Cryptocurrency lender BlockFi has filed with the U.S. Securities and Exchange Commission to launch a futures-based Bitcoin exchange-traded fund in the U.S.
If approved, its shares will be trading on Cboe BZX Exchange.
The fund will not invest directly in Bitcoin:
Advertisement
Advertisement
The fund seeks to invest in bitcoin futures so that the total value of the bitcoin to which the fund has economic exposure is equal to approximately 100% of the net assets of the fund.
A slew of analysts expects the SEC to finally approve a futures-based Bitcoin ETF this October.
Thu, 10/07/2021 - 18:34
JPMorgan Names 3 Reasons Why Bitcoin Recently Hit $55K
In July, BlockFi appeared in regulatory crosshairs, with multiple states accusing it of offering unregistered securities.
Vladislav Sopov