California asset manager files for ETF with 15% Bitcoin exposure

posted 7 months ago
A California-based asset manager has figured out a way to “sneak” Bitcoin into an ETF (by limiting BTC exposure to 15%), and the CEO says it’s the best way to get a crypto fund approved by the SEC.

Reality Shares, the firm behind one of the first ETFs to track the blockchain market, filed a prospectus to list a fund which would include exposure to Bitcoin futures. It would list on NYSE Arca. The idea of the new fund is that the limited exposure to Bitcoin will make regulators more comfortable with approving the product.
Tags: bitcoin, news