Btrz_JokerBTC_728x90_en.gif

NYSE Arca Seeks Rule Change to List ETF Backed by Bitcoin and T-Bills

NYSE Arca has formally applied to the Securities and Exchange Commission (SEC) for a rule change that would allow it to list shares in a proposed bitcoin investment trust.


The United States Bitcoin and Treasury Investment Trust, managed by Wilshire Phoenix Funds, would invest exclusively in bitcoin and short-term U.S. Treasury securities, according to a filing made by the exchange late Monday.


Coinbase’s custody arm would act as the custodian for the investment trust’s bitcoin, the filing said. Working through Coinbase, the trust has obtained up to $200 million of insurance coverage against theft from its hot and cold wallets from “a syndicate of industry-leading insurers that are highly rated by AM Best.”

Read More at CoinDesk...


1xBit Salah.gif
1xBit Casino.gif
Antminer Banner.png