Bitwise Asset Management has launched Bitwise Bitcoin Standard Corporations ETF (OWNB), a new investment product designed to provide exposure to companies holding significant Bitcoin reserves.
According to a March 11 statement, the ETF follows the Bitwise Bitcoin Standard Corporations Index, which includes firms that have integrated Bitcoin into their corporate treasuries.
Bitwise CIO Matt Hougan highlighted the rationale behind corporate Bitcoin holdings. He pointed out that businesses hold trillions in cash while the US government runs an annual deficit exceeding $2 trillion.
As a result, many firms view Bitcoin as a strategic reserve asset—liquid, scarce, and independent of government monetary policies.
Hougan said:
“Companies perceive bitcoin as a strategic reserve asset that’s liquid and scarce—and not subject to the whims or money printing of any government. We think companies are only getting started here, and this ETF gives investors exposure to innovative firms at the forefront of this trend.”
On the other hand, Bitwise CEO Hunter Horsley pointed out that several firms are now following the blueprint set by Strategy and Michael Saylor, with over 70 companies now holding Bitcoin as part of their treasury strategy.
OWNB
According to the statement, companies must hold at least 1,000 BTC to qualify for inclusion. The index weights holdings based on Bitcoin ownership while ensuring diversification.
Bitwise explained that no single company can account for more than 20% at rebalancing, and firms where Bitcoin represents less than 33% of total assets receive an automatic 1.5% weighting.
At launch, Strategy held the largest index share at 20.87%, reflecting its aggressive Bitcoin accumulation strategy.
MARA Holdings, a Bitcoin mining firm, accounted for 12.12%, while CleanSpark and Riot Platforms, both focused on energy-efficient Bitcoin mining, represented 6.26% and 6.23%, respectively.
Meanwhile, Asia-based firms are not excluded, with China’s gaming giant Boyaa Interactive at 5.75% and Metaplanet, a Japanese company with 5.25% exposure.
Additionally, Aker ASA, a Norwegian industrial investment firm, made up 4.63% of the index, while Bitcoin mining operations Bitfarms and BitFuFu had 4.30% and 4.03%, respectively. The financial services company Galaxy Digital rounded out the top holdings with 3.99%.
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