Bitwise Launches ETF Targeting Companies with Bitcoin Treasury Reserves

Key Facts

In a move reflecting the growing institutional acceptance of digital assets as a cash hedge, Bitwise Asset Management has launched the Bitwise Bitcoin Standard Corporations ETF under the ticker OWNB. This new fund targets companies that maintain significant Bitcoin reserves within their balance sheets. According to reports, the ETF seeks to provide indirect exposure to the cryptocurrency by investing in entities that adopt the 'Bitcoin Standard' in their treasury management.

The launch comes as major corporations shift toward digital assets, with MicroStrategy and MARA Holdings being primary examples focused on by the fund. Compared to last year's performance, U.S.-listed companies have significantly increased their Bitcoin holdings, with MicroStrategy alone holding over 214,000 BTC as of its latest 2024 filings (Search Citation). This model allows investors to benefit from digital asset growth through traditional equities, mitigating the risks associated with direct custody.

Operationally, investors are monitoring the performance of related instruments like 0A7O.L, amid anticipation for the FOMC Minutes scheduled for May 20, 2026, which could impact risk appetite for tech and crypto assets. Additionally, U.S. Initial Jobless Claims data on May 21, 2026, will serve as a further catalyst for market liquidity flowing into these specialized ETFs.