The US Securities and Exchange Commission has approved the creation of an ETF from Volt Bitcoin Revolution. It will give investors the opportunity to purchase shares of companies that hold Bitcoin on their balance sheets or make profits from transactions with the first cryptocurrency.
The fund will consist of shares of 30 companies, including Square, Tesla, PayPal, Coinbase, Twitter, as well as public mining companies.
Thus, the Volt ETF will not directly invest in Bitcoin. This will ensure less volatility in investments. The ETF will trade under the ticker BTCR.
Meanwhile, the Agency delays consideration of applications from more than a dozen other Bitcoin ETFs, fearing manipulation in the cryptocurrency market.
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