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HomeCrypto NewsMarketGalaxy Digital Has Filed For A Bitcoin ETF That Focuses On Futures Only

Galaxy Digital Has Filed For A Bitcoin ETF That Focuses On Futures Only

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Mark Brennan

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bitcoin 4130299 640
bitcoin 4130299 640

Four months after applying for a Bitcoin exchange-traded fund (ETF) backed by the actual underlying asset, Galaxy Digital is making another attempt, this time, with an investment vehicle tied to Bitcoin futures.

According to the U.S. Securities and Exchange Commission (SEC) filing on Tuesday, the Galaxy Bitcoin Strategy ETF hopes to register under the Investment Company Act of 1940.

The new fund doesn’t invest directly in Bitcoin, seeking instead to provide capital appreciation primarily through the active management of Bitcoin futures contracts.

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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