Investment management firm registers Bitcoin trust with SEC

posted 5 months ago
Investment management firm Wilshire Phoenix sponsored the US Bitcoin & Treasury Investment Trust which filed a registration statement of Form S-1 with the SEC relating to the proposed IPO of its common shares. The Trust seeks to provide investors with exposure to Bitcoin in a manner that is more efficient, convenient & less volatile than purchasing stand-alone Bitcoin.

The Trust will have no assets other than (a) Bitcoin, (b) short-term US T-Bills and/or (c) US dollars, in proportions that seek to closely replicate the exposure of a custom index to Bitcoin.
Tags: bitcoin, news