Post by Admin/YBB on Oct 7, 2021 19:23:25 GMT -6
BTCR - ETF of Companies That Hold Significant Crypto Assets
markets.businessinsider.com/news/currencies/bitcoin-etf-exchange-traded-fund-sec-cryptocurrency-volt-sec-gensler-2021-10
"*The US SEC has approved an ETF that tracks stocks with significant exposure to bitcoin.
*These firms hold a majority of their net assets in bitcoin or derive a majority of their profit or revenue from bitcoin-related activities.
*The actively-managed fund, Volt Crypto Industry Revolution and Tech ETF, was approved on October 5.
.....The US Securities and Exchange Commission has approved Volt Equity's ETF, which aims to track companies that hold a majority of their net assets in bitcoin or derive a majority of their profit or revenue from bitcoin-related activities like mining, lending, or manufacturing mining equipment, Tad Pak, CEO of the fund, told Insider......He calls these "bitcoin revolution companies," and is eyeing MicroStrategy, Marathon Digital Holdings, and Bitfarms, among others, for the actively managed fund.....Volt Crypto Industry Revolution and Tech ETF was approved on October 5 and will trade under the ticker BTCR.....This roundabout investing strategy is necessary because the SEC under Chair Gary Gensler has been putting off approving bitcoin ETFs - with nearly two dozens stuck in limbo - amid fears of potential for market manipulation. The US thus far has not approved a single one yet, though Gensler did recently note that he is more open to a bitcoin futures ETF. In Canada, however, bitcoin ETFs are available now....."
More
cointelegraph.com/news/sec-approves-volt-equity-etf-providing-exposure-to-bitcoin-centric-companies
markets.businessinsider.com/news/currencies/bitcoin-etf-exchange-traded-fund-sec-cryptocurrency-volt-sec-gensler-2021-10
"*The US SEC has approved an ETF that tracks stocks with significant exposure to bitcoin.
*These firms hold a majority of their net assets in bitcoin or derive a majority of their profit or revenue from bitcoin-related activities.
*The actively-managed fund, Volt Crypto Industry Revolution and Tech ETF, was approved on October 5.
.....The US Securities and Exchange Commission has approved Volt Equity's ETF, which aims to track companies that hold a majority of their net assets in bitcoin or derive a majority of their profit or revenue from bitcoin-related activities like mining, lending, or manufacturing mining equipment, Tad Pak, CEO of the fund, told Insider......He calls these "bitcoin revolution companies," and is eyeing MicroStrategy, Marathon Digital Holdings, and Bitfarms, among others, for the actively managed fund.....Volt Crypto Industry Revolution and Tech ETF was approved on October 5 and will trade under the ticker BTCR.....This roundabout investing strategy is necessary because the SEC under Chair Gary Gensler has been putting off approving bitcoin ETFs - with nearly two dozens stuck in limbo - amid fears of potential for market manipulation. The US thus far has not approved a single one yet, though Gensler did recently note that he is more open to a bitcoin futures ETF. In Canada, however, bitcoin ETFs are available now....."
More
cointelegraph.com/news/sec-approves-volt-equity-etf-providing-exposure-to-bitcoin-centric-companies