US SEC Approves an ETF Tracking the Performance of Bitcoin-Investing Companies

The US Securities and Exchange Commission gave Volt Equity’s Volt Bitcoin Revolution ETF the green light just four months after it was submitted. Investors will have the opportunity to invest in companies that are directly exposed to Bitcoin, such as MicroStrategy.

According to a recent filing, Volt Equity, a California-based company, filed documents with the Commission to create a new type of exchange-traded fund that has indirect exposure to BTC. The product will be listed on the New York Stock Exchange Arca with the ticker symbol BTCR. The SEC has rejected or delayed every application so far. Canada and Brazil, however, have approved a few Bitcoin-related ETFs. Most of these have enjoyed impressive first months in terms AUM.
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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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