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SEC allows Volt Bitcoin Revolution ETF-Others on the way?!

2 min read

Volt Equity launched a new ETF with an interesting approach. It will expose investors to the portfolios of Tesla, Twitter, MicroStrategy, and Square. It is known as Volt Bitcoin Revolution ETF.

You will be pleased to hear that this ETF has received the green light from the SEC (Securities and Exchange Commission).
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Almost 25% of the company’s stocks will include stocks from MicroStrategy ( the volume might be slightly lowered), owner Tad Park says. It will run in the name and ticker symbol BTCR on the New York Stock Exchange.

It will provide insights into the portfolios of 30 companies, including the ones mentioned above. Others include Coinbase, Marathon, and PayPal, which have cryptocurrencies in their treasuries.

The owner said that the price will not be affected much, due to low volatility. And the fee associated with it is significantly less, 0.85%.

This can crack in the hardcore mentality of the organization against cryptocurrencies, and other ETFs will soon receive the signal. We cannot say much, but let’s hope for the best.
Organizations like Grayscale are still waiting for it. Earlier, SEC chair Gary Gensler hinted at it, but he also said that it must consist of Bitcoin futures. Grayscale was not happy with the announcement, however.

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