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BMAX's launch follows the recent introduction of the Bitwise Bitcoin Standard ETF (OWNB), which provides exposure to stocks of companies holding over 1,000 BTC, with Strategy as its top holding, followed by Marathon Digital, CleanSpark and Riot Platforms
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the fund is necessarily mostly made up of convertible paper issued by Michael Saylor's Strategy (MSTR), by far the largest issuer of such debt. Other top 10 holdings include the convertible notes of bitcoin miners Marathon Digital (MARA) and Riot Platforms (RIOT)
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Strategy is also the top asset in the Bitwise ETF, followed by MARA, CleanSpark and Riot Platforms
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