American company the asset management Reality Shares ETF Trust, a unit previously running the blockchain ETF Blockforce Capital of the company, filed with the Commission on securities and exchange Commission (“SEC”) an application on form N1-A, according to where you would like to obtain the approval of the regulator for the launch of the Reality Shares Blockforce Global Currency Strategy ETF on the NYSE Arca.
New feature of ETFs is that its customers it intends to offer partial access to bitcoin futures along with a portfolio of “high quality short-term instruments, sovereign debt placed on US exchanges and denominated in dollars, euros, British pounds, Japanese yen, Swiss francs” and mutual funds. The contracts do not involve a direct investment in bitcoins and their physical delivery by the end of the period users will pay the equivalent in Fiat currency.
It is assumed that up to 15% of the Fund’s investments will be traded at the CBOE and CME bitcoin futures, but in the future permitted investments and similar products on other sites. Among the risks for investors proposers allocate the closure of several cripture for the period from 2009, as well as problems in their work in connection with break-ins, errors, fraud and DDoS attacks.
Since the publication on the website of the SEC, the regulator has 240 days for a decision.
Recall that the CBOE January 30, re-filed with the SEC furnished on form 19b-4 application for change of rules in the result, the approval which it could launch a bitcoin ETF through an investment company VanEck and blockchain company SolidX. And last week the provider of the digital wallet Abra announced the addition of users to invest in stocks and ETFs using bitcoin technology and smart contracts.