The U.S. Securities and Exchange Commission (SEC) has approved the Volt Crypto Industry Revolution and Tech ETF, allowing investors to easily access companies that have a significant impact on Bitcoin (Bitcoin).
The ETF was approved on October 5 and aims to track the so-called “Bitcoin industry revolution companies”, which are defined as entities that hold most of their net assets in BTC or most of their income from Bitcoin mining, borrowing or trade, according to Documents submitted to the U.S. Securities and Exchange Commission. The new ETF will be listed on the New York Stock Exchange Arca under the ticker symbol BTCR.
U.S. securities regulators have been considering whether to approve their first Bitcoin ETF for years. On October 1, the US Securities and Exchange Commission announced that it would Postpone decision on four Bitcoin ETFs Postponed the schedules of Global X Bitcoin Trust, Valkyrie XBTO Bitcoin Futures Fund, WisdomTree Bitcoin Trust, and Kryptoin Bitcoin ETF by 45 days to November 21, December 8, December 11, and December 24, respectively .
Unlike other Bitcoin ETF proposals, the newly approved Volt Equity fund does not track the price of Bitcoin or custody assets. Instead, it seeks to reach out to companies that generate a significant portion of their business from Bitcoin-related activities.
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