The Reality Shares fund, assuming it launches, would contain bitcoin futures trading on the CBOE and CME.
“The Fund expects to obtain exposure to Bitcoin Futures by investing up to 25% of its total assets, as measured at the end of every quarter of the Fund’s taxable year, in a wholly-owned and controlled Cayman Islands subsidiary,” according to the filing.
The proposed bitcoin ETF would be actively managed.
Reality Shares currently offers the Reality Shares Nasdaq NexGen Economy China ETF (NASDAQ: BCNA) and the Reality Shares Nasdaq NexGen Economy ETF (NASDAQ: BLCN), both of which debuted last year.
For more information on the cryptocurrency market, visit the Bitcoin category.