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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 MoveThe 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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Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
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