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Yet Another Bitcoin ETF submitted to SEC, But Mixed With Sovereign Debt and Bitcoin Futures

Submitted to the United States Securities and Exchange Commission on February 11, new bitcoin ETF by a subsidiary of Blockforce Capital is a new move. The newly filed proposal is called ‘Reality Shares Blockforce Global Currency Strategy ETF ’ which contains both – the sovereign debt instruments as well as Bitcoin futures.

ETF Beyond Bitcoin Futures

Reality Shares ETF is primarily a subsidiary of Blockforce capital, a US-based crypto firm. On Monday, the firm has filed a registration form with SEC to list its new ETF on NYSE Arca. According to the new proposal, the fund ’s portfolio involves futures traded on Cboe future exchange and the Chicago Mercantile Exchange. On top of these, it also includes sovereign debts and money market mutual funds.

The registration form reads that;

“The Fund expects to obtain exposure to Bitcoin Futures by investing up to 25% of its total assets, as measured at the end of every quarter of the Fund’s taxable year, in a wholly-owned and controlled…

Read Full Story : Coingape

2019-02-12 10:54:39

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