Last updated on January 20th, 2022 at 04:48 pm
The US SEC has actively been involved in the blockchain world, trying to protect the interests of the people, and following the law to the letter. Weeks back, the United States Securities and Exchange Commission stopped Coinbase from releasing its yield program. The SEC is also in the famous legal battle with XRP and its founder, Ripple.
Recently, the SEC approved the Volt Crypto Industry Revolution and Tech ETF, which is designed to offer people seamless interaction with those firms that have high exposure to Bitcoin.
The aim of the ETF is to monitor the progress of firms that fall under the umbrella of Bitcoin Industry Revolution Firms. These companies are those that have decided to store a large percentage of their portfolio in cryptocurrency. They are also those firms that get a major aspect of their revenue from mining Bitcoin or loaning it or even offering transactional services of the crypto.
With this approval on October 5, it is expected that the ETF will trade under BTCR in the New York Stock Exchange.
