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Thread: The SEC just approved the closest thing to a US bitcoin ETF you can buy, for now

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    Default The SEC just approved the closest thing to a US bitcoin ETF you can buy, for now



    A new exchange-traded fund may be as close as investors can get to having a US bitcoin ETF - at least for now.
    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.

    s a result, the Volt ETF will not directly invest in bitcoin. Instead, it looks to put at least 80% of its net assets in "bitcoin revolution companies," options, and ETFs with exposure to those companies. The rest will go in broad equity markets to offset the risk of the portfolio.
    The ETF will also look at indicators such as the Stock-to-Flow model, which evaluates the current stock of bitcoin against the flow of new bitcoin mined that year.
    Pak said this is the first ETF that is bitcoin-focused, compared to others that invest in a broader range of digital assets.

    Source_markets.businessinsider.com
    Last edited by Resolve; 10-13-2021 at 12:21 PM.
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