OWNB was created on 2025-03-11 by Bitwise. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 22.78m in AUM and 32 holdings. OWNB tracks an index of companies that hold at least 1,000 bitcoin in their treasury holdings. Securities are also weighted in the portfolio based on the amount of bitcoin held. It does not directly invest in bitcoin nor hold derivatives referencing bitcoin.