Bitwise Investments, a supplier of crypto indexes and ETFs, has grown its Bitwise Bitcoin ETF to encompass Fold Holdings and Bitdeer Technologies. SEC Concludes Probe into Immutable, No Enforcement Action to Be Taken
The declaration, published on X, emphasizes the addition of these two businesses to the Bitwise Bitcoin Standard Companies Index.
Fold Holdings, a Bitcoin monetary offerings company based totally in Phoenix and established in 2019, and Bitdeer Technologies, a Bitcoin mining company listed on the Nasdaq with operations in Norway, the United States, and Bhutan, are the latest additions to the fund.
As of March 25, Strategy holds 506,137 BTC, obtained for over $33.7 billion, making up the biggest part of the Bitwise index at 22.64%. MARA and Riot follow, with 10% and 10.67% respectively.
With the addition of the new businesses, the ETF now consists of 22 organizations and holds over 648,000 BTC, valued at over $54 billion, representing about 3.2% of the overall Bitcoin supply.
The top 10 companies in the ETF additionally consist of Metaplanet, Riot Platforms, and Semler Scientific. Metaplanet, with its 3,350 BTC, mirrors Strategy’s method.
According to Bitwise, the index tracks companies with Bitcoin as a treasury asset, including Michael Saylor’s Strategy, Bitcoin mining organization MARA Holdings, and Elon Musk’s Tesla.
Bitwise clarifies that the fund does not invest indirectly through Bitcoin derivatives or without delay in Bitcoin. The ETF, buying and selling beneath the ticker OWNB, now consists of 22 organizations holding at least 1,000 BTC in their treasuries.
Each represents around 0.04%.
Metaplanet constitutes the fourth biggest possession, accounting for 5% of the portfolio.
According to information from Bitwise’s OWNB online platform, Fold’s holdings encompass roughly 1,485 bitcoins, valued at about $130 million, whereas Bitdeer possesses around 1,039 bitcoins, equating to roughly $92 million. Do On-Chain Measurements Herald the Cessation of Bitcoin’s Upward Trend?
