Bitwise Launches ETF Tracking Companies Holding Bitcoin

# Bitwise Launches ETF Tracking Bitcoin-Holding Companies Bitwise has launched a new exchange-traded fund (ETF) that tracks companies holding Bitcoin, as reported by CoinGape on October 12. Instead of investing directly in Bitcoin, this ETF provides exposure to companies that include Bitcoin on their balance sheets. Bitwise received approval from the U.S. Securities and Exchange Commission (SEC) for the "Bitwise Standard Corporations ETF," which trades under the ticker "OWNB". This fund operates based on an index composed of companies holding a minimum of 1,000 BTC. Each company in the index is weighted by the amount of Bitcoin it holds, with a cap of 20% to ensure diversification. The ETF recalibrates its index quarterly and does not invest directly or indirectly in Bitcoin. The launch comes amid a backdrop of waning investor interest and continued capital outflows from the Bitcoin ETF market. # Strategy and Major Constituents The Bitwise ETF tracks companies with significant Bitcoin holdings, including Strategy, MARA Holdings, Clean Spark, Riot Platforms, and Boyaa Interactive. "OWNB offers investors access to forward-looking companies in a familiar ETF format," said Bitwise. Currently, over 70 publicly traded companies hold a combined total of more than 650,000 BTC, with Strategy targeting $21 billion for additional Bitcoin purchases. Meanwhile, Bitwise has filed S-1 documentation for an Aptos ETF, is developing on-chain credit products in collaboration with Maple Finance, and has pledged to donate to open-source Bitcoin development while preparing to launch a Dogecoin ETF.