![]() | The drive to attract substantial institutional investment, known as "smart money," into the cryptocurrency realm has ignited a wave of applications for Exchange Traded Funds (ETFs). Empowered Funds, a subsidiary of Alpha Architech operating as EA Advisors, has submitted applications for listing three Bitcoin Futures ETFs. The flagship offering, "Ark 21Shares Active On-Chain Bitcoin Strategy ETF," plans to allocate up to 25% of its funds to digital assets and engage in blockchain strategy ETF trading on the Chicago Mercantile Exchange. ECM manages more than $120 billion in assets as of June 30, 2022! ETFs have emerged as a conduit to attract affluent institutional investors into the crypto ecosystem, with regulatory oversight. The envisioned Empowered Funds Bitcoin futures ETF boasts adaptive strategies, directing up to 100% of capital to underlying assets during bullish market conditions, and 75% to U.S. Treasury Securities during bearish periods. Although various Bitcoin and Ethereum futures ETFs have surfaced, anticipation remains high for a Bitcoin spot ETF. Interestingly, the Securities and Exchange Commission (SEC) will postpone decisions, even for key industry players like BlackRock, until next year. This, my friends, is bullish! [link] [comments] |

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments