ETFs

Bitcoin futures ETF proposition: AdvisorShares submits application to the SEC

TL;DR Breakdown

  • Bitcoin futures ETFs are getting more popular than ever.
  • AdvisorShares, an investment manager, has reached out to SEC with a Bitcoin ETF proposal for approval.
  • Various market gurus like the CEO of Osprey Funds claim that an SEC approval of a Bitcoin ETF this year might be impossible.

A Bitcoin ETF is responsible for tracking the price of Bitcoin, but the benefit of having access to a Bitcoin futures ETF is that the security will be available for trade as a normal stock, and this makes it intriguing in the eyes of investment management firms who are gunning for Bitcoin futures ETF or exchange-traded fund.

These exchange-traded funds or ETFs, when approved, will provide rapid exposure to a lot of stock investors to cryptocurrencies. There are plenty of investment managers who have currently applied for approval with the United States monetary regulatory authority, the Securities and Exchange Committee. A fresh applicant for Bitcoin futures ETF approval is AdvisorShares.

Morgan Creek Capital to serve as sub-advisor for Bitcoin futures ETF

The ETF proposal has yet to be reviewed by the SEC that mentioned Morgan Creek Capital, a prominent investment advisor, as a sub-advisor for the ETF that will be managed under AdvisorShares. The organization will be responsible for providing proper guidance and expert advice on the management of the Bitcoin ETF for AdvisorShares.

The SEC chairman, Gary Gensler, had previously mentioned that he is in favor of those Bitcoin ETFs related to trading futures contracts but is yet to approve the dozens of applications pending with the SEC.

It seems that the chairman of SEC is considering Bitcoin futures ETFs as compared to the physical ones.

This post was last modified on August 21, 2021 8:19 pm

Parth Dubey

A writer, an author, a freelancer with writings in over 50+ niches, an editor, a proofreader, a music enthusiast, a YouTuber, a podcaster, and someone, who puts consistent efforts each day to make sure his creativity is noticed. What's more? I love cryptocurrencies.

Share
Published by
Parth Dubey

Recent Posts

XRP vs Bitcoin: Who’s the Crypto King?

A guy goes by the Twitter handle of "Crypto King," but this post is not… Read More

December 3, 2021

Grayscale launches Solana Trust: SOL overtakes BNB in 24h trading volume

TL;DR Breakdown:  Grayscale launched its new Solana trust. It will help investors to gain wider exposure… Read More

December 3, 2021

DeFi Wallet Review: What’s good for 2022?

Decentralized Finance, or DeFi, is a community of financial apps that use blockchain networks to… Read More

December 3, 2021

Tezos price analysis: XTZ gets support above $5. Will it persist?

TL;DR Breakdown The Tezos price analysis report shows a lack of momentum.Support is still set… Read More

December 3, 2021

LTC Wallet Review 2022

Litecoin LTC was the 8th altcoin to be created, and it outlived the other 7… Read More

December 3, 2021

Bitcoin, Ethereum, GXChain, Cosmos, Polygon Price Analysis ‒ 3 December Morning Prediction

TL;DR Breakdown Influxes of 1.51% raise Bitcoin back to $57.1k.Ethereum returns value to $4.6k following… Read More

December 3, 2021

This website uses cookies.