the While Waiting for the first stock lasted traded Bitcoin Fund (ETF), the Californian investment company, Reality Shares, the U.S. securities and exchange Commission to make a type Bitcoin ETF is “light” and tasty.
By Christopher clover
12. February 2019BTC$3.614,77 -0.94%part Facebook Twitter LinkedIn xing mail
suggests The US investment company Reality Shares of a Fund that is intended to give traditional investors access to the Bitcoin price roller coaster. This Reality suggests a Fund that represents 15 percent of the price performance of the CBOE Bitcoin Futures. At the same time, the actively managed Fund to currencies classic Fiat like the Euro, British pound Sterling, US Dollar, Yen and Swiss franc represent – in the Form of “high-quality, short-term (not longer than 18 months) to trading on U.S. stock exchanges approved” government bonds. In addition, the Portfolio of Mutual Funds contains more detail: the money market Fund. The Fund bears the cumbersome name of The Reality Shares block force Global Currency Strategy ETF.
While the weighting of the three main areas of Investment (Bitcoin Futures, Fiat, money market funds) may change, is capped in the share of Bitcoin Futures with a maximum of 15 percent. In this way, Reality is hoping for Shares to the U.S. securities and exchange Commission SEC mild voices.
The SEC wants to approve a full crypto-ETF’s, but this limits the exposure to 15 percent,
Eric Ervin, CEO of Reality Shares, said to TheBlock.
Blockchain ETF already know on the market
Ervin, what he is talking about. Finally, he had received under the approval of the passively managed Blockchain ETF BLCN already a sample of the regulatory crypto-skepticism. The SEC advised him to remove “Blockchain”, the name of the financial product.
Read also: Bullish News in the bearish times: Fidelity announces Bitcoin Custody Service
nevertheless received the BLCN the blessing of the SEC. Why not – after all, the BLCN is only the development of enterprises from the Blockchain-industry, Cryptocurrencies have no role to play.
the latest proposal from the house of Reality Shares, provides explicitly not a direct investment in Bitcoin. Nevertheless, the ETF traditional investors could make the access to the crypto market more palatable – the blessing of the SEC provided. Impact on the Bitcoin price would be indirectly. More direct and, of course, bullish signals, parts of the crypto-community hope, however, of the admission of the Bitcoin Futures of Bakkt. Because this is a physical Bitcoin Futures.
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