The exchange-traded fund, which was approved on Tuesday, 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 companies, the prospectus states. The new ETF will appear as a New York Stock Exchange Arca listing under the ticker symbol BTCR.
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Source: Cryptocurrency - investing.com
