- Bitwise ETF focuses on enterprises having treasury reserves of 1,000 BTC or more.
- MicroStrategy is the leader in corporate Bitcoin adoption, with over 444,000 BTC holdings.
Bitwise CEO Hunter Horsley expects 2025 to be the breakthrough year for corporate bitcoin adoption. His optimism is in line with the forward-looking strategy floated by Bitwise recently for a unique exchange-traded fund targeting companies with huge Bitcoin holdings. Corporate adoption of bitcoin remains still in its infancy stages while many CFOs are far from embracing the same cryptocurrency.
The new exchange-traded fund is called the Bitwise Bitcoin Standard Corporations ETF, and it only tracks companies that have more than 1,000 BTC in their corporate treasuries. Unlike traditional ETFs, which depend on market capitalization in order to determine weightings, this fund would do so based on the number of Bitcoin reserves a company holds. According to Hunter Horsley, this ETF serves as a means to present corporations and the inclusion of Bitcoin in their financial planning.
According to the fund’s December 26 filing, the corporates need to have a market capitalization of at least $100 million and average daily liquidity above $1 million. There are only 22 companies globally with 1,000 BTC or more. Nonetheless, Bitwise is making bets on shifts in corporate attitudes toward Bitcoin as a treasury asset.
Role of MicroStrategy in Adoption of Bitcoin
MicroStrategy has been on the front line in driving the adoption of Bitcoin among such companies. Michael Saylor’s treasury holds over 444,000 BTC. Aggressive Bitcoin strategies have led to a massive appreciation in the stock price of the company, which is up more than 2,200% since the company took on Bitcoin as a treasury reserve.
The massive investment Tesla made in Bitcoin in 2021 created optimism that other firms would follow in their footsteps, but the rush of firms did not occur. Companies like Microsoft have got away with not investing in Bitcoins. More Chief Financial Officers now believe that there is some skepticism in holding the value of Bitcoins, especially in regard to the volatile price of the currency and the chances of not using it as a store of real capital.
Despite the setbacks, Horsley believes that the chances of Bitcoin ever getting a wider acceptance level are promising. “The foundation is being laid,” said Horsley pointing out increasing institutional interest and bettering financial products that have any tie to cryptocurrencies.
Besides Bitwise, other companies are also searching for Bitcoin-related financial innovations. For instance, recently, Strive Asset Management filed an application for the Bitcoin Bond ETF, investing in convertible securities tied up with purchases of Bitcoin.
As the year 2025 approaches, Horsley’s vision lights up the very critical transformation in how corporations would understand Bitcoin. The dynamics of the market and clarity of regulations coupled with increased trust in the value proposition would change its role in corporate finance in the following years.
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