Bitwise has announced plans for a new exchange-traded fund (ETF) aimed at investing in companies with substantial Bitcoin reserves. The proposed Bitwise Bitcoin Standard Corporations ETF will specifically target firms that adhere to the ‘Bitcoin standard’, meaning they hold a minimum of 1,000 Bitcoins in their treasuries. This move marks another step in merging traditional finance with cryptocurrency investments.
Nate Geraci highlighted this development in an X post, underscoring the growing interest in institutional investments related to Bitcoin. Alongside Bitwise, Strive is also launching an ETF concentrating on Bitcoin-heavy companies, indicating a trend where ETFs focus on crypto-centric business strategies.
These ETFs intend to capitalize on the increasing dependency some firms have on Bitcoin as a reserve asset, reflecting a shift in corporate financial strategies. Investors looking for exposure to companies deeply integrated with Bitcoin are the primary targets for these new financial instruments.
