Coin-Turk 11 minutes ago
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Bitwise has launched a new exchange-traded fund (ETF) approved by the U.S. Securities and Exchange Commission, aiming to allow companies to hold Bitcoin 
$82,663 on their balance sheets. This product intends to provide investment opportunities in companies that include Bitcoin without directly purchasing cryptocurrency assets.
Purpose and Structure of the ETF
With this ETF, Bitwise strives to offer a familiar investment format that indirectly allows for crypto asset investments. The fund will operate using an index strategy that tracks companies with Bitcoin on their balance sheets, without adding Bitcoin directly to its portfolio.
Trading under the code name OWNB, the ETF requires participating companies to own at least 1,000 Bitcoin to be eligible for inclusion in the index. The investments of the companies in the index will be weighted according to the amount of Bitco…
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