Bitwise Launches ETF Tracking Firms With Over 1,000 Bitcoin
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 12 2025
0mins
Source: Benzinga
Launch of Bitwise Bitcoin Standard Corporations ETF: Bitwise Asset Management has launched the Bitwise Bitcoin Standard Corporations ETF (OWNB) on NYSE Arca, targeting companies that hold at least 1,000 Bitcoin in their treasuries, reflecting a trend among corporations to diversify cash reserves amid economic uncertainty.
Corporate Adoption of Bitcoin: The ETF tracks over 70 publicly traded firms that have adopted Bitcoin as a treasury asset, with the index rebalancing quarterly and emphasizing Bitcoin's perceived value as a strategic reserve asset against monetary policy risks.
Analyst Views on FUFU
Wall Street analysts forecast FUFU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FUFU is 6.17 USD with a low forecast of 5.50 USD and a high forecast of 7.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 3.020
Low
5.50
Averages
6.17
High
7.00
Current: 3.020
Low
5.50
Averages
6.17
High
7.00
About FUFU
BitFuFu Inc. is a provider of digital asset mining and cloud-mining services. The Company offers a variety of digital asset mining solutions, including one-stop cloud-mining services, and miner hosting services to institutional customers and individual digital asset enthusiasts. The Company operates through four segments: cloud mining solutions, self-mining operations, mining equipment sales and other. The Company’s proprietary Aladdin system handles ultra-large-scale management and dispatching of hash calculations and has the maximum capacity to simultaneously connect millions of miners and to provide services that resolve critical mining problems. It offers the Bitcoin network solutions through its cloud mining platform, scaling infrastructure, and mining services. The Company has a wholly owned subsidiary, namely Finfront Holding Company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
