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AdvisorShares allows AdvisorShares Gerber Kawasaki ETF to invest up to 5% of its ETF assets in other Bitcoin ETFs

AdvisorShares allows AdvisorShares Gerber Kawasaki ETF to invest up to 5% of its ETF assets in other Bitcoin ETFs

2024/02/03 01:16
BTC-0.12%

Investment management company AdvisorShares disclosed new strategies, risks and other information to the U.S. Securities and Exchange Commission (SEC), allowing AdvisorShares Gerber Kawasaki ETF to invest up to 5% of its ETF assets in other Bitcoin ETFs. It was previously reported that investment management company AdvisorShares submitted a Bitcoin ETF application document to the U.S. Securities and Exchange Commission (SEC), planning to offer the AdvisorShares Managed Bitcoin ETF (trading code: CRYP) on NYSEArca. This ETF is an actively managed one, which will not directly invest in BTC.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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