The Bitwise Bitcoin Standard Corporations ETF (Ticker: OWNB) Launches on NYSE Arca; Tracks Publicly Traded Companies That Own at Least 1,000 BTC
Bitcoin Holdings by Corporations: Over 70 public companies, including notable names like Tesla and Block, collectively hold more than $60 billion in bitcoin, reflecting a trend where companies view bitcoin as a strategic reserve asset amidst economic uncertainties.
Launch of Bitwise Bitcoin Standard Corporations ETF: Bitwise Asset Management has launched the Bitwise Bitcoin Standard Corporations ETF (OWNB), which tracks an index of companies holding at least 1,000 bitcoin, aiming to provide investors with exposure to firms leading in this emerging trend.
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MicroStrategy's Stock Target Increase: TD Cowen analyst Lance Vitanza has raised MicroStrategy's price target to $680, driven by Bitcoin's rising prices and the company's strategic advantage in accumulating Bitcoin, which now exceeds 600,000 bitcoins valued over $70 billion.
Market Trends and ETFs: Despite a slight dip, Bitcoin remains on an upward trend, with MicroStrategy shares up 54% year-to-date. Several ETFs linked to MicroStrategy are highlighted as potential investment opportunities, reflecting growing investor confidence in the company's crypto strategy.
ETF Performance Highlights: On Monday, Tesla and Mara Holdings were notable components of the ETF with high trading volumes, with Tesla up 1.6% and Mara Holdings up 1.5%. Bitfufu performed the best, increasing by 6.2%, while Fold Holdings decreased by 3.5%.
Market Commentary: The opinions expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.

Bitwise's Bullish Outlook on Bitcoin: Matthew Hougan, chief investment officer at Bitwise Asset Management, expresses strong optimism for Bitcoin as it gains acceptance from governments and corporations, highlighting its maturation over the past decade.
Long-term Predictions: Despite acknowledging short-term risks, Hougan believes that increased institutional investment could drive Bitcoin's value to $200,000 in the long run.
New Investment Option: The MRP SynthEquity ETF (SNTH) has been launched as an actively managed fund aimed at long-term capital appreciation, utilizing a strategy that combines options on the S&P 500 Index and U.S. Treasury investments to manage risk and generate income.
Risk Management Strategy: SNTH employs a quarterly laddered approach to Treasuries and aims to limit potential losses to about 15% over a rolling year, making it suitable for cautious investors seeking growth while mitigating market volatility.
Launch of Bitwise Bitcoin Standard Corporations ETF: Bitwise Asset Management has launched the Bitwise Bitcoin Standard Corporations ETF (OWNB) on NYSE Arca, targeting companies that hold at least 1,000 Bitcoin in their treasuries, reflecting a trend among corporations to diversify cash reserves amid economic uncertainty.
Corporate Adoption of Bitcoin: The ETF tracks over 70 publicly traded firms that have adopted Bitcoin as a treasury asset, with the index rebalancing quarterly and emphasizing Bitcoin's perceived value as a strategic reserve asset against monetary policy risks.

Bitcoin Holdings by Corporations: Over 70 public companies, including notable names like Tesla and Block, collectively hold more than $60 billion in bitcoin, reflecting a trend where companies view bitcoin as a strategic reserve asset amidst economic uncertainties.
Launch of Bitwise Bitcoin Standard Corporations ETF: Bitwise Asset Management has launched the Bitwise Bitcoin Standard Corporations ETF (OWNB), which tracks an index of companies holding at least 1,000 bitcoin, aiming to provide investors with exposure to firms leading in this emerging trend.








