Galaxy Digital, one of the top crypto asset management firms led by Mike Novogratz has become the latest firm to file for a Bitcoin Strategy ETF. There has been a significant spike in the number of companies filing for a Bitcoin Strategy ETF that offers exposure to the Futures market to investors. This is primarily because of the US Securities and Exchange Commission chief Gary Gensler’s comments suggesting a Bitcoin ETF based on the Futures market has a higher chance of approval.
The official filing emphasized that the fund would not directly invest in Bitcoin which is a clear indication of Gary Gensler’s comments.
The fund would be called Galaxy Bitcoin Strategy ETF and the fund seeks to provide capital appreciation primarily through actively managed exposure to bitcoin futures contracts. The Fund does not invest directly in bitcoin.
Source: SEC
Invesco became the first firm to file for a Bitcoin Futures ETF followed by VanEck and now Galaxy Digital. Amid growing Bitcoin dema
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