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