PANews reported on March 11 that according to CoinDesk, Bitwise Invest launched the Bitwise Bitcoin Standard Corporations ETF (OWNB), an ETF designed to track public companies that hold at least 1,000 bitcoins. The index follows specific rules: companies must hold at least 1,000 BTC, and holdings are weighted according to the number of bitcoins held. The maximum holding is capped at 20%, while companies with less than 33% of their bitcoin assets are weighted at 1.5%. The index is rebalanced quarterly.

According to Bitwise, by the end of 2024, public companies will hold a total of 591,817 BTC. The ETF will trade on the NYSE Arca platform with an expense ratio of 0.85%. Bitwise has identified 70 public companies that currently hold Bitcoin on their balance sheets. The top three holdings of the ETF include Strategy (20.87%), MARA Holdings (12.12%), and CleanSpark (6.26%).