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Seeking Alpha 2021-10-04 14:20:48

Volt Crypto Industry Revolution and Tech ETF to offer exposure to Bitcoin companies

Volt ETF Trust aims to unveil the Volt Crypto Industry Revolution and Tech ETF (BTCR). This actively managed fund seeks to invest a majority of its assets in both U.S. and foreign companies with exposure to Bitcoin (BTC-USD). While the fund will not directly hold Bitcoin (as that is not deemed legal by U.S. regulators), the ETF will provide an alternative way to gain exposure to the crypto market by investing in companies with a majority of their assets in Bitcoin. Additionally, the ETF seeks to provide exposure to businesses that derive revenues from mining, lending, transacting in Bitcoin, or manufacturing Bitcoin mining equipment. However, BTCR will include no more than 15% of the fund’s net assets in Grayscale Bitcoin Trust (OTC:GBTC), according to a company filing with the U.S. Securities and Exchange Commission. Volt also said the fund won't include any Canadian ETFs. While U.S. ETFs can't currently hold cryptocurrencies, Canadian

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