Captured By Tracy D'souza / 12:12 pm on 4 January 2024
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. 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:
