Bitwise Bitcoin Standard Corporations ETF
$23.96−0.32 (−1.33%)
- Expense ratio
- 0.85%
- Fund size
- $20M
- 1Y return
- −29.6%
- Yield · Last 12 months
- Data unavailable
- Holdings
- 24
- Volume · 30D
- 0M sh
- NAV per share
- $22.62
- 52W range
The ETF.net OWNB Grade
Score 21 of 100 sits in the F band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 13Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 15Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 32Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 34Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 36Category rank
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
- 74%
- MSTR
Sectors
- Technology35.1%
- Financials30.2%
- Consumer Discr.14.0%
- Communication8.2%
- Cons. Staples6.8%
- Utilities5.7%
Geography
- United States72.06%
- Japan12.83%
- Cayman Islands5.54%
- China4.23%
- France4.00%
- Singapore1.33%
Developed 65% · Emerging 35%
OWNB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +13.1% |
| 1 month | +20.8% |
| 3 months | +21.3% |
| 1 year | −29.6% |
| 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 | +13.1% | |
| 2025 | −3.6% |
OWNB in the news
ETF.net Research hasn’t filed on OWNB yet — coverage lands here as it’s written.
OWNB Dividends
- $0.19 per share
- Irregular
Distribution data unavailable.
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 8, 2025 | Dec 10, 2025 | $0.19 |
OWNB Risk
- 53.6%
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.
- 0.12
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.
- 3.22
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
- The middle half of Crypto Industry Stocks funds
- Median 0.65%
15 of the 20 Crypto Industry Stocks funds charge less.