Bitwise is preparing to launch a new Exchange-Traded Fund (ETF) targeting companies that use Bitcoin 
$63,937 as a corporate financial reserve. Named the Bitcoin Standard Company ETF, this fund will consist of leading companies that possess at least 1,000 Bitcoin and meet various financial criteria. Company executives believe this ETF will significantly impact the market.
Criteria for Bitwise’s New Bitcoin ETF
The new ETF offered by Bitwise will track companies that have adopted Bitcoin. According to the company’s application, at least 80% of the fund’s assets will be invested in companies included in the index. Companies wishing to join the index must maintain at least 1,000 Bitcoin in their corporate treasuries. Additionally, they are required to have a market capitalization of at least $100 million and average daily liquidity of no less than $1 million.
Target companies of the ETF include giants known for their Bitcoin holdings, such as MicroStrategy, Marathon Digital, Coinbase, and Tesla. Marathon Digital CEO Fred Thiel expressed, “I believe we should be included in the ETF since we have over 44,000 Bitcoin in our treasury.” Similarly, Metaplanet CEO Simon Gerovich highlighted that his company meets the criteria for a Bitcoin standard company.
Bitcoin Bond ETF and Market Expectations
On another note, Bitcoin ETF applications are not limited to company stocks. Strive Asset Management has applied to the SEC for a new ETF focusing on Bitcoin bonds. This ETF will consist of convertible bonds issued for the purpose of purchasing Bitcoin. Bloomberg ETF analyst Eric Balchunas stated, “This ETF will essentially be a fund tracking MicroStrategy’s Bitcoin bonds.”
Semler Scientific CEO Eric Semler predicts that holding Bitcoin on corporate balance sheets will soon become a necessity. This view aligns with MicroStrategy CEO Michael Saylor’s 21/21 strategy. The company proposed a significant financing plan to shareholders aimed at increasing Bitcoin assets.
Bitwise indicates that demand for Bitcoin and other altcoins will reach new heights by 2025. The new ETF is expected to provide a significant alternative for investors during a time of accelerating regulatory developments in the cryptocurrency market.
