Launches Bitcoin Standard Corporations ETF

Bitwise Asset Management has launched the Bitwise Bitcoin Standard Corporations ETF, trading under the ticker OWNB.

The exchange-traded fund is designed to expose investors to companies holding significant Bitcoin reserves as part of their corporate treasury strategies.

The ETF follows the Bitwise Bitcoin Standard Corporations Index, which tracks firms integrating Bitcoin into their financial holdings.

Bitwise ETF Targets Companies Using Bitcoin as a Treasury Reserve

According to Bitwise, the ETF aims to capitalize on the growing trend in which companies allocate some of their cash reserves to Bitcoin.

Matt Hougan, the company’s Chief Investment Officer, stated that businesses collectively hold trillions of dollars in cash while the U.S. government runs an annual deficit exceeding $2 trillion.

He explained that many firms now view Bitcoin as a strategic reserve asset that is both liquid and scarce.