Bitwise Launches OWNB ETF to Target Bitcoin-Holding Corporations
A New Way to Invest in Bitcoin-Heavy Companies
On March 11, Bitwise Asset Management unveiled its latest investment product, the Bitwise Bitcoin Standard Corporations ETF (OWNB). This new ETF provides investors with exposure to publicly traded companies holding at least 1,000 BTC on their balance sheets, offering a diversified way to gain indirect exposure to Bitcoin.
OWNB follows the Bitwise Bitcoin Standard Corporations Index, which includes firms that have integrated Bitcoin as a strategic treasury reserve asset.
Why Companies Are Turning to Bitcoin
Bitwise’s Chief Investment Officer, Matt Hougan, highlighted the macroeconomic factors driving businesses toward Bitcoin:
"Companies hold trillions in cash while the U.S. government runs an annual deficit exceeding $2 trillion. As a result, many businesses see Bitcoin as a strategic reserve asset—liquid, scarce, and independent of government monetary policies."
Bitwise CEO Hunter Horsley noted that over 70 companies have already adopted Bitcoin as part of their treasury management strategy, following the lead of pioneers like Strategy (formerly MicroStrategy).
OWNB ETF Structure & Holdings
The fund follows strict selection criteria to ensure balanced exposure:
- No single company can account for more than 20% of the fund at rebalancing.
- Companies where Bitcoin represents less than 33% of total assets receive a default weighting of 1.5%.
At launch, the top holdings include:
📌 Strategy (formerly MicroStrategy) – 20.87% (499,096 BTC)
📌 Mara Holdings – 12.12%
📌 CleanSpark – 6.26%
📌 Riot Platforms – 6.23%
📌 Boyaa Interactive (China) – 5.75%
📌 Metaplanet (Japan) – 5.25%
📌 Aker ASA (Norway) – 4.63%
📌 Bitfarms – 4.30%
📌 BitFuFu – 4.03%
📌 Galaxy Digital – 3.99%
📌 Tesla – 1.27%
Implications for the Market
OWNB represents a major step forward in institutional adoption, allowing investors to indirectly gain exposure to Bitcoin’s growth while mitigating risks associated with direct crypto ownership.
With more corporations accumulating BTC in response to inflationary concerns, the fund positions itself as a key gateway for traditional investors looking to capitalize on Bitcoin’s rising role in global finance.
