Bitwise has proposed a new exchange-traded fund that specifically focuses on companies that hold over 1000 BTC in their corporate treasuries.
The fund, called the Bitcoin Standard Corporations ETF, would invest in stocks, depositary receipts, tracking stocks, and other equity units of publicly traded firms that have adopted the “Bitcoin standard” by holding at least 1,000 BTC.
These companies must have a market capitalization of at least $100 million, average daily liquidity of $1 million, and a public free float of under 10%.
The weighting of the ETF will be based on the market value of each company’s Bitcoin holdings, rather than its overall market capitalization. Bitwise will use quarterly and annual corporate reports to assess these criteria.
