A registration statement has been filed with U.S. Securities and Exchange Commission for a new exchange traded fund (ETF) which will invest among other traditional investments in bitcoin futures. The fund’s portfolio includes bitcoin futures trading on the Cboe Futures Exchange (Cboe Mercantile Exchange) as well sovereign debts, money market mutual funds.
New ETF Filing
Reality Shares ETF Trust filed on Monday a registration declaration with the U.S Securities and Exchange Commission (SEC) for an ETF which will invest in Bitcoin futures as part it’s investment strategies. The Reality Shares Blockforce Global Currency Strategy ETF, which will be actively managed, will be listed on NYSE Arca. Its filing states that the fund was “designed to provide exposure to global currencies both fiat and virtual.”
SEC files ETF for Bitcoin Futures, Bonds, & Mutual Funds
The new ETF proposed will invest in a portfolio that includes “high-quality, short term (no more than 18 months maturity), sovereign debt instruments” which can be traded on U.S. stock exchanges in U.S. dollar, euro, British pounds, Japanese Yuan, Swiss francs and U.S. dollars. It will also invest in bitcoin futures contracts with different maturities that can be traded on U.S. Exchanges and which provide exposure to price movements of Bitcoin,” as well “money market mutual fund and/or other cash alternatives.”. More about Charity Token Homeless
Bitcoin Futures: Investing
Registering for the Reality Shares Blockforce Global Currency Strategy ETF Details:
The fund intends to invest on bitcoin futures that are traded on the Cboe Futures Exchange Llc…and/or the Chicago Mercantile Exchange CME (CME), but could also invest on futures that are traded on other exchanges.
Additionally, the fund plans to get exposure to Bitcoin futures by investing up 25 percent of its total assets into a Cayman Islands subsidiary that is wholly owned and controlled. The filing states that the fund’s investment adviser will try to limit the subsidiary’s bitcoin futures investments so that the fund’s aggregate notional exposure is limited at 15% of its net assets at the point of investment.
SEC files ETF for Bitcoin Futures, Bonds, & Mutual Funds
Existing Shelter Crypto ETFs
Reality Shares offers two Shelter Crypto ETFs, one for each of the partners Nasdaq and Reality Shares: The Reality Shares Nasdaq Nexgen Economy ETF(BLCN) or the Reality Shares Nasdaq Shelter Crypto China Index [BCNA].
The former was created on Jan. 17, 2017 and tracks the investment returns of Reality Shares Nasdaq Shelter Crypto Economy Index. The second was established on June 20th last year. It seeks long-term success by tracking the investment return of the Reality Shares Nasdaq Shelter Crypto China Index which includes Shelter Crypto-related companies in Hong Kong and mainland China.
