The United States Securities and Exchange Commission, or SEC, has approved the Volt Crypto Industry Revolution and Tech ETF, providing investors with easy access to companies with significant exposure to Bitcoin (BTC).
The ETF, which was approved on Oct. 5, is intended to track so-called “Bitcoin Industry Revolution Companies,” which are defined as entities that hold a majority of their net assets in BTC or derive a majority of their earnings from Bitcoin mining, lending or transacting, according to an SEC filing. Eighty percent of the fund’s holdings will be allocated to such plays, the prospectus states. The new ETF will appear as a New York Stock Exchange Arca listing under the ticker symbol BTCR.
U.S. securities regulators have been deliberating for years on whether to approve