The Volt Crypto Industry Revolution and Tech ETF have been approved by the United States Securities and Exchange Commission (SEC). This allows investors easy access to companies that are heavily exposed to Bitcoin (BTC) and provides easy access for them to make informed decisions.
According to an SEC filing, the ETF was approved Oct. 5. It is designed to track so-called Bitcoin Industry Revolution Companies. These entities are those that have a majority or majority of their net assets in Bitcoin or derive their majority of their earnings via Bitcoin mining, lending, or transacting. The ETF will be listed on the New York Stock Exchange Arca under the ticker symbol BTCR.
The U.S. Securities regulators have been deliberating over the years about whether to approve their first Bitcoin ETF. The SEC announced on Oct. 1 that it would delay its decision regarding four Bitcoin ETFs for 45 days. This will push back the timelines for the Global X Bitcoin Trust (Valkyrie XBTO Bitcoin Futures Fund), WisdomTree Bitcoin Trust (Kryptoin Bitcoin Trust) and WisdomTree Bitcoin Trust (Nov. 21, Dec. 8 and Dec. 11, respectively).
Volt Equity, unlike other Bitcoin ETFs, doesn’t track Bitcoin’s price or keep the asset in custody. It seeks to expose companies that make a substantial portion of their revenue from Bitcoin-related activities.
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Eileen Wilson –Technology and Energy
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