ETF issuer Bitwise officially launched the "Bitwise Bitcoin Standard Corporations ETF" with the trading symbol OWNB. OWNB specifically invests in Bitcoin reserve strategy companies, including Strategy, MARA Holdings, CleanSpark, Riot Platforms, Boyaa Interactive, Metaplanet, Galaxy Digital, and others. The holdings span markets in the United States, Canada, Hong Kong, Japan, and provide investors with a one-stop purchase service at a fee of 0.85%.
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ToggleOWNB Specifically Investing in Bitcoin Reserve Strategy Companies
Currently, over 70 companies have adopted Strategy's (formerly Microstrategy) approach of using Bitcoin as a corporate financial asset. According to the Federal Reserve, corporations currently hold $5 trillion in low-yield cash, and many companies recognize the value of Bitcoin as a strategic reserve asset. Bitwise is targeting this trend by providing an ETF basket of Bitcoin reserve strategy companies, allowing investors to easily invest in multiple Bitcoin reserve strategy companies.
(78 Global Listed Companies Emulating Strategy: What is the Bitcoin Reserve Strategy?)
"Bitcoin Standard" Stock Selection Strategy
The index aims to invest in companies adopting the "Bitcoin Standard", which are companies holding Bitcoin as corporate financial assets and meeting the following criteria:
- Holding at least 1,000 Bitcoins
- Market capitalization of at least $100 million
- Minimum average daily liquidity of at least $1 million
- Free float below 10%
The index selects eligible stocks that meet size, liquidity, and free float requirements. Stocks are then weighted based on the market value of their Bitcoin holdings, with a maximum weight cap of 25%. Any excess weight will be redistributed equally among other components.
This index does not directly invest in Bitcoin or its derivative products but will hold common stocks or depositary receipts of companies meeting these conditions.
Which Companies Has OWNB Currently Invested In?
OWNB currently holds: Strategy, MARA Holdings, CleanSpark, Riot Platforms, Boyaa Interactive, Metaplanet, Galaxy Digital, and others. The holdings span markets in the United States, Canada, Hong Kong, Japan, providing investors with a one-stop purchase service at a fee of 0.85%.
Previously, ABMedia also introduced how to use quantitative indicators to screen Bitcoin reserve strategy companies and invest directly in overseas stocks through sub-brokerage, and interested readers can refer to the following article links.
(Strategy Leading the Trend: A Comprehensive Guide to Investing in Bitcoin Reserve Strategy Companies)
Risk Warning
Cryptocurrency investments carry high risks, and prices may fluctuate dramatically. You may lose all your principal. Please carefully assess the risks.
The Canadian crypto investment company Galaxy Digital will officially list on the NASDAQ stock exchange with the ticker "GLXY" on 5/16. Galaxy Digital also announced its first-quarter financial situation, reporting a net loss of $295 million due to the decline in the crypto market during the first quarter. As of March 31, its digital asset exposure was $908 million, a 37% decrease from the fourth quarter.
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ToggleGalaxy Digital Officially Lists in the US
Led by Mike Novogratz, the crypto investment company Galaxy Digital, which has been listed on the Toronto Stock Exchange (TSX) since 2015, has moved its registration from the Cayman Islands to Delaware this year and applied to list on the NASDAQ stock exchange.
According to previous reports, Galaxy Digital will list with the ticker "GLXY", and CEO Mike Novogratz will retain nearly 60% of voting rights, continuing to control the company.
Galaxy Digital's First Quarter Loss Nears $3 Billion
Galaxy Digital also submitted its first-quarter financial report, showing a net loss of $295 million, in stark contrast to the net income of $118 million in the previous quarter. The company stated that the main reasons for the loss were the decline in digital asset prices in the first quarter, which affected trading activities and valuations, and a $57 million impairment charge and disposal cost related to the closure of its Helios data center mining business.
Galaxy expects to start generating data center leasing income in the first half of 2026, at which point it will begin providing key IT capacity to CoreWeave under the first phase of the lease agreement.
Galaxy's asset management is close to $7 billion, and generated an adjusted gross profit of $21.6 million in the first quarter, a decrease of 8% from the previous quarter. The main reasons for the decline are the drop in digital asset prices and reduced on-chain activity.
Galaxy Digital Owns $900 Million in Digital Assets
As of March 31, Galaxy Digital's net digital asset exposure was $908 million, a 37% decrease from the fourth quarter. This includes directly held cryptocurrencies, including tokens wrapped in Bitcoin and Ethereum, and investments in tools such as Bitcoin futures ETFs and Galaxy-custodied Bitcoin funds. It also includes $19.6 million in SOL, $21.7 million in TIA, and investments of $53.9 million in SOL and $17.4 million in AVAX through the Galaxy Crypto Vol Fund, as well as equity in companies like Ripple Labs.
Risk Warning
Cryptocurrency investments are highly risky, and their prices may fluctuate dramatically, potentially resulting in a total loss of principal. Please carefully assess the risks.
