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Volt Equity’s ‘Bitcoin Revolution’ ETF will be listed on the NYSE today

The New York Stock Exchange (NYSE) continues to list Bitcoin (BTC) -linked exchange traded funds (ETFs), with Volt Equity being the newest company to launch such a product on the exchange.

The company’s CEO, Tad Park, told Cointelegraph that the cryptocurrency industry revolution and Volt Equity ETF technology funds will start trading on the NYSE Arca electronic exchange on October 28th. The ETF will be available for trading when the market opens under the ticker symbol BTCR.

BTCR opens at $ 21, indicating Bitcoin’s limited supply of 21 million bitcoins. According to the company, the ETF takes a regulatory approach based on PlanB’s Bitcoin Stock-to-Flow (S2F) model, a key quantitative model for predicting BTC prices.

“We refer to the well-known stock-to-flow model as input to understand how the Bitcoin mining supply shock due to its planned halving could affect the price and duration of Bitcoin. Bitcoin points. Based on what we see, we can adjust our mining-related exposure accordingly, ”said Volt Equity.

Volt Equity’s product, approved by the US Securities and Exchange Commission (SEC) in early October, is not a pure Bitcoin ETF as it is based on companies with significant exposure to Bitcoin.

The ETF tracks so-called “Bitcoin Industrial Revolution Companies”, including the cryptocurrency exchange MicroStrategy, Tesla, Twitter, Square and Coinbase by Michael Saylor as well as Bitcoin miners such as Canaan, Bitfarms and Bitcoin. Riot blockchain. Volt Equity will periodically review the Fund’s holdings and allocations “as needed” based on research, data and models such as S2F.

“Bitcoin is not just a coin, it’s a revolution that includes miners, companies who use it on their balance sheets, and everyday HODLers who want to keep the first digital warehouse. Has value the government cannot inflate” said Park.

Related: SEC chairman Gary Gensler is really a bitcoin supporter, argues Volt Equity CEO

The latest ETF launch comes shortly after the NYSE Arca listed a Bitcoin futures-linked ETF from the investment firm ProShares on October 19.

In mid-October, the large crypto fund Bitwise Asset Management also filed with the SEC to list a pure Bitcoin ETF on the NYSE Arca. The SEC has yet to approve an ETF that will track Bitcoin prices directly.

Large asset management company AXS Investments Submit for two Bitcoin futures ETFs on October 27th. According to Bloomberg senior ETF analyst Eric Balchunas, major crypto investment firm Grayscale Investments Expectation The SEC will approve its spot Bitcoin ETF in July 2022.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.