BitWise submits new ETFs for companies with large Bitcoin stocks

• The Bitwise Bitcoin Standard Corporations ETF would invest in companies that "hold at least 1,000 bitcoin"
• companies must have a market capitalization of at least $ 100 million in order to be included in the ETF proposed by Bitwise
• The Kulr Technology Group started its Bitcoin treasury strategy with the purchase of 217.18 Bitcoin for $ 21 million

BITWISE has submitted a proposal for the introduction of a new stock market-traded fund (ETF) to invest in listed companies that have considerable bitcoin reserves.

According to a report dated December 26, the ETF issuer would invest in companies as part of the Bitwise Bitcoin Bitcoin Standard Corporations ETF in companies that "hold at least 1,000 bitcoin in his corporate fund". Submission Securities and Exchange Commission (Sec).

In order to further qualify for the inclusion in the ETF, companies must have a market capitalization of at least $ 100 million, an average daily liquidity of $ 1 million or more and a public free float of less than 10 %.

The proposed ETF of Bitwise would assign the stock weighting based on the market value of a company's Bitcoin stocks and ensure that it is limited to 25 %.

reach new heights

The message comes at a time when Bitcoin experienced an increase in value after the election of the elected President Donald Trump. At its climax, Bitcoin reached a new all-time high of over $ 107,000 at the beginning of the month. In a customer memo in November, Matt Hougan, Cio from Bitwise, said that the US elections would either be a "speed thrust" or a "gust of wind" for the cryptoma market.

In the past few weeks, more companies have bought Bitcoin to raise the share prices. On December 23, Microstrategy terminated X that it now holds 444.262 bitcoin for 561 million Has acquired US dollars.

In other related messages: Kulr Technology Group announced announced on December 26 that the company announced its Bitcoin-Teasury strategy started buying 217.18 Bitcoin for $ 21 million.

kulr technology group, Inc. ( $ kulr ) Bitcoin-Teasury strategy with the purchase of 217.18 $ Coin Kulr, the most important platform for 90%of the rush CARMURGES BTC to. https://t.co/gclcvktjuh pic.twitter.com/dfqaxdm0vs

-Kulr technology (@kulrtech) 26. December 2024