Bitwise Includes Fold and Bitdeer in Proposed Bitcoin Business Trust

Bitwise Investments has revealed that two new companies, Fold Holdings and Bitdeer Technologies, have been added to its Bitwise Bitcoin (BTC) Standard Corporations Index.

The announcement was made by the asset management firm on X on March 25, 2025. Bitwise Investments specializes in cryptocurrency index and exchange-traded funds (ETFs).

The new additions to the Bitwise Bitcoin Standard Corporations ETF come just days after its launch.

Fold Holdings and Bitdeer Technologies join the fund

Fold Holdings is a Bitcoin financial services company based in Phoenix, Arizona, that was established in 2019. Bitdeer Technologies, on the other hand, is a Bitcoin mining firm listed on the Nasdaq stock exchange with operations in the United States, Norway, and Bhutan.

With the addition of Fold and Bitdeer, the ETF, which trades under the ticker OWNB, now comprises 22 companies that each hold a minimum of 1,000 BTC in their treasury.

Bitwise clarified that the ETF does not invest directly in bitcoin or indirectly through derivatives that reference bitcoin.

According to Bitwise, the index tracks prominent companies that hold Bitcoin as treasury assets, such as Michael Saylor's Strategy, MARA Holdings, a bitcoin mining firm, and Tesla, owned by Elon Musk.

The top 10 companies in the ETF also include Riot Platforms, Metaplanet, and Semler Scientific. Metaplanet has been one of the more aggressive Bitcoin buyers, with its acquisition of 3,350 BTC mirroring the strategy of Strategy, formerly known as MicroStrategy.

The ETF now holds more than 648,000 BTC worth over $54 billion, which accounts for about 3.2% of the total Bitcoin supply, with 22 companies included.

Strategy held 506,137 BTC acquired for over $33.7 billion as of March 25, making it the highest-weighted company in the Bitwise Standard Corporations Index at 22.64%. MARA and Riot follow with weightings of 10.67% and 10.04%, respectively.

Metaplanet is weighted at 5%, making it the fourth-largest holding.

As per Bitwise's OWNB website, Fold holds 1,485 BTC worth roughly $130 million, while Bitdeer holds 1,039 BTC worth about $92 million.