Bitwise’s Bitcoin ETF Targets Companies Holding Over 1,000 BTC
Bitwise, the largest crypto asset manager globally, is set to launch the Bitcoin Standard Company ETF.
This ETF will track public companies holding Bitcoin as part of their corporate treasury strategy. The fund aims to allocate at least 80% of its assets to securities meeting strict inclusion criteria, such as:
A minimum holding of 1,000 Bitcoins.
Market capitalization of at least $100 million.
Average daily liquidity of $1 million.
A public float of at least 10%.
Companies like MicroStrategy, Marathon Digital, Coinbase, Tesla, Semler Scientific, and Metaplanet are expected to feature prominently in this ETF. Industry leaders have already expressed their enthusiasm, with CEOs like Fred Thiel of Marathon Digital emphasizing their eligibility due to substantial Bitcoin reserves.
Key Features of the ETF and Broader Implications
The ETF will offer investors exposure to Bitcoin indirectly by tracking companies using BTC as a reserve asset. This approach reflects the growing trend of businesses adopting Bitcoin for corporate balance sheets. Semler Scientific CEO Eric Semler highlighted this shift, predicting that companies without Bitcoin holdings may soon be seen as financially negligent.
Another significant development in the crypto-ETF space is Vivek Ramaswamy’s Strive Asset Management filing for a Bitcoin Bond ETF. This ETF would focus on convertible bonds issued to fund Bitcoin purchases, making MicroStrategy a central player. Bloomberg analyst Eric Balchunas remarked that the fund will largely act as a “MicroStrategy convertible bond ETF” until broader adoption.
Bitcoin’s Bullish Prospects
Bitwise remains optimistic about Bitcoin and top altcoins like Ethereum and Solana, projecting fresh all-time highs by 2025. Their confidence is driven by increasing corporate adoption and strong demand for digital assets, which continue to reshape traditional financial landscapes.
