Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Bitwise, Strive Launch ETFs Targeting Bitcoin-Heavy Firms

Bitwise, Strive Launch ETFs Targeting Bitcoin-Heavy Firms

Cryptotale2024/12/27 00:12
By: Mercy
BTC+1.88%
Bitwise, Strive Launch ETFs Targeting Bitcoin-Heavy Firms image 0
  • Bitwise files for ETF with a focus on companies that hold minimum 1000 BTC in their treasury.
  • The ETFs are assigned based on their Bitcoin reserve weight, rather than on market cap.
  • Vivek Ramaswamy’s Strive ETFs focus on Bitcoin bonds from firms like MicroStrategy.

Bitwise has proposed to launch a new exchange-traded fund (ETF) seeking companies with large Bitcoin reserves in their treasuries. The Bitwise Bitcoin Standard Corporations ETF is targeting firms that use the ‘Bitcoin standard’, which implies that they must have a minimum of 1,000 Bitcoins in their holdings. 

Nate Geraci, in his X post, stated that the BTC treasury operation virus is spreading and that Bitwise would own stocks of companies that have adopted the ‘Bitcoin standard.’ Further, the filing also stated that the firms should also have a market capital of $100 million, average daily trading volume of $1 million and a free float of less than 10%.

Unlike traditional ETFs that weigh holdings based on market capitalization fund, Bitwise would assign weight according to the market value of each company’s Bitcoin reserves, with a maximum weight of 25%. For example, despite Elon Musk’s Tesla having a $1.42 trillion market cap, its weightage in the ETF would be lesser than MicroStrategy. This is because MSTR holds about 444,262 BTC holdings, whereas Musk holds only about 9,720 BTC.

On the other hand, Strive, a firm founded by Vivek Ramaswamy in 2022, has filed for another ETF. Compared to Bitwise, Strive plans to create a Bitcoin ETF with investment in the convertible bonds with companies like MicroStrategy that utilize Bitcoin as part of their corporate strategy. 

These bonds are supposed to provide investors with an opportunity to invest in Bitcoin without investing directly in the cryptocurrency and Strive’s fund would be actively managed. Although the management fee has not been specified, it is stated that the actively managed funds are charged more than passive index funds. 

Notably, the Bitcoin ETFs idea has stemmed from MicroStrategy’s Bitcoin holdings. The founder, Michael Saylor, has been buying the crypto since 2020 and accumulates it at every given opportunity. Currently, the firm holds about $56 billion in Bitcoin. As the interest in cryptocurrencies continues to rise, crypto experts predicted that more crypto ETFs would be approved in 2025, with President-elect Donald Trump at the helm.

The post Bitwise, Strive Launch ETFs Targeting Bitcoin-Heavy Firms appeared first on CryptoTale.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Soros predicts an AI bubble: We live in a self-fulfilling market

The article uses Brian Armstrong's behavior during the Coinbase earnings call to vividly illustrate George Soros' "reflexivity theory," which posits that market prices can influence the actual value of assets. The article further explores how financial markets actively shape reality, using examples such as the corporate conglomerate boom, the 2008 financial crisis, and the current artificial intelligence bubble to explain the workings of feedback loops and their potential risks. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively improved.

MarsBit2025/11/05 15:06
In-depth Research Report on Perp DEX: Comprehensive Upgrade from Technological Breakthroughs to Ecosystem Competition

The Perp DEX sector has successfully passed the technology validation period and entered a new phase of ecosystem and model competition.

深潮2025/11/05 14:17
Space Review|Farewell to the Era of “Narrative Equals Hype”, TRON Rebuilds Market Confidence with Real Yields

As the crypto market shifts from “listening to stories” to “seeing results,” TRON demonstrates a feasible path through its solid ecosystem foundation and value circulation.

深潮2025/11/05 14:15

Trending news

More
1
Soros predicts an AI bubble: We live in a self-fulfilling market
2
In-depth Research Report on Perp DEX: Comprehensive Upgrade from Technological Breakthroughs to Ecosystem Competition

Crypto prices

More
Bitcoin
Bitcoin
BTC
$102,990.63
-1.53%
Ethereum
Ethereum
ETH
$3,346.03
-6.28%
Tether USDt
Tether USDt
USDT
$1
+0.01%
XRP
XRP
XRP
$2.26
-2.25%
BNB
BNB
BNB
$955.8
-0.70%
Solana
Solana
SOL
$158.46
-3.71%
USDC
USDC
USDC
$0.9999
+0.03%
TRON
TRON
TRX
$0.2873
+1.38%
Dogecoin
Dogecoin
DOGE
$0.1661
-0.73%
Cardano
Cardano
ADA
$0.5417
-1.58%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter