Bitwise Bitcoin Standard Corporations ETF (OWNB)

Bitwise Bitcoin Standard Corporations ETF (OWNB) is an index-based exchange-traded fund from Bitwise Asset Management that invests in publicly traded companies holding bitcoin as a treasury reserve asset on their balance sheets.

The fund tracks an index of companies that have adopted a so-called bitcoin standard, meaning they hold a substantial amount of bitcoin as part of their corporate treasury. Eligible companies must meet a minimum bitcoin holdings threshold, and the index weights constituents according to the value of the bitcoin they hold, subject to caps. Holdings can include software and business-intelligence companies, bitcoin miners and other operating firms in the United States and abroad.

The fund owns company shares, not bitcoin directly, so its performance reflects both the price of bitcoin and the results of each company's underlying business. Bitwise is a San Francisco-based crypto asset manager.