Bitwise has added Fold Holdings and Bitdeer Applied sciences to its Bitcoin Commonplace Companies Index (OWNB). These companies now be part of Technique, previously MicroStrategy, Elon Musk’s Tesla, and lots of others already profiled within the fund. This brings the variety of firms on the OWNB Index Fund to 22, with collective BTC holdings of greater than 648,000.
The Bitwise Bitcoin Company Index Fund
This crypto index and exchange-traded funds supplier introduced the newest improvement on X earlier as we speak. The information comes solely two weeks after OWNB went live with a give attention to firms with publicity to Bitcoin.
The index tracks high firms that maintain Bitcoin as treasury belongings of their stability sheets. In response to the asset administration agency, OWNB fund doesn’t immediately put money into Bitcoin however or not directly gives publicity to the coin via derivatives referencing BTC.
Bitwise Commonplace Companies ETF is likely one of the first within the ETF area of interest. The brand new ETF routinely assigns 1.5% weighting to firms with BTC holdings over 1,000 however lower than 33% of the proprietary belongings.
The Composition of the Bitwise OWNB Index Fund
The highest ten firms on this record are Technique, Bitcoin mining companies MARA Holdings and Riot Platform, Tesla, Cleanspark, Hut 8, Block Inc, Coinbase Trade, Boyaa Interactive, and Metaplanet.
Every firm holds a minimal of 1,000 BTC in its treasury. Technique elevated its holdings to 506,137 BTC price over $42 billion. It achieved this feat after it acquired 6,911 BTC for $584 million earlier this week. Tesla holds 11,509 BTC, Coinbase holds 6,885 BTC, and Cipher Mining has a minimal holding of 1.032 BTC.
With the quantity of BTC held, Technique’s holding provides it the very best weight within the Bitwise Commonplace Companies Index at 22.64%. MARA and Riot weightings of 10.67% and 10.04%, respectively, are barely 50% of that of the Michael Saylor-led enterprise intelligence and software program firm.
New entrants to the Bitwise Bitcoin Commonplace Companies Index!
The Bitwise Bitcoin Commonplace Companies ETF $OWNB seeks to trace an index of firms like $MSTR, $MARA, and $TSLA that maintain greater than 1000 BTC as a treasury asset. That index was simply reconstituted.
The… pic.twitter.com/cFXPf7EpLR
— Bitwise (@BitwiseInvest) March 25, 2025
Japanese monetary chief Metaplanet ranked fourth largest holding, weighing 5%. In the meantime, the agency’s collective Bitcoin holding represents 3.2% of the full provide of Bitcoin within the crypto market.
Market and the Crypto ETF Pursuit
The broader crypto trade has just lately seen a wave of ETFs, particularly given the pro-crypto stance of the President Donald Trump administration.
Bitwise is amongst the asset managers who constantly filed S-1 registration for some crypto-based ETFs. Within the first week of March, the agency submitted an S-1 submitting with the U.S. Securities and Trade Fee (SEC) for a brand new ETF focused on Aptos (APT).
Equally, CBOE just lately filed an S-1 registration statement on behalf of Constancy Investments to record Solana ETF. The US SEC has acknowledged a number of the filings for crypto ETFs previously. This means a attainable tilt towards approval.
Godfrey Benjamin
Benjamin Godfrey is a blockchain fanatic and journalists who relish writing about the true life purposes of blockchain know-how and improvements to drive normal acceptance and worldwide integration of the rising know-how. His needs to coach individuals about cryptocurrencies evokes his contributions to famend blockchain based mostly media and websites. Benjamin Godfrey is a lover of sports activities and agriculture.
Disclaimer: The introduced content material could embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability in your private monetary loss.
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