American crypto asset manager Grayscale Investments has made a push to list a new Bitcoin Adapters ETF product in the United States. According to its registration statement filed with the Securities and Exchange Commission (SEC), the new product will trade on NYSE Arca. It sets a new path for Grayscale as one of the key promoters of alternative crypto ETF product.
Grayscale and Bitcoin Adapters ETF: A Strategic Move
The Grayscale Bitcoin Adapters ETF is new and will seek to track the shares of publicly listed companies with a Bitcoin treasury strategy. The ETF filing, if approved, will hold the shares of these companies in weighted proportion. The ETF will represent an indirect exposure to Bitcoin via these companies shares.
This ETF from Grayscale Investments is one of the few it has filed today. As reported by Coingape, Grayscale has also filed to list a Litecoin ETF with the US SEC.
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The post Just-In: Grayscale Files for Bitcoin Adapters ETF appeared first on CoinGape.
