Gained the largest cryptocurrency in the world Bitcoin (BTC) momentum because of that US Securities and Exchange Commission (SEC), you will probably agree to Bitcoin ETF This month.
Although Securities and Exchange Commission (SEC) She hasn't responded yet, but she agreed Bitcoin trading funds ETF, of the companies that hold a large number of currencies Bitcoin in its balance sheet.
where I agreed SEC Thursday, corresponding to 7 October, on the Foundation Volt Bitcoin Revolution ETF, which is operated by the company Volt Equity Based in San Francisco.
The fund seeks to provide retail investors with dealing with Bitcoin Via “Revolutionary Bitcoin Companies”, where companies that hold a large amount of coins are included Bitcoin Its balance sheet falls into this category.
Include wallet Volt Bitcoin Revolution ETF On 30 A company, made up of giants like Tesla And Paypal.
It also includes companies that get the majority of their revenue from other activities, such as mining Bitcoin or lending or dealing.
while you will appear ETFs new from Volt, like a list Arca It will appear on the New York Stock Exchange (NYSE) under the cursor icon BTCR.
Deposit notes came Securities and Exchange Commission (SEC) As follows:
“While the fund focuses on the industry Bitcoin, Under normal circumstances, the fund will invest at least 80% of its net assets (plus any loans for investment purposes) in industry revolution companies Bitcoin.
where it will be at least 15% of the fund's net assets are in technology companies.
ETF Volt Bitcoin Addresses Bitcoin Price Volatility
Contrary to the proposals Bitcoin ETF the other, the Volt Bitcoin Revolution ETF, do not follow the price Bitcoin Or keep the original in custody.
where you will be Volt Bitcoin Revolution ETF less volatile than its counterparts. This is because the drop in price Bitcoin It will not affect the value of the shares of the companies you hold.
While the management fee of Volt Revolution ETF, very modest as it is 0.85% Only.
It is noticeable that Volt Revolution ETF, does not look like anywhere Bitcoin ETF Bitcoin, and still founder Volt، Tad Park optimistic about this development. where he said:
“A year ago, an ETF like this was not possible and we hope it is a start to a solution.”
On the other hand, speculation is growing about the approval of the first ETF ETF from Bitcoin. Where many analysts believe that the first Bitcoin ETF Could be up this month.
where he said Eric Balchunas, chief analyst ETF Strategists in Bloomberg, that there is a probability of 75% to get the first ETF ETF from Bitcoin In the market.
It is reported that the price has increased Bitcoin BTC to me 55 A thousand dollars at the time of writing.
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