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Launched

Bitwise Bitcoin Standard Corporations ETF

OWNBNYSE ArcaBitwiseF

$16.74−0.35 (−2.06%)

As of Nov 10, 2026, 11:11 AM ET

F23/ 100

Rank 20 of 20 in Crypto Industry Stocks

F23/100Rank 20 of 20inCrypto Industry Stocks
Intraday session: down, 18 prints from 17.09 to 16.74. Range 16.74 to 17.09. Use the arrow keys to read each point.16.8016.9017.0010 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$13M
1Y total return
−43.6%
Yield · Last 12 months
No data
Holdings
24
Avg volume · 30D
2.55K sh
52W range
low $15.07high $31.81
Launched

The ETF.net OWNB Grade

Based on 5 of 6 pillars

F

Score 23 out of 100

Category
Crypto Industry Stocks⁠
Rank
20 of 20
Six-pillar profile for OWNB. Scores out of 100: Cost 13, Risk 26, Mission not scored, Tradability 35, Holdings 29, Durability 36. Strongest: Durability (36). Weakest: Cost (13). Based on 5 of 6 pillars.

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 100
    Rank 16 of 20

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D26 out of 100
    Rank 18 of 20

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D35 out of 100
    Rank 15 of 20

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D29 out of 100
    Rank 18 of 19

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D36 out of 100
    Rank 16 of 20

Our read on OWNB

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Mar 10, 2025

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$5,645
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. OWNB $5,645. SPY $11,339. Use the arrow keys to read each point.$5,000$7,500$10,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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.

Trailing total return for OWNB. Periods over one year show the average yearly return.
PeriodOWNB
Year to date−20.4%
1 month−19.9%
3 months+0.6%
1 year−43.6%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for OWNB
YearReturn barOWNB
2026 YTD−20.4%
2025−3.6%

History from Mar 11, 2025

OWNB in the news

OWNB Dividends

Last payment
$0.19 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 8, 2025 $0.19. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 8, 2025Dec 10, 2025$0.19

$10,000 in OWNB 1 year ago paid $64.37 in dividends.

OWNB Risk

Risk pillarD26 out of 100Rank 18 of 20 in Crypto Industry Stocks
How much the fund’s monthly returns vary, scaled to a year.
53.9%
Annualised · 19 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
−0.06
vs 3-month T-bills · 19 months to Oct 2026
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.

The largest fall from a peak to the low that followed.
−59.5%
19 months · trough Mar 2026
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.

How strongly the fund’s returns move with its asset-class index.
3.23
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

OWNB Cost

Compare OWNB and STCE

Overpaying vs STCE, cheapest in Crypto Industry Stocks

$10,050

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • OWNB 0.85%

    $16,199

  • STCE 0.30% Cheapest

    $6,149

$10,000
30 years

Cost over time

  • OWNB 0.85%
  • STCE 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530OWNB $16,199STCE $6,149

Year by year

YearOWNBSTCEOverpaying
10$1,508$545$963
20$5,706$2,113$3,593
30$16,199$6,149$10,050

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