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Securities and Exchange Commission regulators have given the go-ahead to the Volt Crypto Industry Revolution and Tech ETF, which will trade under the ticker symbol BTCR.

Volt Equity’s exchange-traded fund is the first of its kind, giving investors access to companies with significant exposure to bitcoin. agency.


A representative for Volt Equity did not immediately return Granthshala Business’s request for comment.

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The fund, which cannot invest directly in bitcoin, will put at least 80% of its net assets into “bitcoin industry revolution companies,” defined as those that invest most of their money in the world’s largest cryptocurrency. Have or receive net assets. of their revenue or profits from bitcoin mining, lending or transactions directly.

Volt Equity CEO Tad Park said insider that it is considering companies such as MicroStrategy, Marathon Digital Holdings and Bitfarms as part of the fund’s holdings. Canadian ETFs, private funds and the Grayscale Bitcoin Investment Trust are not included in the “Bitcoin Industry Revolution Companies” designation.

anchorthe protectionThe lastChangeChange %
mstrMicrostrategy, Inc.708.82+16.03+2.31%
hitMarathon Digital Holdings39.49+1.07+2.79%
bitfBitfarms Ltd.5.13+0.10+1.99%

At least 15% of the fund’s net assets will be in technology companies that derive 50% of their revenue from software, technology hardware, or products or services that rely on self-developed processing chips or artificial intelligence chips. In addition, the fund can invest up to 20% of the portfolio through ETFs to gain broad equity market exposure, and offset its risk.

The ETF will also look at indicators such as the stock-to-flow model, which evaluates an existing stock of bitcoin against the inflow of new bitcoin mined that year.

Volt’s ETF Approved by the SEC comes after I say filing Last week that it would delay its decision on four bitcoin ETFs – Global X Bitcoin Trust, Valkyrie XBTO Bitcoin Futures Fund, WisdomTree Bitcoin Trust and Kryptoin Bitcoin ETF – to November 21, December 8, December 11 and December 24. respectively. Other companies vying for approval of bitcoin ETFs include Fidelity and vanack.

Although no bitcoin ETF applications submitted in the US have been approved to date, SEC Chairman Gary Gensler recently expressed interest In reviewing applications for futures-linked bitcoin ETFs under the Investment Companies Act of 1940.

Bitcoin, which is trading at around $54,000 per coin at the time of publication, is up about 88% year-on-year. coindesk.