February 11, 2019

ETF Filed With SEC to Invest in Bitcoin Futures, Bonds, and Mutual Funds

A registration statement for a new exchange-traded fund (ETF) that will invest in bitcoin futures among other traditional investments has been filed with the U.S. Securities and Exchange Commission (SEC). The fund’s portfolio will include bitcoin futures traded on the Cboe Futures Exchange and the Chicago Mercantile Exchange as well as sovereign debts and money market mutual funds.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

New ETF Filing

Reality Shares ETF Trust filed a registration statement with the U.S. Securities and Exchange Commission on Monday for an ETF that will invest in bitcoin futures as part of its investment strategies. The Reality Shares Blockforce Global Currency Strategy ETF will be an actively managed fund listed on the NYSE Arca exchange. The fund is “designed to provide investment exposure to global currencies, both fiat and virtual currencies,” its filing reads.

The new proposed ETF will invest in a portfolio comprised of “high-quality, short-term (no greater than 18-month maturity), sovereign debt instruments” listed for trading on U.S. exchanges in U.S. dollars, euros, British pounds, Japanese yen, and Swiss francs. According to the filing, it will also invest in “bitcoin futures contracts of various maturities listed for trading on U.S. exchanges that provide exposure to the price movements of bitcoin” as well as “money market mutual funds and/or other cash equivalents.”

Investing in bitcoin Futures

The registration statement for the Reality Shares Blockforce Global Currency Strategy ETF details:

The fund plans to invest in the bitcoin futures traded on the Cboe Futures Exchange Llc … and/or the Chicago Mercantile Exchange (CME) but may invest in bitcoin futures traded on other exchanges in the future.

In addition, the fund expects to obtain exposure to bitcoin futures by investing up to 25 percent of its total assets in a wholly owned and controlled Cayman Islands subsidiary. The filing explains that the investment adviser to the fund “will seek to limit the subsidiary’s investment in bitcoin futures so the fund’s aggregate notional exposure to bitcoin futures is limited to 15% of the fund’s net assets at the time of investment.” Furthermore, the fund may also invest in bitcoin futures directly to a limited extent.

Existing Blockchain ETFs

Reality Shares already offers two blockchain ETFs created in partnership with Nasdaq: The Reality Shares Nasdaq Nexgen Economy ETF (BLCN) and the Reality Shares Nasdaq Blockchain China Index (BCNA).

The former was incepted on Jan. 17 last year and seeks long-term growth by tracking the investment returns of the Reality Shares Nasdaq Blockchain Economy Index. The latter was incepted on June 20 last year and seeks long-term growth by tracking the investment returns of the Reality Shares Nasdaq Blockchain China Index comprised of blockchain-related companies located in Hong Kong and mainland China.

What do you think of this new ETF filing? Let us know in the comments section below.

Images courtesy of Shutterstock.

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source: https://news.bitcoin.com/etf-sec-invest-bitcoin-futures-bonds-mutual-funds/

Published at Tue, 12 Feb 2019 04:00:58 +0000

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“The program is extremely interesting because it delivers cutting edge research on different blockchain scalability approaches, fungibility, consensus, data propagation, alternative techniques for handling blockchains and many other topics,” said Anton Yemelyanov, chair of the Scaling bitcoin Planning Committee.

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After events in Montreal, Hong Kong and Milan, the fourth edition of the Scaling bitcoin conference is taking place at Stanford University on November 4 and 5 of this year.

Where the first two editions of Scaling bitcoin were mainly focused on scaling and scalability, the third edition broadened the scope of the conference to include a more diverse set of topics. This trend will continue in Stanford, where talks will range from highly technical topics concerning privacy and fungibility, to fee markets and fee estimation, censorship resistance and more.

“bitcoin is the origin of all distributed ledger technology,” said Yemelyanov. “Scaling bitcoin has been fortunate to act as a vehicle for bringing the audience technologies such as Segregated Witness and MimbleWimble, all of which have been adopted or incorporated into various blockchain projects. We hope that other material presented by our participants will be of similar value and help the industry advance the research and development of blockchains.”

Yemelyanov added that another key goal for Scaling bitcoin conferences is to bring engineers and other technical minds together in a physical space where they can discuss their work in person.

“It is through collaboration where a lot of ideas are born and have potential of becoming reality,” he said.

bitcoin Edge Dev++

In addition to the conference itself, Scaling bitcoin is also introducing a two-day technical bootcamp for experienced developers getting into bitcoin: bitcoin Edge.

This nonprofit initiative is an effort to help scale the development capacity of the industry, Yemelyanov explained:

“One of the approaches of helping the industry scale is to scale the much needed development capacity of the industry. There is a clear talent deficit and we are trying to help all industry participants by running a nonprofit workshop that will allow developers to gain complete understanding of primitives that comprise bitcoin and blockchains in general and be able to start working in this field.”

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This workshop will take place on the November 2 and 3. For more information on the bitcoin Edge initiative, visit bitcoinedge.org.

See here for the full Scaling bitcoin Stanford program.

The post Scaling Bitcoin Releases This Year’s Program and Announces a New Developer Bootcamp appeared first on Bitcoin Magazine.

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