This market resolves to YES if the Bitwise Bitcoin Standard Corporations ETF (OWNB) closes at a price higher than its launch price on March 10, 2025, when measured at market close on June 10, 2025.

The OWNB ETF is the first ETF focused on companies that hold at least 1,000 bitcoin on their balance sheets. The fund launched on March 10, 2025, and is traded on NYSE Arca.

Resolution will be based on the official closing price on NYSE Arca on June 10, 2025, compared to the launch price.

References:

• https://ownbetf.com/

• https://www.nyse.com/quote/ARCX:OWNB

  Background

  The Bitwise Bitcoin Standard Corporations ETF (OWNB) is the first ETF focused on companies that hold at least 1,000 Bitcoin on their balance sheets. Launched on March 10, 2025, and traded on NYSE Arca, the fund's top holdings include MicroStrategy (MSTR), MARA Holdings (MARA), and CleanSpark (CLSK), among others.

  This ETF represents a unique investment vehicle that provides exposure to publicly traded companies with significant Bitcoin reserves, rather than direct exposure to Bitcoin itself. The performance of OWNB is likely to be influenced by both Bitcoin price movements and the operational performance of its constituent companies.

  Resolution Criteria

  This market resolves to YES if the Bitwise Bitcoin Standard Corporations ETF (OWNB) closes at a price higher than its launch price on March 10, 2025, when measured at market close on June 10, 2025.

  Resolution will be based on the official closing price on NYSE Arca on June 10, 2025, compared to the launch price. The official closing price can be verified through NYSE Arca's official records or financial data providers.

  Considerations

  • The ETF's performance will likely be correlated with Bitcoin's price movements, but may also be affected by the individual performance of companies in the fund.

  • Regulatory developments affecting either Bitcoin or the companies holding Bitcoin reserves could significantly impact the ETF's price.

  • Market conditions, investor sentiment toward cryptocurrency-related investments, and broader economic factors may all influence the ETF's performance during this period.

  • The three-month timeframe (March to June 2025) is relatively short for evaluating an ETF's performance, which could be subject to short-term volatility.