Bitwise Files for New Bitcoin ETF! Institutional Bitcoin Bulls Line Up!

A new move came from Bitwise, a giant company that has spot Bitcoin and Ethereum ETFs in the US. Accordingly, Bitwise has made a new application to track the stocks of companies that hold at least 1K BTC.

Bitwise reported that it has filed an application with the US SEC for a Bitcoin Standard Corporations ETF, which aims to track the stock performance of companies with at least 1,000 Bitcoin in their corporate treasuries.

At this point, the Bitwise Bitcoin Standard Corporations ETF will invest in companies that hold at least 1,000 Bitcoin.

To be included in Bitwise’s ETF, companies holding Bitcoin must also have a market capitalization of at least $100 million, average daily liquidity of at least $1 million, and a free float ratio of less than 10 percent.

ETF Store president Nate Feraci shared a table on his X account showing which companies hold more than 1,000 BTC.

According to this table, MicroStrategy ranked first, followed by Marathon Digital, Riot, Hut8, Tesla and Coinbase.

Accordingly, companies on this list will be included in Bitwise's new Bitcoin Standard Company ETF.

As the cryptocurrency sector shows interest in being part of Bitwise’s new ETF, Marathon Digital CEO Fred Thiel said: “I think MARA will need to be included as we hold over 44,000 BTC in our treasury.”

Metaplanet CEO Simon Gerovich also stated that his company would be eligible for the new Bitcoin ETF, saying, “Metaplanet is a Bitcoin-standard company with at least 1000 BTC in its corporate treasury.”

Companies holding > 1,000 btc…

via @HODL15Capital

h/t @Roubini18 pic.twitter.com/E91ky56iEI

— Nate Geraci (@NateGeraci) December 27, 2024

*This is not investment advice.