American Reality Shares the company has applied to the Commission on securities and exchange Commission (SEC) to create exchange traded Fund (ETF) that provides partial access to the futures on bitcoin. About it writes The Block.
The document States that the new Fund will provide access “to Vietnam and the widespread use of virtual currencies”.
“In the future, the Fund can invest up to 15% of their assets in bitcoin futures traded on the Global Markets exchanges CBOE and CME Group. It also allowed the possibility of investing in futures traded on other exchanges. In addition to bitcoin, the Fund will invest in the British pound, Japanese yen, Swiss franc and mutual funds on the foreign exchange markets”, — said in the text of the application.
Reality Shares CEO Eric Ervin expressed the hope that this restriction will be advantageous to distinguish their claim compared to a full-blown crypto-ETF, with the approval of the SEC which is slow.
In the event the application is approved will be issued a new ETF on the NYSE Arca.
We will remind, in January of created Reality Shares ETF linked to the market of the blockchain and listed on the Nasdaq exchange.
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