Bitwise’s New Bitcoin ETF To Track Companies Like MicroStrategy, Metaplanet

Highlights

The new Bitwise Bitcoin ETF will include companies with a minimum of 1,000 BTC holdings, a $100 million market cap, and a $1 million daily liquidity.
The ETF will allocate at least 80% of its assets to securities comprising the index.
Vivek Ramaswamy's Strive Asset Management has filed for a Bitcoin Bond ETF to track convertible bonds issued for BTC purchases.
Bitwise is optimistic about Bitcoin and major altcoins like Ethereum and Solana reaching new all-time highs by 2025.

Bitwise, the world’s largest crypto asset manager is planning the launch of a Bitcoin Standard Company ETF that holds BTC as part of their corporate financial reserves. Thus, top market public-listed firms like MicroStrategy, Marathon Digital, Coinbase, Semler Scientific, Metaplanet, and others would be part of this index. For its new Bitcoin ETF, the asset manager has set minimum criteria such as 1,000+ BTC holdings, and more.

Here’s What Bitwise Bitcoin Standard Company ETF Will Offer

Bitwise Asset Manager has announced a new Bitcoin ETF investment fund tracking companies that adopt the Bitcoin standard via corporate treasury holdings. In its filing prospectus, the firm said that the fund will invest at least 80% of its assets in securities that comprise the index.

This will include top Bitcoin holding companies like MicroStrategy (MSTR), Marathon Digital (MARA), Coinbase (COIN), Tesla (TSLA), Semler Scientific (SMLR), Metaplanet (MTPLF) and others. However, to qualify for the inclusion in the index, the company has put some key criteria:

Hold a minimum of 1,000 Bitcoins in their corporate treasury.
Maintain a market capitalization of at least $100 million.
Have a minimum average daily liquidity of $1 million.
Maintain a public-free float of at least 10%.

Below is the list of the companies that could be part of the new Bitcoin Standard Company ETF from Bitwise.

Industry leaders have shown interest in being part of the new investment fund from Bitwise. Marathon Digital CEO Fred Thiel stated: ” I assume MARA would have to be included as we hold over 44,000 BTC in our treasury”. Similarly, Metaplanet CEO Simon Gerovich also stated that his company would qualify for the new Bitcoin ETF adding: “Metaplanet is a Bitcoin standard company with at least 1000 BTC in its corporate treasury”.

On the other hand, Semler Scientific CEO Eric Semler recently stated: “In the near future, I predict it will be considered IRRESPONSIBLE for public companies not to own Bitcoin on their balance sheets”.

MicroStrategy Also Part of Bitcoin Bonds ETF

In another development, Vivek Ramaswamy’s Strive Asset Management has filed for a Bitcoin Bond ETF with the US SEC. The ETF aims to provide exposure to “Bitcoin Bonds,” defined as convertible securities issued by MicroStrategy or other companies intending to allocate all or a substantial portion of the proceeds toward purchasing Bitcoin, as per the SEC filing. This development, amid the latest development from Bitwise, has further fueled market optimism.

However, commenting on Strive Asset Management’s development, Bloomberg’s senior ETF analyst Eric Balchunas stated:

“Vivek’s ETF company has filed for a Bitcoin Bond ETF that will track (using swaps) convertible bonds issued for the purpose of buying Bitcoin- so essentially it’s a Microstrategy convertible bond ETF until other firms do the same”.

Over the last four years, MicroStrategy has been raising funds through the issuance of equity and convertible bonds. Earlier this week, MicroStrategy’s Michael Saylor called for a special shareholders meeting for voting on the company’s 21/21 plan, a proposal to secure $21 billion through equity financing and an additional $21 billion through bond issuance over the next three years, and further expand its Bitcoin holdings.

Citing strong demand for Bitcoin in the market, Bitwise remains confident that BTC and top altcoins like Ethereum, and Solana will hit fresh all-time highs in 2025.

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Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets.   He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

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