Reality Shares wants to launch an ETF with partial investing in bitcoin futures

The American company Reality Shares submitted an application to the US Securities and Exchange Commission (SEC) to create an exchange-traded investment fund (ETF), which provides partial access to Bitcoin futures. About this writes The Block .

The document states that the new fund will provide access to "fiat and widely distributed virtual currencies."

“In the future, the fund will be able to invest up to 15% of its assets in bitcoin futures traded on the CBOE Global Markets and CME Group exchanges. It also allows for the possibility of investing in futures traded at other sites. In addition to bitcoin, the fund will invest in the British pound, the Japanese yen, the Swiss franc and mutual funds in the foreign exchange markets, ”the application text says.

Erik Erwin, CEO of Reality Shares, expressed the hope that such a restriction would advantageously distinguish their application compared to full-scale crypto ETFs, with the approval of which the SEC is slow.

If approved, the new ETF will be released on the NYSE Arca exchange.

Recall that in January, Reality Shares created an ETF tied to the blockchain market and traded on the Nasdaq exchange.

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