Bitwaiz has rolled out a new bitcoin Standard Corporation ETF that gives investors a way of betting at least 1,000 BTC staging companies.
Client assets are starting a new exchange-facing funds at the world’s largest crypto index fund manager, Bitwaiz, with $ 12 billion, in the New York Stock Exchange, including public companies that have at least 1,000 bitcoin (BTCs) in their corporate treasury.
On March 11 Press releaseBitwaiz said that the so -called bitwaiz Bitcoin Standard Corporation ETF would include 10 holdings in the launch, which included major companies such as microstrates, marks holdings and cleanspark. Other names in the index include riot platform, Boy Interactive and Mike Novograte’s Crypto Bank Galaxy Digital.
Depending on the amount of bitcoin owned by the revived quarterly and weight holdings to the index, the press release reads with some limitations to ensure diversification.
“Companies are starting only”
Commenting on the launch, Bitwaiz CIO Matt Hogan said that the decision to include mentioned companies was due to their perception of bitcoin “a strategic reserve property that is liquid and rare – and not subject to any government’s fad or money printing.”
“We think companies are starting here only, and it gives ETF investors risk for new firms at the forefront of this trend.”
Mat Hugan
While the ETF will target bitcoin maximalist, it will not invest in bitcoin directly or via derivatives. Instead, it will provide exposure to investors for companies that make significant moves in crypto space.
A few days after the launch, Bitwaiz announced another ETP product, connecting bitcoins and gold, which adjusts dynamic allocation based on market conditions. Bitwaiz Diaman Bitcoin and Gold ETP, which is available on Euronext Paris and Amsterdam, follows Dyman Bitcoin and Gold Index to adjust the allocation based on market conditions.
