最新ニュース VanEck Oil Refiners ETF (ARCA:CRAK)

VanEck Oil Refiners ETF

VanEck Vectors Oil Refiners ETF

Energy

Communication Services

Industrials

The fund normally invests at least 80% of its total assets in securities that comprise the funds benchmark index. The index includes equity securities and depositary receipts of companies that generate at least 50% of their revenues from crude oil refining. Products of these companies may include gasoline, diesel, jet fuel, fuel oil, naphtha, and other petrochemicals. The fund is non-diversified.

Phillips 66

Reliance Industries Ltd

Valero Energy Corp

Marathon Petroleum Corp

Eneos Holdings Inc

Galp Energia Sgps Sa

Omv Ag

Polski Koncern Naftowy Orlen Sa Common Stock Pln

Neste Oyj

Crypto asset manager Bitwise Asset Management, overseeing $12 billion in client assets, has announced the launched the Bitwise Bitcoin Standard Corporations ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OWNB#NYSE">OWNB</a>) on NYSE Arca, targeting companies holding at least 1,000 Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) in their corporate treasuries. 
What Happened: <a href="https://www.businesswire.com/news/home/20250311165166/en/The-Bitwise-Bitcoin-Standard-Corporations-ETF-Ticker-OWNB-Launches-on-NYSE-Arca-Tracks-Publicly-Traded-Companies-That-Own-at-Least-1000-BTC">Announced</a> on March 11, the ETF tracks the Bitwise Bitcoin Standard Corporations Index, spotlighting over 70 publicly traded firms that have embraced Bitcoin as a treasury asset, reflecting a growing corporate trend to diversify cash reserves amid economic uncertainty.
The ETF's structure emphasizes companies with significant Bitcoin holdings, with the index weighting firms based on the amount of Bitcoin they own, though the largest holding—Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)—is capped at 20% to ensure diversification. 
Other top holdings include MARA Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), CleanSpark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), Riot Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>), Boyaa Interactive, Metaplanet (TYO:<a class="ticker" href="https://www.benzinga.com/stock/TYO:3350#TYO">3350</a>), Aker ASA, Bitfarms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BITF#NASDAQ">BITF</a>), BitFuFu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUFU#NASDAQ">FUFU</a>) and Galaxy Digital (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BRPHF#OTC">BRPHF</a>).
Bitwise noted that corporations with Bitcoin holdings exceeding 1,000 BTC but constituting less than one-third of their balance sheet are assigned a 1.5% weighting. 
The index rebalances quarterly, with changes announced in advance to maintain transparency.
Bitwise highlighted the motivations behind this corporate shift, pointing to the Federal Reserve's data showing U.S. nonfinancial corporations held over $4.5 trillion in cash and deposits as of Q3 2024. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44264824/can-donald-trump-end-the-war-in-ukraine-polymarket-traders-say-the-odds-are-rising-but-one-question-is-key">Can Donald Trump End The War In Ukraine? Polymarket Traders Say The Odds Are Rising, But One Question Is Key</a>
"According to the Federal Reserve, companies are sitting on $5 trillion in low-yielding cash today, and many are recognizing Bitcoin's value as a strategic reserve asset," Bitwise <a href="https://x.com/BitwiseInvest/status/1899445386038620631">stated</a> in their X post, suggesting firms view Bitcoin as a hedge against monetary policy risks, such as the U.S. government's $2 trillion annual deficit.
The ETF does not invest directly in Bitcoin or through derivatives, instead offering investors exposure to the financial performance of these Bitcoin-holding companies. 
"Individuals have understood the Bitcoin standard for years. Now, more and more corporations do, too," Bitwise emphasized in their announcement, underscoring the growing acceptance of Bitcoin as a corporate asset. 
What&#8217;s Next: Bitwise CIO Matt Hougan further elaborated on the rationale, stating in a related press release, "Companies perceive Bitcoin as a strategic reserve asset that's liquid and scarce—and not subject to the whims or money printing of any government."
The launch follows Bitwise's filing with the SEC in December 2024, reflecting a broader trend of corporate Bitcoin adoption, with firms like Strategy leading the charge by holding 499,096 BTC, valued at over $41 billion. 
The ETF, distributed by Foreside Fund Services, LLC, aims to provide a regulated investment vehicle for those seeking indirect exposure to Bitcoin's market dynamics through corporate equity.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44258476/bitcoin-reserve-upgrades-crypto-but-paypal-ripple-stablecoins-lag-behind">Bitcoin Reserve Upgrades Crypto But Paypal, Ripple Stablecoins Lag Behind</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

News

$BTC

BITF

BRPHF

CLSK

FUFU

MSTR

Bitwise Funds Trust Bitwise Bitcoin Standard Corporations ETF

OWNB

RIOT

TYO:3350

Bitwise Launches ETF Tracking Firms With Over 1,000 Bitcoin

PWNX

CORRECTION: Prestige Wealth Ticker Is 'PWM'

Prestige Wealth InnoSphere Tech Subsidiary Integrates DeepSeek

Guidance

ABM Indus Raised The Lower End Of Its FY25 Adjusted EPS Outlook By $0.05, Now Expecting Adjusted EPS To Range From $3.65 To $3.80 Vs. Cons. Of $3.73

WIIM

OPRX

OptimizeRx shares are trading higher after the company reported better-than-expected Q4 earnings and sales.

TRNR

Interactive Strength shares are trading higher after the company secured $3.6 million in 3-year notes from an institutional investor, following a $2.9 million investment.

Stifel analyst Brian Brophy maintains Limbach Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LMB#NASDAQ">LMB</a>) with a Buy and raises the price target from $102 to $103.

Price Target

Analyst Ratings

Stifel Maintains Buy on Limbach Holdings, Raises Price Target to $103

Telsey Advisory Group analyst Dana Telsey maintains Kohl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) with a Market Perform and lowers the price target from $13 to $10.

Telsey Advisory Group Maintains Market Perform on Kohl's, Lowers Price Target to $10

Stifel analyst Jim Duffy maintains Dick's Sporting Goods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>) with a Hold and lowers the price target from $240 to $226.

Stifel Maintains Hold on Dick's Sporting Goods, Lowers Price Target to $226

HC Wainwright &amp; Co. analyst Yi Chen maintains LifeMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFMD#NASDAQ">LFMD</a>) with a Buy and raises the price target from $12 to $14.

LFMD

HC Wainwright & Co. Maintains Buy on LifeMD, Raises Price Target to $14

ONDS

Ondas Sees FY25 Revenue Of $25M Vs. $33.44M Est.

Ondas Posts Q4 Net Loss Of $10.3M Versus $14.1M In Q4 FY23

HC Wainwright &amp; Co. analyst Yi Chen maintains Zynex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZYXI#NASDAQ">ZYXI</a>) with a Buy and lowers the price target from $17 to $15.

ZYXI

HC Wainwright & Co. Maintains Buy on Zynex, Lowers Price Target to $15

Ondas Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONDS#NASDAQ">ONDS</a>) reported quarterly sales of $7.19 million which beat the analyst consensus estimate of $5.75 million by 25.08 percent. This is a 44.97 percent increase over sales of $4.96 million the same period last year.

Earnings

Earnings Beats

Ondas Holdings Q4 Sales $7.19M Beat $5.75M Estimate

HC Wainwright &amp; Co. analyst Raghuram Selvaraju reiterates BrainsWay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWAY#NASDAQ">BWAY</a>) with a Buy and maintains $16 price target.

Reiteration

BWAY

HC Wainwright & Co. Reiterates Buy on BrainsWay, Maintains $16 Price Target

Telsey Advisory Group analyst Dana Telsey maintains Grove Collaborative Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GROV#NYSE">GROV</a>) with a Outperform and maintains $2 price target.

GROV

Telsey Advisory Group Maintains Outperform on Grove Collaborative Hldgs, Maintains $2 Price Target

Sprinklr Sees FY26 Revenues Between $821.5M-$823.5M Vs. $819.73M Estimate, With Adjusted EPS Of $0.38-$0.39 Vs. $0.38 Estimate

Needham analyst Serge Belanger reiterates Verrica Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRCA#NASDAQ">VRCA</a>) from Hold to Hold.

VRCA

Needham Reiterates Hold on Verrica Pharmaceuticalsto Hold

Sprinklr Sees Q1 Revenues Between $201.5M-$202.5M Vs. $200.41M Estimate, With Adjusted EPS Of $0.10 Vs. $0.08 Estimate

The chairperson of Alibaba Group Holding ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Joseph Tsai acknowledged that everyone around the world is concerned about the ongoing tariff battle between the economic powerhouses of the world.
What Happened: While speaking at CNBC&#8217;s event Converge Live, in Singapore, Tsai responded to a question on tariff imposition by the Donald Trump administration and said that &#8220;Everyone is concerned about tariffs.&#8221;
He highlighted that the Chinese multinational technology company sells $50 billion worth of American products on its platform to Chinese consumers every year. On the other hand, about $30 billion worth of European products are also sold annually.
"I think the Trump administration will want to have more American companies doing business in China and making money there," he said, adding that it was ultimately between the global leaders to meet and decide on the future course of these protectionist policies.
Furthermore, he suggested if Trump&#8217;s wider tariff approach was just a bargaining chip, there was still a likelihood of seeing specific tariffs on Chinese electric vehicles. Tsai added that it could be a move to safeguard the American auto industry from potential competition.
See Also: <a href="https://www.benzinga.com/25/03/44269729/debt-over-equity-billionaire-howard-marks-endorses-credit-investments-amid-shifting-investor-focus-and-market-correction">Billionaire Howard Marks Prefers Credit Over Equity Amid Falling Market: &#8216;Yields Implies Higher Returns From Credit Than The S&amp;P 500&#8217;</a>
Why It Matters: On Tuesday afternoon, President Trump unexpectedly reversed his decision to double tariffs on Canadian steel and aluminum to 50%, just hours after announcing the increase. The abrupt policy change, which rattled financial markets, followed Canada&#8217;s withdrawal of plans for a 25% surcharge on electricity.
Additionally, as Trump&#8217;s tariffs on steel and aluminum imports go into effect, the European Union announced on Wednesday that it will retaliate by imposing levies of 26 billion euros or $28.33 billion on U.S. goods beginning in April.
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Wednesday. The SPY was up 0.73% to $560.00, and the QQQ also advanced 0.83% to $475.51, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/03/44245897/billionaire-investor-ron-baron-reacts-to-nasdaq-sp-selloff-the-stock-prices-cant-believe-how-cheap-they-are" target="_blank" rel="noreferrer noopener">Billionaire Investor Ron Baron Reacts To Nasdaq, S&amp;P Selloff: ‘The Stock Prices…Can't Believe How Cheap They Are'</a></li>
</ul>
Photo courtesy: Shutterstock

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Alibaba's Joseph Tsai Says 'Everyone Is Concerned About Tariffs,' As He Expects Levies On Chinese EVs

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