Bitwise Bitcoin Standard Corporations ETF
$21.21+0.16 (+0.76%)
- 0.85%
- $17M
- −39.7%
- 0M sh
- $21.31
- low $15.07high $39.00
The ETF.net OWNB Grade
F
Score 23 out of 100
- 20 of 20
Score 23 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F13 out of 100Rank 16 of 20Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F18 out of 100Rank 20 of 20Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C40 out of 100Rank 14 of 20Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D29 out of 100Rank 18 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D35 out of 100Rank 17 of 20
Our read on OWNB
FMost crypto equity funds buy the miners and the exchanges. This one buys the balance sheet: public companies holding at least 1,000 bitcoin in treasury, weighted by the coins they own rather than by market cap. Bitwise launched it in 2025 as a first of its kind.
The fund seeks to track the Bitwise Bitcoin Standard Corporations Index before fees and expenses. The index selects publicly traded companies meeting bitcoin-treasury, size, liquidity, and free-float requirements.
Why people hold it
- A hard rule, not a theme: a company needs at least 1,000 bitcoin on its books to qualify, and weights track the size of the coin stack, subject to caps.businesswire.com
- Global reach: at launch the basket held Tokyo, Hong Kong and Oslo-listed treasury owners, exposure that is fiddly to assemble in a US brokerage account.businesswire.com
- Roughly 26 stocks, rebalanced quarterly, so new treasury converts can enter and companies that shed their coins fall out.coindesk.com
Worth knowing
- At 0.85% a year it prices above the crypto-equity median of 0.69%, and well above broad blockchain rivals like BKCH at 0.50%.
- Weighting by coins owned puts one dominant treasury holder at the top of the book, so a single company's story can move the fund as much as bitcoin does.businesswire.comcoindesk.com
- It launched in 2025 and stays small and thinly traded, so spreads can run wider than in established funds and the record is short.
OWNB Holdings
- Stocks
- 24
- 73%
- MSTR
Sectors
- Financials28.3%
- Technology28.0%
- Consumer Discretionary16.2%
- Consumer Staples12.5%
- Communication9.5%
- Utilities4.0%
- Industrials1.5%
Geography
- United States75.99%
- Japan14.78%
- Cayman Islands4.00%
- China3.92%
- Singapore1.30%
Developed 67% · Emerging 33%
OWNB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
OWNB$6,034
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | OWNB |
|---|---|
| Year to date | −2.0% |
| 1 month | +0.5% |
| 3 months | +17.8% |
| 1 year | −39.7% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | OWNB |
|---|---|---|
| 2026 YTD | −2.0% | |
| 2025 | −3.6% |
OWNB in the news
Filings Digest
CoinShares to liquidate BTF and DIME on October 21
OWNB Dividends
- $0.19 per share
- Irregular
Distribution data unavailable.
Distribution history
OWNB Risk
- 52.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.21
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −59.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 3.06
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
OWNB Cost
0.85%
OWNB0.85%
- The middle half of Crypto Industry Stocks funds
- Median 0.66%
15 of the 20 Crypto Industry Stocks funds charge less.
Other funds in Crypto Industry Stocks
- CBLCKCorgi ETF Trust I - Corgi Crypto Infrastructure ETFExpense ratio 0.35%1 year return —
- CSTBQAmplify Stablecoin Technology ETFExpense ratio 0.69%1 year return —
- DBITQBitwise Crypto Industry Innovators ETFExpense ratio 0.85%1 year return −15.7%
- DBCDFHorizon Kinetics Blockchain Development ETFExpense ratio 0.85%1 year return +5.9%
- DCRPTFirst Trust SkyBridge Crypto Industry and Digital Economy ETFExpense ratio 0.85%1 year return −33.4%