SEC public announcements and Bitwise press releases

Bitwise Files for $5 Billion Bitcoin Standard Corporations ETF with SEC to Track Firms Holding 1,000+ BTC

Dec 27, 2024, 01:55 AM

Bitwise has filed with the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin Standard Corporations ETF. This fund aims to provide exposure to stocks of companies that have adopted what Bitwise defines as the 'bitcoin standard,' which requires firms to hold at least 1,000 bitcoins in their corporate treasury. The ETF will impose a cap of 25% on the weighting of any single company during quarterly rebalances. The initiative reflects a growing trend among corporations to integrate Bitcoin into their financial strategies, with companies like MicroStrategy leading the way. The filing is part of a broader movement in the financial sector, as firms increasingly recognize Bitcoin as a viable treasury asset.