Bitwise's Bold Approach: New ETF Targets Bitcoin Powerhouses As Institutional Adoption Soars
Bitwise's Bold Approach: New ETF Targets Bitcoin Powerhouses As Institutional Adoption Soars
The operations of the primary asset managed within the constraint of fixed weighting of dollar exposure could enhance the appeal of the completely new kind of asset class ETF. Companies engaging in Bitcoin operations with at least a $100 million market capitalization, a minimum daily liquidity of $1 million and a free float of less than 10% are eligible for the ETF.Bitwise Asset Management is taking on a more aggressive stance on Bitcoin (CRYPTO: BTC). The company filed for an ETF on Dec. 26 with a strategy to focus on business companies significantly exposed to Bitcoin.
Bitwise 資產管理公司對比特幣（CRYPTO: BTC）採取了更爲激進的立場。該公司於12月26日提交了可交易ETF申請，策略是專注於與比特幣顯著相關的企業。
The companies in question are firms holding more than 1,000 Bitcoin and have strong liquidity and trade volume. The catch is, instead of solely being concerned with the size of the companies, the ETF will be based on the amount of Bitcoin a company has, but no more than 25% for one company.
相關公司是持有超過1000個比特幣並且具有強大流動性和成交量的公司。關鍵是，該可交易ETF將不單單關注公司的規模，而是基於公司擁有的比特幣數量，但對單一公司的比特幣持有量不得超過25%。
The submission of the Bitwise Bitcoin Standard Corporations ETF, which was originally intended to focus on firms holding large reserves of Bitcoin — such as MicroStrategy and Tesla — reflects the growing mainstream acceptance of Bitcoin as a treasury asset.
提交的 Bitwise 比特幣標準公司可交易ETF，最初旨在專注於持有大量比特幣儲備的公司，如MicroStrategy和特斯拉，反映出比特幣作爲一種資產的日益主流接受度。
The operations of the primary asset managed within the constraint of fixed weighting of dollar exposure could enhance the appeal of the completely new kind of asset class ETF. Companies engaging in Bitcoin operations with at least a $100 million market capitalization, a minimum daily liquidity of $1 million and a free float of less than 10% are eligible for the ETF.
在固定的美元暴露權重限制下管理的主要資產的運營，可能會增強這種全新資產類別ETF的吸引力。參與比特幣交易的公司，如果市值至少爲10000萬元、每日流動性最低爲100萬元且自由流通股少於10%，都符合該ETF的資格。
This move is remarkable development with respect to the wave of institutions now investing in Bitcoin. In a similar trend, on the same day as Bitwise's application, Strive Asset Management applied for ETF bonds on Bitcoin, which indicates further adoption trends.
這一舉動是關於現在越來越多的機構投資比特幣的重大進展。在類似的趨勢中，與Bitwise申請同一天，Strive 資產管理公司也申請了比特幣可交易債券，這表明進一步的採用趨勢。
Recall Bitcoin reaching valuations of $100,000? It wasn't just the retail investors that caused the frenzy — it was institutions and businesses investing their assets with the approval of spot Bitcoin ETFs. In 2024, the approval of the spot Bitcoin ETFs by the SEC revolutionized the market and accelerated institutional investment and the integration of Bitcoin into conventional financial systems.
還記得比特幣達到100,000美元的估值嗎？導致這種狂潮的不僅僅是散戶投資者——機構和企業在現貨比特幣ETF獲批的情況下對其資產的投資也是原因之一。在2024年，SEC批准了現貨比特幣ETF，這一舉動徹底改變了市場，加速了機構投資並將比特幣融入傳統金融系統。
And then there is MicroStrategy, which has acquired more than 446,400 BTCs. If this ETF is approved then such firms may witness an even higher level of attention.
還有MicroStrategy，該公司已經收購了超過446,400個比特幣。如果該可交易ETF獲得批准，則這些公司可能會吸引更多關注。
What's the bigger picture? Crypto is not a niche anymore: it's becoming a standard in corporate strategy and financial markets. Bitwise is just betting on this trend with a new approach.
更大的圖景是什麼？加密貨幣不再是一個小衆市場：它正在成爲企業策略和金融市場的標準。Bitwise正是藉此趨勢採取了一種新的方法。
Photo: Shutterstock
Photo: Shutterstock