The post Bitwise Adds Bitcoin Giants To ETF—What’s The Endgame Here? appeared on BitcoinEthereumNews.com.

Bitwise Investments expanded its Bitcoin Standard Corporations ETF (OWNB ETF) by adding Fold Holdings and Bitdeer Technologies. The latest modifications have expanded the OWNB ETF to contain 22 firms that maintain over 1,000 BTC each. Bitwise continues its initiative to support businesses with significant Bitcoin reserves through recent changes to their Bitcoin Standard Corporations ETF. The ETF now includes various companies that mine Bitcoin and maintain it as part of their treasury. Because of the latest corporate additions, the ETF possesses 648,000 BTC equivalents, currently worth above $54 Billion. Bitwise made public its new company additions on March 25 to prove its dedication to monitoring large Bitcoin-related organizations. The fund maintains that it does not purchase Bitcoin directly or through derivatives at any point. Instead, it uses its capital to purchase firms with Bitcoin-based assets listed on their corporate records. Through these corporate asset holdings, the fund gives users exposure to Bitcoin without the need to trade it directly. Fold Holdings Joins ETF with $130M in Bitcoin Fold Holdings joined the ETF after it achieved the achievement of owning more than 1,000 BTC as a Phoenix-based financial services company. The company’s 1,485 BTC portfolios, worth $130 Million, meet the eligibility requirements set by the ETF. Since its establishment in 2019, Fold has developed Bitcoin-based financial solutions, including payment services. Its acceptance has created a significant development, demonstrating the growing trend of Bitcoin-specialized companies entering the ETF investment sector. Fold’s strategy combines Bitcoin acquisition through its treasury while using its service network to grow Bitcoin adoption. Through its inclusion, the ETF obtains financial service sector expertise beyond its existing mining and tech divisions. The fund now has wider exposure, furthering the ETF’s goal to reflect Bitcoin’s market presence in numerous business sectors. The presence of Fold Company within the ETF would…

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Filed under: News - @ March 27, 2025 2:23 pm