Bitwise and Strive apply for Bitcoin-related ETFs to attract company investors. Learn about the criteria and statistics around these ETFs.
Asset management company Bitwise has applied to the U.S. Securities and Exchange Commission (SEC) to launch a new Exchange-Traded Fund (ETF) named the Bitcoin Company Standard Fund (BTC). This ETF will invest in companies holding at least 1,000 bitcoins in their treasury and meeting criteria such as a market value of over $100 million and daily liquidity of at least $1 million. Meanwhile, Strive has also applied to launch a Bitcoin bond ETF. Statistics show that public companies hold 587,687 bitcoins, equivalent to 20% of all bitcoins held by institutions.
