On March 11, the asset management company Butt Wayz announced the Exchange Trade Fund (ETF), which includes stocks of companies that hold large quantities of bitcoin (BTC).
The new Butt Wayt Coin Standard Corporation ETF (Self) is to work with the Bitwas Bit Coin Co -Corporation Index, which contains at least 1,000 BTC companies stock as companies’ financial assets. “
ETF has emerged as part of a new financial product that provides investment opportunities to large quantities of bitcoin companies.
“Many people are wondering why companies buy BitCoin and own them,” said Matt Hogan, Chief Investment Officer of BitCoin.
He stressed, “These companies view Bitcoin as a liquid, rare strategic reserve asset and use it as a way to avoid being affected by government policies and inter -note publications.”
Companies listed are the largest bitcoin investors. Bitcointreasuries.net
BitCoin Holding Companies Index
As of March 11, major ETF constituencies include Michael Seller’s strategy (MSTR), as well as Bitcoin Mining Companies Marked Holdings (Mara), Clean Spark (CLSK), and Riot Platform (Riot).
It also includes the gaming company Boya A. Interactive and Investment Company Galaxy Digital (GLXY).
According to ButtWiz, the index is weighed based on the company’s bitcoin holdings, the largest holding is limited to 20 %.
Holdings of self: Like the butt
Increase Bitcoin Holding for companies
In 2024, Bitcoin prices increased by more than 350 % of the strategy stock price. Due to the move, many companies have embedded Bitcoin in corporate finance.
According to BitCoin Treasury.net, until March 11, companies kept Bitcoin more than 54 billion.
The strategy is the largest corporate butt coin holder, and has more than $ 41 billion in the company’s financial assets.
In addition, the US government has formed a “Strategic Butt Coin Reserve”, which focuses on Bitcoin seized by law enforcement agencies.
The movement to provide investment products like Bitways is also wide for other assets management companies.
In December 2023, the asset management company, founded by former US presidential candidate Vivek Ramswamy, requested US regulators that “ETF investment in the Convertable Bonds issued by the strategy and other bitcoin holders.”
Rex Shares, a company of assets administration, also announced March 10 that it is currently developing an ETF for companies that add BitCoin to corporate finance.
