Bitwise has proposed a new fund that would invest in publicly traded companies with at least 1,000 Bitcoin holdings.
Companies must have a market capitalization of at least $100 million, maintain an average daily liquidity of at least $1 million, and possess a public free float of at least 10% to qualify.
The proposed Bitcoin Standard Corporations ETF will assign weights to stocks primarily based on the value of a company’s Bitcoin holdings, distinguishing it from traditional ETFs that base weight on market capitalization.
Interest in Bitcoin-related investments is growing, prompting financial institutions to expand their offerings and investment firms to propose new ETFs focused on cryptocurrencies.