Bitwise Asset Management is taking on a more aggressive stance on Bitcoin (CRYPTO: BTC). The company filed for an ETF on Dec. 26 with a strategy to focus on business companies significantly exposed to Bitcoin.
The companies in question are firms holding more than 1,000 Bitcoin and have strong liquidity and trade volume. The catch is, instead of solely being concerned with the size of the companies, the ETF will be based on the amount of Bitcoin a company has, but no more than 25% for one company.
The submission of the Bitwise Bitcoin Standard Corporations ETF, which was originally intended to focus on firms holding large reserves of Bitcoin — such as MicroStrategy and Tesla — …Full story available on Benzinga.com
Bitwise’s Bold Approach: New ETF Targets Bitcoin Powerhouses As Institutional Adoption Soars
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