Bitwise has added Fold Holdings and Bitdeer Technologies to its Bitcoin Standard Corporations Index (OWNB). These companies now be part of Strategy, previously MicroStrategy, Elon Musk’s Tesla, and many others already profiled within the fund. This brings the variety of firms on the OWNB Index Fund to 22, with collective BTC holdings of greater than 648,000.
The Bitwise Bitcoin Corporation Index Fund
This crypto index and exchange-traded funds supplier introduced the newest growth on X earlier in the present day. The information comes solely two weeks after OWNB went live with a deal with firms with publicity to Bitcoin.
The index tracks prime firms that maintain Bitcoin as treasury property of their stability sheets. According to the asset administration agency, OWNB fund doesn’t immediately spend money on Bitcoin however or not directly presents publicity to the coin by way of derivatives referencing BTC.
Bitwise Standard Corporations ETF is without doubt one of the first within the ETF area of interest. The new ETF routinely assigns 1.5% weighting to companies with BTC holdings over 1,000 however lower than 33% of the proprietary property.
The Composition of the Bitwise OWNB Index Fund
The prime ten firms on this checklist are Strategy, Bitcoin mining companies MARA Holdings and Riot Platform, Tesla, Cleanspark, Hut 8, Block Inc, Coinbase Exchange, Boyaa Interactive, and Metaplanet.
Each firm holds a minimal of 1,000 BTC in its treasury. Strategy elevated its holdings to 506,137 BTC value over $42 billion. It achieved this feat after it acquired 6,911 BTC for $584 million earlier this week. Tesla holds 11,509 BTC, Coinbase holds 6,885 BTC, and Cipher Mining has a minimal holding of 1.032 BTC.
With the quantity of BTC held, Strategy’s holding offers it the best weight within the Bitwise Standard Corporations Index at 22.64%. MARA and Riot weightings of 10.67% and 10.04%, respectively, are barely 50% of that of the Michael Saylor-led enterprise intelligence and software program firm.
New entrants to the Bitwise Bitcoin Standard Corporations Index!
The Bitwise Bitcoin Standard Corporations ETF $OWNB seeks to trace an index of firms like $MSTR, $MARA, and $TSLA that maintain greater than 1000 BTC as a treasury asset. That index was simply reconstituted.
The… pic.twitter.com/cFXPf7EpLR
— Bitwise (@BitwiseInvest) March 25, 2025
Japanese monetary chief Metaplanet ranked fourth largest holding, weighing 5%. Meanwhile, the agency’s collective Bitcoin holding represents 3.2% of the whole provide of Bitcoin within the crypto market.
Market and the Crypto ETF Pursuit
The broader crypto business has lately seen a wave of ETFs, particularly given the pro-crypto stance of the President Donald Trump administration.
Bitwise is amongst the asset managers who persistently filed S-1 registration for some crypto-based ETFs. In the primary week of March, the agency submitted an S-1 submitting with the U.S. Securities and Exchange Commission (SEC) for a brand new ETF focused on Aptos (APT).
Similarly, CBOE lately filed an S-1 registration statement on behalf of Fidelity Investments to checklist Solana ETF. The US SEC has acknowledged a few of the filings for crypto ETFs previously. This suggests a attainable tilt towards approval.
Godfrey Benjamin
Benjamin Godfrey is a blockchain fanatic and journalists who relish writing about the true life functions of blockchain know-how and improvements to drive common acceptance and worldwide integration of the rising know-how. His wishes to coach folks about cryptocurrencies evokes his contributions to famend blockchain primarily based media and websites. Benjamin Godfrey is a lover of sports activities and agriculture.
Disclaimer: The introduced content material might embody the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any duty in your private monetary loss.
