Home News Volt Equity’s ‘Bitcoin revolution’ ETF goes live on NYSE today

Volt Equity’s ‘Bitcoin revolution’ ETF goes live on NYSE today


The New York Stock Exchange (NYSE) continues to list Bitcoin (BTC)-linked exchange-traded funds (ETFs), with Volt Equity being the most recent business to do so.

According to Volt Equity‘s CEO Tad Park, the Crypto Industry Revolution and Tech ETF will begin trading on the electronic securities exchange NYSE Arca on October 28. Under the ticker code BTCR, the ETF will be accessible for trading at market open.

BTCR will begin trading at $21, a tribute to Bitcoin’s limited quantity of 21 million coins. The ETF is employing a management strategy influenced by PlanB’s Bitcoin Stock-to-Flow (S2F) model. A prominent quantitative model aimed at predicting BTC price, according to the business.

“As one input, we use the well-known Stock-to-Flow model. In order to figure out how and when the mining supply shock caused by Bitcoin’s upcoming halvings would affect its price. “We may change our mining-related exposure as a result of what we’re witnessing,” Volt Equity stated.

Volt Equity’s product was approved by the US Securities and Exchange Commission (SEC) in early October. However, it is not a pure Bitcoin ETF because it is based on firms that have considerable Bitcoin exposure.

Bitcoin Industry Revolution

The ETF invests in businesses that are part of the “Bitcoin Industry Revolution,” such as Michael Saylor’s MicroStrategy, Tesla, Twitter, Square, the Coinbase crypto exchange, and Bitcoin mining firms including Canaan, Bitfarms, and Riot Blockchain. Based on research, data, and models like the S2F, Volt Equity will assess the fund’s holdings. As well as allocations on a regular basis “when appropriate”.

“Bitcoin isn’t just a currency. In fact, it’s a revolution that includes miners, firms that use it on their balance sheets. And regular HODLers who want to own the first digital store of wealth. That the government can inflate away”, Park explained.

On Oct. 19, the NYSE Arca launched a Bitcoin futures-linked ETF created by financial firm ProShares. ProShares’ Bitcoin Strategy ETF was the first Bitcoin futures-linked ETF to debut in the United States.

Moreover, Bitwise Asset Management, a large cryptocurrency firm, applied to the SEC to establish a pure Bitcoin ETF on the NYSE Arca in mid-October. The SEC has yet to approve an exchange-traded fund (ETF) that tracks the price of Bitcoin directly.

Besides, AXS Investments, a major asset management business, applied for two Bitcoin futures ETFs on Oct. 27. Grayscale Investments, large crypto investing business, anticipates the SEC to approve its spot Bitcoin ETF by July 2022, according to Bloomberg senior ETF analyst Eric Balchunas.

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