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New Bitwise ETF Focuses on Companies Holding Bitcoin
On Tuesday, Bitwise expanded its selection of crypto-focused ETFs with the release of the Bitwise Bitcoin Standard Corporations ETF (OWNB). OWNB seeks to generate corresponding results to that of the Bitwise Bitcoin Standard Corporations Index. The fund has a net expense ratio of 85 basis points. Bitwise’s index focuses on companies that hold a significant amount of bitcoin. In particular, the index targets firms that have at least 1,000 bitcoin within their balance sheets. “A lot of people wonder: Why do companies buy and hold bitcoin? The answer is simple: For the exact same reasons people do,” noted Bitwise ... (full story)
