0 reply
18 recasts
21 reactions
BITWISE PLANS “BITCOIN STANDARD COMPANY ETF” TO TARGET BTC-HEAVY FIRMS
- Bitwise filed an application with the SEC for the launch of its "Bitcoin Standard Corporations ETF".
- This ETF is designed to invest in companies holding substantial Bitcoin reserves.
Key Highlights:
Eligibility Criteria:
1. Firms must hold at least 1,000 BTC in reserves.
2. A minimum market cap of $100 million is required.
3.Daily liquidity must exceed $1 million.
4. Less than 10% of company stock should be privately held.
Unique Weighting Approach:
- Unlike conventional ETFs that prioritize market cap, this fund will weigh holdings based on the market value of Bitcoin treasuries, capped at 25% per firm.
- For instance, MicroStrategy’s 444,262 BTC treasury would carry more weight than Tesla’s 9,720 BTC, despite Tesla’s larger market cap.
- The move comes as Bitcoin hovers around $95,800, following its December peak of $108,000. 0 reply
0 recast
0 reaction
