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ETF Filed With SEC to Invest in Bitcoin Futures, Bonds, and Mutual Funds

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A registration assertion for a brand new exchange-traded fund (ETF) that can make investments in bitcoin futures amongst different conventional investments has been filed with the U.S. Securities and Exchange Commission (SEC). The fund’s portfolio will embody bitcoin futures traded on the Cboe Futures Exchange and the Chicago Mercantile Exchange in addition to sovereign money owed and cash market mutual funds.

Also learn: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

New ETF Filing

Reality Shares ETF Trust filed a registration assertion with the U.S. Securities and Exchange Commission on Monday for an ETF that can make investments in bitcoin futures as a part of its funding methods. The Reality Shares Blockforce Global Currency Strategy ETF will likely be an actively managed fund listed on the NYSE Arca change. The fund is “designed to provide investment exposure to global currencies, both fiat and virtual currencies,” its submitting reads.

ETF Filed With SEC to Invest in Bitcoin Futures, Bonds, and Mutual Funds

The new proposed ETF will make investments in a portfolio comprised of “high-quality, short-term (no greater than 18-month maturity), sovereign debt instruments” listed for buying and selling on U.S. exchanges in U.S. {dollars}, euros, British kilos, Japanese yen, and Swiss francs. According to the submitting, it’s going to additionally make investments in “bitcoin futures contracts of various maturities listed for trading on U.S. exchanges that provide exposure to the price movements of bitcoin” in addition to “money market mutual funds and/or other cash equivalents.”

Investing in Bitcoin Futures

The registration assertion for the Reality Shares Blockforce Global Currency Strategy ETF particulars:

The fund plans to make investments in the bitcoin futures traded on the Cboe Futures Exchange Llc … and/or the Chicago Mercantile Exchange (CME) however could make investments in bitcoin futures traded on different exchanges in the longer term.

In addition, the fund expects to receive publicity to bitcoin futures by investing up to 25 % of its whole property in a completely owned and managed Cayman Islands subsidiary. The submitting explains that the funding adviser to the fund “will seek to limit the subsidiary’s investment in bitcoin futures so the fund’s aggregate notional exposure to bitcoin futures is limited to 15% of the fund’s net assets at the time of investment.”

ETF Filed With SEC to Invest in Bitcoin Futures, Bonds, and Mutual Funds

Existing Blockchain ETFs

Reality Shares already provides two blockchain ETFs created in partnership with Nasdaq: The Reality Shares Nasdaq Nexgen Economy ETF (BLCN) and the Reality Shares Nasdaq Blockchain China Index (BCNA).

The former was incepted on Jan. 17 final yr and seeks long-term progress by monitoring the funding returns of the Reality Shares Nasdaq Blockchain Economy Index. The latter was incepted on June 20 final yr and seeks long-term progress by monitoring the funding returns of the Reality Shares Nasdaq Blockchain China Index comprised of blockchain-related corporations positioned in Hong Kong and mainland China.

What do you consider this new ETF submitting? Let us know in the feedback part beneath.


Images courtesy of Shutterstock.


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Bitcoin, bitcoin etf, blockchain ETF, bonds, BTC, crypto, Cryptocurrencies, Cryptocurrency, Digital Currency, ETF, filing, fixed income, mutual funds, N-Economy, Reality Shares, SEC, Virtual Currency

Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source programs, community results and the intersection between economics and cryptography.







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