U.S SEC Approves BTCR ETF, Brings Hope to ETF Firms By CoinQuora

U.S SEC Approves BTCR ETF, Brings Hope to ETF Firms U.S SEC approves Volt Crypto Industry Revolution and Tech ETF. The ETF will be listed on NYSE under the ticker symbol BTCR. The U.S government continues to be one of the most talked-about countries in the world in terms of cryptocurrency. This time, the U.S



U.S SEC Approves BTCR ETF, Brings Hope to ETF Firms
  • U.S SEC approves Volt Crypto Industry Revolution and Tech ETF.
  • The ETF will be listed on NYSE under the ticker symbol BTCR.

The U.S government continues to be one of the most talked-about countries in the world in terms of cryptocurrency. This time, the U.S Securities and Exchange Commission (SEC) has granted a green light to a new exchange-traded fund.

In detail, the Volt Crypto Industry Revolution and Tech ETF are now allowed to provide their services to all interested investors. Indeed, this event brings hope to other ETF firms that submit their application in the SEC.

Based on a prospectus filed on SEC, the Volt Crypto Industry Revolution and Tech ETF is intended to track down the activities and performance of companies related to . To be specific, these are the companies that hold the majority of their assets in Bitcoin. The MicroStrategy is one example out of the many other companies that hold most of their assets in Bitcoin.

In terms of its fund, the net assets of the ETF firm will be invested in different types. To be specific, 80% of the ETF net asset will be invested in crypto stocks while the other will go to traditional stocks. Meanwhile, the ETF firm will also be listed in the New York Stock Exchange under the ticker BTCR.

On the other hand, as the SEC continues to develop its crypto regulation, Bitcoin remains bullish. As a result, BTC remains one of the most favorite cryptos by investors such as MicroStrategy. At the time of writing, Bitcoin trades at a bullish price above $55k.

Continue reading on CoinQuora

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

The Fund Times
ADMINISTRATOR
PROFILE

Posts Carousel

Leave a Comment

Your email address will not be published. Required fields are marked with *

Latest Posts

Top Authors

Most Commented

Featured Videos