Thursday, September 16, 2021
Home Crypto News Market Galaxy Digital Has Filed For A Bitcoin ETF That Focuses On Futures...

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

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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 Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

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