NewsletterWorld Funds Trust Submits 6 Bitcoin ETF Filings With US SEC
In yet another development in the spot Bitcoin ETF space, a new applicant approached the U.S. Securities and Exchange Commission (SEC) with the form N1-A, joining the likes of Blackrock and Fidelity in the fray for the first ever spot ETF approval in the United States.
Also Read: Fidelity Files For Bitcoin ETF Registration As Securities
World Funds Trust Bitcoin ETF Filings
On January 3, 2024, the World Funds Trust filed for 6 spot BTC ETF applications, with Tuttle Capital as the investment adviser to the Fund. The 6 filings comprise 3 each of leveraged and inverse BTC ETFs. Importantly, these filings mentioned that the proposed ETFs intend to use the proposed iShares Spot Bitcoin ETF, filed by investment manager Blackrock. Here are the 6 proposed spot BTC Daily Target ETFs:
T-Rex 1.5X Inverse Spot Bitcoin Daily Target ETF
T-Rex 1.5X Long Spot Bitcoin Daily Target ETF
T-Rex 1.75X Inverse Spot Bitcoin Daily Target ETF
T-Rex 1.75X Long Spot Bitcoin Daily Target ETF
T-Rex 2X Inverse Spot Bitcoin Daily Target ETF
T-Rex 2X Long Spot Bitcoin Daily Target ETF
These funds are said to be different from the other spot ETFs, in that they are riskier because the funds aim to magnify the performance of an exchange traded fund that seeks to replicate the performance of Bitcoin, in this case the Blackrock Bitcoin ETF. For example, the 1.5X Long Spot BTC Daily Target ETF seeks daily investment results, before fees and expenses, of 150% of the Blackrock BTC ETF.
Blackrock BTC ETF To Get Nod Before January 10, 2024?
While the T-Rex Spot BTC Daily Target ETF filings come as late entrants compared to the likes of Ark Invest 21Shares and Grayscale, these applicants, including $9 trillion investment manager Blackrock, are expected to receive the much awaited approval between January 8-10, 2024.
Besides Blackrock and Fidelity, Ark Invest – 21Shares, Valkyrie, Bitwise and Grayscale are also among the companies in fray for the first ever spot Bitcoin ETF in the United States.
Also Read: Sources: US SEC Can Notify Bitcoin ETF issuers Approval Notice By Jan. 5
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- ‘I Won’t Back Down,’ Michael Saylor Reinforces Strategy’s Bitcoin Mission
- Eric Trump Says Now Is a Great Time to Buy Bitcoin Amid Crypto Crash
- Dogecoin, Cardano, Shiba Inu Eye Wider Adoption as Coinbase Announces Perpetual-Style Futures
- Solana News: SOL’s Supply Could Drop Twice as Fast as Disinflation Proposal Goes Live
- Trump Tariffs: White House Prepares Plan B as Crypto Market Awaits Supreme Court Ruling
- Here’s Why XRP Price Will Hit $3 This Week
- Zcash Price Soars 10% as OKX Eyes ZEC Relisting
- WLFI Price Soars 17%: What’s Fueling the Surge?
- Dogecoin Price Eyes $0.2 Rally Ahead of Grayscale’s NYSE ETF Debut on November 24
- Crypto Market Eyes Major Rebound as Fed Rate Cut Chances Rise to 71%
- Dogecoin Price Finds Support: Can the 21Shares & Grayscale DOGE ETFs Spark a Surge?
