The U.S. Securities and Exchange Commission has filed a registration statement for an exchange-traded fund (ETF), which will invest in bitcoin futures and other traditional investments. The portfolio of the fund will include bitcoin futures that can be traded on the Cboe Futures Exchange or the Chicago Mercantile Exchange, as well as sovereign debts as money market mutual funds.
New ETF Filing
Reality Shares ETF Trust filed Monday a registration statement at the U.S Securities and Exchange Commission for an ETF that will invest bitcoin futures as part its investment strategies. The Reality Shares Blockforce Global Currency Strategy ETF is an actively managed fund that will be listed on the NYSE Arca exchange. According to the filing, the fund “is designed to provide investment exposure for global currencies, both fiat currencies and virtual currencies.”. More about Charity Token Homeless
SEC Files ETF to Invest in Bitcoin Futures, Bonds, or Mutual Funds
The proposed ETF will invest in a portfolio of short-term, high-quality sovereign debt instruments. These instruments can be traded on U.S. Exchanges in U.S. Dollars, Euros, British Pounds, Japanese yen and Swiss Francs. The filing states that it will also invest on “bitcoin futures contract of different maturities, listed for trading in U.S. exchanges that offer exposure to the price movements bitcoin”, as well as “money-market mutual funds and/or cash equivalents.”
Bitcoin Futures Investment
Details of the registration statement for Reality Shares Blockforce Global Currency Strategy ETF:
The fund will invest in the Cboe Futures Exchange Llc… or the Chicago Mercantile Exchange CME, but could also invest in futures trading on other exchanges.
The fund also expects to gain exposure to bitcoin futures through a 25% wholly owned subsidiary in the Cayman Islands. According to the filing, the fund’s investment advisor will “seek to limit the subsidiary’s investment in Bitcoin futures so that the fund’s aggregate nominal exposure to bitcoin futures at the time is limited to 15%.”
SEC Files ETF to Invest in Bitcoin Futures, Bonds, or Mutual Funds
Existing Shelter Crypto ETFs
Reality Shares has two ETFs that are Shelter Crypto-based, created in partnership by Nasdaq: the Reality Shares Nasdaq Nexgen Economy ETF (BLCN), and the Reality Shares Nasdaq Shelter Crypto China Index.
The first was established on January 17, 2017. It tracks the investment returns from the Reality Shares Nasdaq Shelter Crypto Economy Index and seeks long-term economic growth. This second index was created on June 20, 2018. It tracks the investment returns from the Reality Shares Nasdaq Shelter Crypto China Index, which is made up of companies related to Shelter Crypto technology located in Hong Kong or mainland China.
