Bitwise Asset Management has filed with the SEC to launch the Bitcoin Standard Corporations ETF, which will target public companies that hold a minimum of 1,000 Bitcoin in their corporate treasuries.
The ETF will differentiate itself by weighting its portfolio based on the size of companies' Bitcoin holdings rather than their market capitalization.
The proposed ETF will include equity securities from firms that meet specific criteria, including a minimum market capitalization of $100 million and daily liquidity of at least $1 million.
The ETF will undergo quarterly rebalancing to adapt to changes in the Bitcoin holdings of constituent companies.
The filing for the Bitcoin Standard Corporations ETF comes at a time when corporate interest in Bitcoin is on the rise. Bitwise already has an existing Bitcoin ETF, and the success of this fund demonstrates investor appetite for Bitcoin-related investment products.
The proposed ETF by Bitwise follows a similar submission by Strive, indicating a broader movement within the financial industry to create investment vehicles that cater to the increasing demand for Bitcoin exposure.