Bitwise Launches Bitcoin Corporate Treasury ETF, Focusing on Companies Holding Large Amounts of Bitcoin

Odaily News Asset management company Bitwise announced the launch of the Bitcoin Corporate Treasury ETF (OWNB) on March 11, which tracks the Bitwise Bitcoin Standard Corporate Treasury Index and covers companies that hold at least 1,000 bitcoins. Its largest holdings include MicroStrategy (MSTR) and several bitcoin mining companies, such as Marathon Digital (MARA) and Riot Platforms (RIOT). Bitwise Chief Investment Officer Matt Hougan said that companies view Bitcoin as a highly liquid and scarce strategic reserve asset. As of March 11, the total amount of corporate Bitcoin holdings has exceeded US$54 billion. (Cointelegraph)