AdvisorShares Gerber Kawasaki ETF Plans To Invest 5% of Assets in Bitcoin ETFs
Key Points:
- AdvisorShares expands investment possibilities, allowing AdvisorShares Gerber Kawasaki ETF to allocate up to 5% of other Bitcoin ETFs.
- AdvisorShares seeks SEC approval for a new actively managed Bitcoin ETF, planning to launch the AdvisorShares Managed Bitcoin ETF on NYSEArca.
Investment management firm AdvisorShares has disclosed to the US Securities and Exchange Commission (SEC) its latest investment strategies and associated risks.
Read more: Bitcoin Spot ETF and Futures ETF: Differences To Make The Right Investment Choice
AdvisorShares Gerber Kawasaki ETF Expands Horizon with Bitcoin Allocation
The AdvisorShares Gerber Kawasaki ETF is now permitted to allocate up to 5% of its ETF assets into other Bitcoin ETFs. This move aims to capitalize on the growing interest in Bitcoin investments.
The AdvisorShares Gerber Kawasaki ETF is designed for long-term capital appreciation, primarily investing in US exchange-traded equity securities, including common and preferred stocks and ADRs. With a focus on companies with capitalizations of $1 billion or more, the fund may also venture into ETFs, ETNs, and other exchange-traded products to gain exposure to thematic macro opportunities. It’s worth noting that the fund operates as a non-diversified entity.
In a separate development, AdvisorShares has submitted an application for a Bitcoin ETF to the SEC, intending to launch the AdvisorShares Managed Bitcoin ETF on NYSEArca. This actively managed ETF, unlike its counterparts, will not directly invest in Bitcoin.
US Spot Bitcoin ETFs Reshape Institutional Investing Landscape
The rise of spot Bitcoin ETFs in the US has become increasingly evident, currently holding 3.3% of the total Bitcoin supply. This surge highlights a notable shift in Bitcoin’s dynamics, signaling a growing appetite for institutional Bitcoin investments.
The popularity is further underscored by a significant net inflow of $197 million into spot Bitcoin ETFs at the close of January, marking the fourth consecutive day of inflows within the first ten days of the new year. This trend reflects a burgeoning interest in approved investment products, showcasing the evolving landscape of Bitcoin investments in the institutional realm.
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