicroStrategy and MARA

Bitwise has launched a new Bitcoin Standard Corporations ETF aimed at giving investors the opportunity to invest in companies that hold at least 1,000 Bitcoin in their corporate treasuries. The Bitwise Bitcoin Standard Corporations ETF will be available on the New York Stock Exchange, allowing investors to gain exposure to public companies that are stacking significant amounts of Bitcoin as part of their corporate strategy.

The ETF will initially include 10 holdings, featuring prominent companies such as MicroStrategy, MARA Holdings, and CleanSpark, with other notable names including Riot Platforms, Boyaa Interactive, and Galaxy Digital, the crypto bank led by Mike Novogratz. The ETF will be rebalanced quarterly, with weights assigned based on the amount of Bitcoin each company holds, although certain limits will be applied to ensure diversification across the index.

In a press release on March 11, Matt Hougan, Chief Investment Officer at Bitwise, explained the rationale behind the ETF’s creation. The companies selected for inclusion were chosen because they view Bitcoin as a strategic reserve asset, appreciating its scarcity, liquidity, and independence from traditional monetary systems and government control. Hougan believes that these companies are only beginning to realize the potential of Bitcoin in their corporate strategies.

The ETF does not directly invest in Bitcoin or its derivatives; instead, it targets firms that are at the forefront of the Bitcoin trend and are making significant moves in the cryptocurrency space. This launch follows closely behind Bitwise’s announcement of another ETP (Exchange-Traded Product) that combines Bitcoin and gold, which dynamically adjusts its allocation based on market conditions. This new product, Bitwise Diaman Bitcoin & Gold ETP, is available on Euronext Paris and Amsterdam.

Bitwise, the world’s largest crypto index fund manager with $12 billion in client assets, is positioning itself as a key player in offering traditional financial markets innovative ways to gain exposure to digital assets.