The US-based company Bitwise announced its application to the SEC for a new fund called the Bitcoin Standard Corporations ETF. This fund aims to track the stock performance of companies that hold at least 1,000 BTC in their corporate reserves.

Bitwise’s new ETF will invest in companies meeting specific criteria. Eligible companies must have a market capitalization of at least $100 million, a daily average trading volume of at least $1 million, and a public float percentage below 10%.

Nate Geraci, President of ETF Store, shared a list on his X account of companies holding at least 1,000 BTC. The list is led by MicroStrategy, followed by Marathon Digital, Riot, Hut8, Tesla, and Coinbase.

Marathon Digital CEO Fred Thiel, whose company holds over 44,000 BTC, stated, “I believe MARA should be included in this ETF.”

Simon Gerovich, CEO of Metaplanet, also highlighted his company’s eligibility, saying, “Metaplanet is a Bitcoin standard company with at least 1,000 BTC in its corporate reserves.”

Nate Geraci’s tweet on the Bitwise Bitcoin ETF:

Bitwise’s application for the Bitcoin Standard Corporations ETF reflects the growing interest in institutional-level Bitcoin investments and efforts to make such investments more accessible. This type of ETF offers investors the opportunity to benefit from the performance of major companies holding Bitcoin, while also enhancing market transparency and encouraging greater institutional participation.

This initiative has the potential to attract interest from both key players in the crypto sector and traditional investors, further solidifying Bitcoin’s position within the financial ecosystem.

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