Bitwise information new ETF focusing on corporations with giant Bitcoin holdings – CoinJournal

• Bitwise Bitcoin Normal Company ETF will spend money on companies that maintain “not less than 1,000 Bitcoins”
• Corporations will need to have a market capitalization of not less than $100 million to be included in Bitwise’s proposed ETF.
• KULR Expertise Group launches its Bitcoin treasury technique with the acquisition of 217.18 Bitcoin for $21 million

Bitwise has filed a proposal with US regulators to launch a brand new exchange-traded fund (ETF) to spend money on publicly traded firms that maintain substantial Bitcoin reserves.

Beneath bitwise As of December 26, Bitcoin Normal Company ETF, the ETF issuer will spend money on companies that “maintain not less than 1,000 Bitcoins of their company coffers”. filed With the US Securities and Change Fee (SEC).

To qualify to hitch the ETF, firms will need to have a market capitalization of not less than $100 million, common day by day liquidity of $1 million or extra, and a public free float of lower than 10%.

Bitwise’s proposed ETF would assign inventory weightings primarily based available on the market worth of the corporate’s Bitcoin holdings, making certain it’s capped at 25%.

attain new heights

the information comes like this Bitcoin The worth has skilled an increase after the victory of the newly elected President within the US election. donald trumpBitcoin reached its peak New all-time high above $107,000 earlier this month. In a shopper memo in November, Bitwise CIO Matt Hogan stated that the US election was going to be both “Speed ​​Bump” or “Gust of Wind” For the crypto market.

Notably, in current weeks, extra firms have been shopping for Bitcoin to spice up inventory costs. On twenty third December, micro strategy introduced on x It now holds 561 Bitcoins after buying 5,262 Bitcoins for $444,262 million.

In different associated information, KULR Expertise Group announced On December 26, it launched its Bitcoin treasury technique with the acquisition of 217.18 bitcoins for $21 million.

KULR Expertise Group, Inc. , $cooler ) begins its Bitcoin Treasury technique with a purchase of 217.18 $BTC For $21 million, a mean of $96,556 per BTC.

utilizing the $coin KULR, the prime platform for custody and wallets, is allocating 90% of surplus money to BTC.https://t.co/GClCvKTjUH pic.twitter.com/DFqAxDm0vS

– KULR Expertise (@KULRTech) 26 December 2024