Bitwise has proposed a new fund that would invest in publicly traded companies with at least 1,000 Bitcoin holdings.
To qualify, companies must have a market capitalization of at least $100 million, maintain an average daily liquidity of at least $1 million, and possess a public free float of at least 10%.
Bitwise, a leading manager of cryptocurrency index funds, has submitted a proposal for a new exchange-traded fund (ETF) that will focus on publicly traded companies with substantial Bitcoin reserves. In the filing dated December 26, Bitwise detailed the requirements for companies to be included in the fund. To qualify, a company must possess a minimum market capitalization of $100 million, average daily liquidity of at least $1 million, and hold over 1000 BTC.
The proposed Bitcoin Standard Corporations ETF will assign weights to stocks primarily based on the value of a company’s Bitcoin holdings, distinguishing it from traditional ETFs that base weight on market capitalization. To

Czytaj więcej

We współpracy z: https://www.crypto-news-flash.com/bitwise-to-launch-bitcoin-standard-etf-focusing-on-corporate-btc-holders/?utm_source=rss&utm_medium=rss&utm_campaign=bitwise-to-launch-bitcoin-standard-etf-focusing-on-corporate-btc-holders