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Bitwise Asset Management has started a new investment fund called the āBitcoin Standard Company ETFā. This fund focuses on companies that own a lot of Bitcoin and meet strict financial rules.
What Is This ETF About? š¦
The ETF is made for businesses that treat Bitcoin as a big part of their financial plans. To join, companies must meet these rules:
Own at least 1,000 Bitcoin.
Have a market value of $100 million or more.
Trade at least $1 million daily in stocks.
Make sure at least 10% of their shares are available for public trading.
These rules make sure only big and stable companies are included.
Which Companies Are Involved? š
Big Bitcoin holders like:
MicroStrategy: Owns 444,262 Bitcoins.
Tesla and Coinbase: Also expected to be part of the fund.
No single company can make up more than 25% of the ETF, keeping it balanced.
Why Is This ETF Special? š
The ETF offers:
1. Diverse Investments: Focuses on companies with strong Bitcoin reserves.
2. Stability: Includes only reliable, well-known companies.
Itās a safe way for investors to gain exposure to Bitcoin without directly buying the cryptocurrency.
Bitwise Expands Beyond Bitcoin šš
Bitwise is also growing in Europe:
They launched a Solana Staking ETP, allowing European investors to earn rewards by staking Solana.
In the U.S., investors face stricter rules, but European markets have more crypto investment options.
The Future of Crypto ETFs š
Other companies, like Strive Asset Management, are creating new crypto funds, such as a Bitcoin Bond ETF. Bitwiseās new fund shows its leadership in helping investors connect with Bitcoin-focused companies.
This ETF is a simple, stable way for people to invest in businesses that strongly support Bitcoin. š
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