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Bitwise Proposes ETF Focused on Companies Holding Over 1,000 Bitcoin
Bitwise Asset Management has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) for a new exchange-traded fund (ETF), which focuses exclusively on companies that use over 1,000 Bitcoin as their reserve currency. The proposed fund, known as the Bitcoin Standard Corporations ETF, reflects growing concerns from corporations about incorporating digital assets into their financial management.
As reported by Crypto News Land, Bitwise’s latest proposal aims to track a new index that is specifically designed for large-cap companies that have publicly disclosed owning over 1,000 Bitcoin. This novel approach aligns with the increasing interest in cryptocurrency reserves and diversified investment strategies.
The proposed fund offers an innovative way for investors to gain exposure to the market while reducing risk by diversifying their portfolios across various sectors. By limiting its investments to only those companies that have demonstrated a significant commitment to Bitcoin, the ETF provides investors with a unique opportunity to participate in the growth potential of corporations embracing digital assets.
It is essential to note that any information provided on this website is not investment or financial advice, and readers are urged to do their own research before making any investment decisions.
Source: cryptonewsland.com
