A New ETF is Filed to Invest in Companies Having Direct or Indirect Exposure to Bitcoin

2021-3-14 18:00

Valkyrie Digital Assets has filed for an exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC) that would invest in companies that have Bitcoin on their balance sheet or are indirectly dealing with the cryptocurrency.

A Form N1-A has been filed for Valkyrie Innovative Balance Sheet ETF in partnership with KKM Financial, which is the investment advisor of the fund, and for the distributor of the fund, the company has chosen institutional asset manager SEI. The document reads,

“The Fund is an actively-managed exchange-traded fund (“ETF”) that will invest principally in the securities of operating companies… that directly or indirectly invest in, transact in, or otherwise have exposure to bitcoin or operate in the bitcoin ecosystem.”

The Bitcoin ecosystem is defined here as trading platforms, miners, custodians, digital wallet providers, companies that facilitate payments in bitcoin, and companies that provide other technology, equipment, or services to companies operating in the ecosystem. However, the Fund has no interest whatsoever in investing in Bitcoin directly or indirectly through derivatives.

Just today, BTC/USD has made a new ATH above $60,000.

Last week, JPMorgan Chase published a filing for an incoming debt instrument that will also invest in companies like MicroStrategy, Square, chipmaker Nvidia, and others that are involved with cryptocurrency.

Bitcoin BTC $ 61 150.89 +8.59% Ethereum ETH $ 1 905.16 +9.27% Binance Coin BNB $ 273.07 +5.32% The post A New ETF is Filed to Invest in Companies Having Direct or Indirect Exposure to Bitcoin first appeared on BitcoinExchangeGuide.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 68693.99 (-0.14%)
Объем 24H $41.882b
Изменеия 24h: -0.07 %, 7d: -3.44 %
Cегодня L: $66916.68 - H: $68910.37
Капитализация $1358.629b Rank 1
Цена в час новости $ 61328.48 (12.01%)

bitcoin invest etf exposure new indirect filed

Источник: bitcoinexchangeguide.com

bitcoin invest → Результатов: 126


Фото:

Poll: 8% of Americans Invest in Cryptocurrency

Bitcoin (BTC)–A poll released by the analytics firm Harris Insights earlier in the month has revealed that roughly 8 percent of American adults are invested in cryptocurrency. While this number pales in comparison to a similar Gallup poll figure conducted in 2016, which found about 52 percent of Americans own stock, it does show a […] The post Poll: 8% of Americans Invest in Cryptocurrency appeared first on Ethereum World News.

2018-8-29 01:33


Wolf Of Wall Street Claims Bitcoin Is Vanishing Soon, How Possible?

Jordan Belfort, a former Wall Street scammer now an author has pounced on bitcoin saying those investing in it have been brainwashed. In an interview with CNBC, Belfort who had spent 22 months in jail for scamming customers said bitcoin still thrives only because more investors have been “brainwashed” to invest in it, stressing that […] The post Wolf Of Wall Street Claims Bitcoin Is Vanishing Soon, How Possible? appeared first on ZyCrypto.

2018-8-28 17:48


Фото:

Institutional Investors Are Ready For Bitcoin

Professional services firm Deloitte are alleged to have completed a new research project into blockchain investment from their clients within the Technology and Media industries. The bottom line of the research is that these institutions are ready to invest in blockchain technologies, a readiness that could in turn inspire major institutional investment into cryptocurrency and blockchain projects such as Bitcoin.

2018-8-28 17:30


Фото:

Roger Ver: Bitcoin Cash (BCH) Is “The Best From An Investment Standpoint”

For the better part of a decade, Bitcoin (BTC) has sat at the forefront of the cryptocurrency industry, continually proving itself that it is a reliable project to invest your time and money in. But for proponents of Bitcoin Cash, the crypto that spawned out of August 2017’s hard fork of the Bitcoin chain, BCH […] The post Roger Ver: Bitcoin Cash (BCH) Is “The Best From An Investment Standpoint” appeared first on Ethereum World News.

2018-8-28 03:24


Фото:

Исследование: только 36 из 100 крупнейших по капитализации монет имеют «рабочий продукт»

Из ста крупнейших по капитализации монет только 36 действительно представляют собой «рабочий продукт», который обеспечивает им реальную стоимость. Об этом говорится в исследовании аналитической компании Invest in Blockchain, которое приводит Bitcoin.

2018-8-19 17:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Russia’s Largest State-Owned Bank Introduces Country’s First Crypto and Blockchain ETF

Sberbank, the largest and state-owned Russian bank, has introduced the country’s first exchange-traded fund (ETF) to offer exposure to companies involved in the blockchain industry. The fund launched by the bank is called Sberbank Blockchain Economy ETF that trades on the Russian stock market under the ticker “SBBE,” Sber Asset Management said in a statement.

WisdomTree Yet Again Amends Spot Bitcoin ETF Filing After SEC Rejection

The changes will apply “certain of the substantive requirements” of the 1940 Act to offer investors “significant protections” but won't be registered under the Investment Company Act. The post WisdomTree Yet Again Amends Spot Bitcoin ETF Filing After SEC Rejection first appeared on BitcoinExchangeGuide.

Kryptoin’s Spot Bitcoin ETF Is Next in Line for Rejection Before Christmas, After SEC Declines WisdomTree’s ETF

The US Securities and Exchange Commission (SEC) denied WisdomTree’s application for a spot Bitcoin exchange-traded fund (ETF) this week. “The Commission concludes that BZX has not met its burden under the Exchange Act and the Commission’s Rules of Practice to demonstrate that its proposal is consistent with the requirement that the rules of a national […] The post Kryptoin’s Spot Bitcoin ETF Is Next in Line for Rejection Before Christmas, After SEC Declines WisdomTree’s ETF first appeared on BitcoinExchangeGuide.