In a world where the digital currency reigns supreme, Bitwise has made a rather audacious announcement. The Bitcoin Standard Corporations Index, that hallowed ground of financial ambition, has welcomed two new contenders into its fold—Fold Holdings and Bitdeer Technologies. Yes, you heard it right! 🎉
Bitwise Investments, the self-proclaimed oracle of crypto indices and exchange-traded funds, has decided to sprinkle some fresh faces into the Bitwise Bitcoin (BTC) Standard Corporations ETF. This revelation was shared with the world via a post on X, dated March 25, 2025. Because, of course, nothing says “serious investment” like a tweet! 🐦
New additions to the fund
Fold Holdings, hailing from the sun-soaked streets of Phoenix, is a Bitcoin financial services firm that emerged from the shadows in 2019. Meanwhile, Bitdeer Technologies, a Nasdaq-listed Bitcoin miner, is busy digging for digital gold across the United States, Norway, and even Bhutan. Yes, Bhutan! Because why not mine Bitcoin in a country known for its happiness? 😄
With these two new additions, the ETF, which trades under the ticker OWNB (a name that sounds suspiciously like a bird’s call), now boasts a total of 22 companies that have at least 1,000 BTC nestled in their treasuries. A veritable treasure trove of digital currency! 💰
“The fund does not invest directly in bitcoin or indirectly through derivatives that reference bitcoin,” Bitwise noted, as if trying to convince us that they’re not just playing a game of financial charades.
According to the wise sages at Bitwise, this index tracks the notable companies that have Bitcoin as their treasury assets. Among them are the likes of Michael Saylor’s Strategy, the bitcoin mining firm MARA Holdings, and the ever-controversial Elon Musk’s Tesla. Because nothing screams stability like a car company that tweets! 🚗💨
The top 10 companies in the ETF also include Riot Platforms, Metaplanet, and Semler Scientific. Metaplanet, in particular, has been on a Bitcoin-buying spree, hoarding 3,350 BTC like a dragon with its gold. Their strategy mirrors that of Strategy, formerly known as MicroStrategy. Talk about a name change that’s as subtle as a sledgehammer! 🔨
With OWNB now boasting 22 companies, the ETF collectively holds more than 648,000 BTC, valued at over $54 billion. That’s about 3.2% of the total Bitcoin supply, which is a staggering amount unless you’re a central bank, in which case, it’s just a Tuesday. 📅
Notably, Strategy holds a jaw-dropping 506,137 BTC, acquired for over $33.7 billion as of March 25, giving it the highest weight in the Bitwise Standard Corporations Index at 22.64%. MARA and Riot follow closely behind with weightings of 10.67% and 10.04%, respectively. It’s like a financial Hunger Games, but with less bloodshed and more spreadsheets! 📊
Metaplanet, meanwhile, is weighted at 5%, ranking as the fourth largest holding. Per Bitwise’s OWNB website, Fold holds 1,485 BTC worth roughly $130 million, while Bitdeer holds 1,039 BTC worth about $92 million. Just another day in the life of Bitcoin billionaires! 💸
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2025-03-25 19:35