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.