Bitwise Asset Management has launched Bitwise Bitcoin Standard Corporations ETF (OWNB), a new investment product designed to provide exposure to companies holding significant Bitcoin reserves.
Bitwise Asset Management has launched a new exchange-traded fund (ETF) that provides exposure to corporations holding significant Bitcoin (BTC) reserves, according to a press release on Sunday.
The Bitwise Bitcoin Standard Corporations ETF (NYSE: OWNB) follows the Bitwise Bitcoin Standard Corporations Index, which includes firms that have integrated Bitcoin into their corporate treasuries.
The index aims to provide a comprehensive and diversified portfolio of publicly traded corporations in the US and other developed economies.
Highlighting the rationale behind corporate Bitcoin holdings, Bitwise CIO Matt Hougan explained that businesses hold trillions in cash while the US government runs an annual deficit exceeding $2 trillion.
As a result, many firms are turning to Bitcoin as a strategic reserve asset—liquid, scarce, and independent of government monetary policies.
Hougan added: “Companies perceive bitcoin as a strategic reserve asset that’s liquid and scarce—and not subject to the whims or money printing of any government. We think companies are only getting started here, and this ETF gives investors exposure to
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