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September 24, 2020
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Bitcoin

New Bitcoin investment trust, US fund applies to SEC


New application for Wilshire Phoenix It has been discovered that US fund company Wilshire Phoenix is ​​applying to the Securities and Exchange Commission (SEC) for a new bitcoin investment trust. According to the documents submitted to the SEC, the name of the mutual fund is “BITCOINCOMMODITYTRUST (BCT)”, and the actual bitcoin is the underlying asset. The price index uses the index “BRR” provided by the major derivative exchange CME. BRR, which is also used for CME Bitcoin futures, is a finger that incorporates Bitcoin price movements on several major cryptocurrency exchanges.

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