Bitwise Expands Bitcoin Corporations ETF With New Additions

Bitwise Asset Management has announced the inclusion of two new companies, Fold Holdings and Bitdeer Technologies, into its Bitcoin Standard Corporations ETF (ticker: OWNB). This expansion reflects the growing trend of corporate adoption of Bitcoin as a treasury asset, bringing the total number of companies in the index to 22.

Key Takeaways

• Fold Holdings and Bitdeer Technologies are the latest additions to the Bitwise Bitcoin Standard Corporations ETF.

• The ETF now includes 22 companies holding over 648,000 BTC, valued at more than $54 billion.

• The index tracks companies that hold at least 1,000 BTC as treasury assets.
  
  

Overview of New Additions

Fold Holdings, based in Phoenix, Arizona, is known for its Bitcoin rewards debit cards and currently holds 1,485 BTC, valued at approximately $124 million. Bitdeer Technologies, a Nasdaq-listed Bitcoin mining firm, holds 1,090 BTC worth around $91 million. Their inclusion in the ETF signifies a commitment to integrating Bitcoin into their corporate strategies.

The Growing Bitcoin Corporations Index

The Bitwise Bitcoin Standard Corporations ETF aims to track companies that have adopted Bitcoin as a significant part of their treasury strategy. The index now comprises 22 firms, collectively holding over 648,000 BTC, which accounts for about 3.2% of Bitcoin's total supply. This growth highlights the increasing acceptance of Bitcoin among corporations as a strategic reserve asset.

Major Players in the Index

The top companies in the Bitwise index include:

1. Strategy (formerly MicroStrategy) - 506,137 BTC (22.64% index weight)

2. Marathon Digital Holdings (MARA) - 10.67% index weight

3. Riot Platforms - 10.04% index weight

4. Tesla - 11,509 BTC

5. Metaplanet - 3,350 BTC (5% index weight)

This diverse representation from various sectors underscores the growing trend of corporate Bitcoin adoption.

Investment Strategy and Market Impact

The Bitwise Bitcoin Standard Corporations ETF does not invest directly in Bitcoin or derivatives linked to it. Instead, it provides exposure to companies leveraging Bitcoin in their corporate strategies. This approach allows investors to engage with the cryptocurrency ecosystem while mitigating risks associated with direct Bitcoin investments.

As corporate adoption of Bitcoin continues to rise, the inclusion of Fold Holdings and Bitdeer Technologies in the ETF emphasizes the increasing integration of digital assets into mainstream financial practices. The ETF's performance and the companies' strategic moves will be closely watched as the market evolves in 2025 and beyond.

Sources

• Bitwise Adds Fold Holdings and Bitdeer to Bitcoin Index, NameCoinNews.

• Fold and Bitdeer Join MicroStrategy & Tesla In Bitwise Index Fund, CoinGape.

• Bitwise adds Fold and Bitdeer to Bitcoin Corporations ETF, Crypto News.

• Bitwise Index expands to 22 firms holding over $54B in Bitcoin, Traders Union.

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