Bitwise files for ETF tracking firms with big Bitcoin treasuries
Bitwise has filed for an ETF that would invest in large market cap public companies with at least 1,000 Bitcoin on their balance sheets.
Exchange-traded fund (ETF) issuer Bitwise has filed to launch a new fund that would hold stocks of publicly traded companies that have significant Bitcoin holdings on their books.
The Bitwise Bitcoin Standard Corporations ETF would invest in companies “that have adopted the ‘Bitcoin standard’” and hold at least 1,000 Bitcoin (BTC) in their corporate treasuries, according to a Dec. 26 regulatory filing.
The Bitcoin-holding firms would also have to have a market capitalization of at least $100 million, a minimum average daily liquidity of at least $1 million, and a public free float of under 10% to be included in the ETF.
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Author: Jesse Coghlan
