Bitwise recently announced the launch of an exchange-traded fund (ETF) focused on companies holding large Bitcoin treasuries. The ETF, named Bitwise Bitcoin Standard Corporations ETF (OWNB), tracks the Bitwise Bitcoin Standard Corporations Index, which includes companies with at least 1,000 Bitcoin in their corporate treasuries. This ETF is part of a trend of new investment products providing exposure to firms with significant Bitcoin holdings. Matt Hougan, Bitwise’s chief investment officer, emphasized that companies view Bitcoin as a strategic reserve asset due to its liquidity and scarcity, free from government interference. As of March 11, the ETF’s top holdings include companies like Strategy (MSTR), MARA Holdings (MARA), CleanSpark (CLSK), Riot Platforms (RIOT), Boyaa Interactive, and Galaxy Digital (GLXY). The index’s weightage is based on the amount of Bitcoin held, with the largest holding capped at 20%. In 2024, rising Bitcoin prices led to a surge in Strategy’s shares, prompting many other companies to accumulate Bitcoin treasuries. Corporate Bitcoin holdings now exceed $54 billion, with Strategy being the largest holder. Other asset managers, like Strive and REX Shares, are also introducing similar investment products focused on corporate Bitcoin treasuries. This move reflects the growing trend of companies and governments strategically holding Bitcoin as a valuable asset.