ETF Evaluator:
Bitwise Bitcoin Std Corporations ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Equity Digital Assets Over the Last Year
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Risk
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Risk
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ETF Details
Bitwise Bitcoin Std Corporations ETF Overview
Bitwise Bitcoin Std Corporations ETF (OWNB) is a passively managed Sector Equity Equity Digital Assets exchange-traded fund (ETF). Bitwise Investments launched the ETF in 2025.
The investment seeks investment results that, before fees and expenses, correspond generally to the performance of the Bitwise Bitcoin Standard Corporations Index.
Under normal market conditions, the fund invests at least 80% of its net assets plus borrowings in the securities comprising the index. The index seeks to provide exposure to the performance of corporations that have adopted the “bitcoin standard” (“Bitcoin Standard Corporations”). The fund is non-diversified.
About Bitwise Bitcoin Std Corporations ETF (OWNB)
There are 2 members of the management team with an average tenure of 1.39 years: Jennifer Thornton (2025) and Daniela Padilla (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Bitwise Bitcoin Standard Corp PR USD index with a weighting of 100%. Bitwise Bitcoin Std Corporations ETF has 32 securities in its portfolio. The top 10 holdings constitute 67.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Bitwise Bitcoin Std Corporations ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Bitwise Bitcoin Std Corporations ETF has 24.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 75.8% There is 24.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Bitwise Bitcoin Std Corporations ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $13 million in total assets, which is below the $181 million average for the Equity Digital Assets category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
OWNB Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Bitwise Bitcoin Std Corporations ETF expense ratio is high compared to funds in the Equity Digital Assets category. Bitwise Bitcoin Std Corporations ETF has an expense ratio of 0.85%, which is 28% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Bitwise Bitcoin Std Corporations ETF has a portfolio turnover rate of 35%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 91% for the Equity Digital Assets category.
Recently, in the month of July 2026, Bitwise Bitcoin Std Corporations ETF returned -4.8%, which earned it a grade of B, as the Equity Digital Assets category had an average return of -8.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Bitwise Bitcoin Std Corporations ETF has a trailing yield of 0.00%, which is below the 5.75% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Bitwise Bitcoin Std Corporations ETF Grades
Year to date, the ETF has returned -21.5%, 30.9 percentage points worse than the category, which translates into a grade of F. The fund has returned -47.2% over the past year (grade of F).
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OWNB Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| OWNB Return (NAV) | -4.8% | -17.7% | -47.2% | na | na | na |
| OWNB Return (Price) | -4.2% | -18.8% | -47.6% | na | na | na |
| NAV +/- Price Return | -0.551% | 1.054% | 0.451% | na | na | na |
| Equity Digital Assets Avg | -8.3% | -2.1% | 14.8% | 28.7% | 0.9% | na |
| OWNB Grade (NAV) | B | F | F | na | na | na |
| +/- Category (NAV) | 3.6% | -15.6% | -62.0% | na | na | na |
| OWNB Tax-Cost Ratio | na | na | 0.3% | na | na | na |
OWNB Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| OWNB Return (NAV) | -21.5% | na | na | na | na | na | na | na | na | na | na |
| OWNB Return (Price) | -21.5% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.002% | na | na | na | na | na | na | na | na | na | na |
| Equity Digital Assets Avg | 9.3% | 25.2% | 41.5% | 213.3% | -78.9% | 31.6% | 88.2% | 29.2% | na | na | na |
| OWNB Grade (NAV) | F | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -30.9% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 14 Mil |
| Share Class Assets: | $ 14 Mil |
| Turnover: | 35.0% |
| Expense Ratio: | 0.85% |
| Index Fund: | Yes |
| Index Tracked: | Bitwise Bitcoin Standard Corp PR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.4 years | |||
| Average Tenure: 1.4 years | |||
| Managers (Year): Thornton Jennifer (2025), Padilla Daniela (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 32 |
| % in Top 10 Holdings: | 67.3% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 24.1% |
Portfolio Allocation |
|
| Domestic Stock: | 75.8% |
| Foreign Stock: | 24.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Bitwise Investments |
| Phone Number: | 415-707-3663 |
| Website: | |
| Inception Date: | March 10, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.85% (Rating: High) |
| Category Average Expense Ratio (%): | 0.67% |
