The OWNB ETF, formally known as the Bitwise Bitcoin Standard Corporations ETF, represents a groundbreaking financial product designed for investors seeking exposure to publicly traded companies that hold significant amounts of bitcoin on their balance sheets. As corporate adoption of digital assets accelerates, OWNB offers a structured, transparent, and diversified way to participate in this emerging trend—all within a familiar exchange-traded fund (ETF) framework.
What Is the OWNB ETF?
The OWNB ETF is the first exchange-traded fund focused exclusively on public companies that hold at least 1,000 BTC in reserves. Managed by Bitwise Asset Management, a leader in crypto-native investment solutions, OWNB tracks the Bitwise Bitcoin Standard Corporations Index—a rules-based benchmark that captures firms embracing bitcoin as a strategic reserve asset.
This ETF enables investors to gain diversified exposure to a growing movement where corporations are shifting away from low-yield cash and U.S. Treasuries in favor of hard-asset alternatives like bitcoin.
👉 Discover how institutional bitcoin adoption is reshaping investment strategies.
OWNB Holdings: A Deep Dive
OWNB’s portfolio consists of 28 holdings, all selected based on their direct ownership of bitcoin. The fund weights positions primarily by the amount of bitcoin held, promoting larger exposure to companies with deeper BTC reserves—while maintaining diversification through strategic caps.
As of June 30, 2025, top holdings include:
- MicroStrategy (MSTR) – Holding nearly 499,096 BTC, it dominates the portfolio with an 18.82% weight.
- Marathon Digital (MARA) – With over 45,659 BTC, contributing 8.89% to the fund.
- Riot Platforms (RIOT) and CleanSpark (CLSK) – Each holding over 10,000 BTC, representing key players in the mining and corporate BTC space.
- Notable international exposure includes Metaplanet (3350 JP) and Nexon Co. (3659 JP), reflecting global corporate adoption.
Over 70 public companies worldwide collectively hold more than 650,000 bitcoin, according to data from Bitwise and Bitcointreasuries.net. OWNB captures the most significant among them.
Bitcoin holdings data is sourced from public company filings as of March 8, 2025, and valuations are based on BTC/USD prices on the same date. Holdings are reviewed and rebalanced quarterly to reflect changes in corporate BTC ownership.
Methodology Behind the Index
The Bitwise Bitcoin Standard Corporations Index follows strict, transparent rules:
- Companies must hold at least 1,000 BTC to qualify.
- Weighting is based on total bitcoin held, ensuring larger holders have greater representation.
- A 20% cap on any single holding prevents overconcentration.
- Firms with less than 33% of assets in bitcoin receive a 1.5x weighting adjustment to reflect diversified business models.
This methodology ensures that OWNB remains both focused and balanced, offering meaningful exposure without undue risk.
Why Invest in OWNB?
1. Exposure to a Growing Corporate Trend
At a time when U.S. corporations sit on trillions in cash yielding minimal returns, forward-thinking firms are reallocating capital into bitcoin as a long-term store of value. Companies like Tesla, Coinbase, and Block have already integrated BTC into their treasury strategies.
OWNB allows investors to ride this wave by providing access to a curated basket of firms leading the charge in corporate bitcoin adoption.
2. Access Through a Familiar Investment Vehicle
Unlike direct crypto ownership, which requires wallets, private keys, and security management, OWNB operates as a traditional ETF. This means:
- Easy integration into brokerage accounts
- Compatibility with retirement and taxable portfolios
- Seamless inclusion in financial advisor platforms
Investors gain indirect exposure to bitcoin through equities—without the operational complexity.
3. Backed by Crypto Investment Experts
Bitwise has been at the forefront of crypto investing since 2017. With over 30 investment products spanning ETFs, private funds, and staking solutions, the firm brings deep domain expertise to OWNB’s management and index design.
Their specialized knowledge ensures the fund evolves with the market, maintaining relevance and performance.
👉 See how professional-grade crypto strategies are transforming portfolios.
Fund Summary: Key Details
| Detail | Information |
|---|---|
| Inception Date | March 10, 2025 |
| Number of Holdings | 28 |
| Net Assets (AUM) | $29,394,614 |
| Expense Ratio | 0.85% |
| Index Provider | Bitwise Index Services, LLC |
| Custodian & Administrator | Bank of New York Mellon |
| Adviser | Bitwise Investment Manager, LLC |
OWNB is listed on major exchanges and trades under the ticker OWNB, making it accessible to retail and institutional investors alike.
Performance Overview (As of June 29, 2025)
OWNB has demonstrated strong short-term performance since inception:
- 3-Month NAV Return: 43.98%
- 3-Month Market Price Return: 43.92%
- Since Inception (NAV): 0.04%
- Since Inception (Market Price): 0.38%
Past performance is not indicative of future results. Returns for periods under one year are not annualized.
The fund’s net asset value (NAV) was $30.94** as of June 30, 2025, with a market price of **$31.17, reflecting a slight premium. The 30-day median bid-ask spread stands at 0.57%, indicating healthy liquidity.
OWNB’s performance reflects both bitcoin’s price appreciation and investor sentiment toward corporate adoption trends.
Frequently Asked Questions (FAQ)
Q: What types of companies are included in OWNB?
A: OWNB includes publicly traded companies that own at least 1,000 bitcoin. These range from dedicated crypto firms like Marathon Digital to diversified tech companies like Tesla and Block.
Q: How often is the portfolio rebalanced?
A: The underlying index rebalances quarterly, ensuring the fund stays aligned with current corporate bitcoin holdings.
Q: Does OWNB hold bitcoin directly?
A: No. OWNB holds shares of companies that own bitcoin. It provides indirect exposure through equities, not direct crypto ownership.
Q: Is OWNB suitable for retirement accounts?
A: Yes. As a registered ETF, OWNB can be held in IRAs, 401(k)s, and other tax-advantaged accounts—unlike direct cryptocurrency investments.
Q: How does OWNB differ from a spot bitcoin ETF?
A: While spot bitcoin ETFs hold BTC directly, OWNB invests in stocks of companies that hold BTC. This offers equity market familiarity with exposure to corporate adoption trends.
Q: What are the risks associated with OWNB?
A: Key risks include volatility in both stock prices and bitcoin value, concentration risk in top holdings (e.g., MicroStrategy), and regulatory changes affecting crypto-friendly firms.
Final Thoughts: The Future of Corporate Bitcoin Adoption
The rise of bitcoin on corporate balance sheets marks a pivotal shift in treasury management. As inflation concerns persist and traditional yields remain low, more companies may follow the "Bitcoin Standard" model pioneered by early adopters.
OWNB positions investors at the center of this transformation—offering a rules-based, professionally managed way to participate in one of the most compelling macro trends of the decade.
Whether you're a long-term believer in digital assets or simply seeking diversification beyond cash and bonds, OWNB delivers targeted exposure with institutional-grade rigor.
👉 Explore next-generation investment opportunities powered by blockchain innovation.