{"id":359077,"date":"2021-10-28T11:35:11","date_gmt":"2021-10-28T08:35:11","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/volt-equitys-bitcoin-revolution-etf-goes-live-on-nyse-today\/"},"modified":"2021-10-28T11:35:11","modified_gmt":"2021-10-28T08:35:11","slug":"volt-equitys-bitcoin-revolution-etf-goes-live-on-nyse-today","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/volt-equitys-bitcoin-revolution-etf-goes-live-on-nyse-today\/","title":{"rendered":"# Volt Equity\u2019s \u2018Bitcoin revolution\u2019 ETF goes live on NYSE today"},"content":{"rendered":"

“# Volt Equity\u2019s \u2018Bitcoin revolution\u2019 ETF goes live on NYSE today <\/strong>”
\n<\/p>\n

The New York Stock Exchange (NYSE) continues listing Bitcoin (BTC)-linked exchange-traded funds (ETF), with Volt Equity becoming the latest company to debut such a product on the exchange.<\/p>\n

Volt Equity\u2019s Crypto Industry Revolution and Tech ETF will debut trading on the electronic securities exchange NYSE Arca on Oct. 28, the company\u2019s CEO Tad Park told Cointelegraph. The ETF will be available for trading at market opening under the ticker symbol BTCR.<\/p>\n

BTCR will open at $21, giving a nod to Bitcoin\u2019s capp<\/a>ed supply of 21 million Bitcoin. According to the company, the ETF is implementing a management approach informed by PlanB\u2019s Bitcoin Stock-to-Flow (S2F) model, a major quantitative model intending to predict BTC price.<\/p>\n

\u201cWe consult the famous Stock-to-Flow model as one input to understand how Bitcoin\u2019s mining supply shock due to its scheduled halvings could affect Bitcoin\u2019s price and when. Based on what we\u2019re seeing, we could adjust our mining-related exposure accordingly,\u201d Volt Equity said.<\/p>\n

Approved by the United States Securities and Exchange Commission (SEC) in early October, Volt Equity\u2019s product is not a pure Bitcoin ETF as it\u2019s based on companies with significant exposure to Bitcoin.<\/p>\n

The ETF tracks<\/a> so-called \u201cBitcoin Industry Revolution Companies,\u201d including Michael Saylor\u2019s MicroStrategy, Tesla, Twitter<\/a>, Square, Coinbase crypto exchange as well as Bitcoin mining companies like Canaan, Bitfarms and Riot Blockchain. Volt Equity will regularly review the fund\u2019s holdings and allocations \u201cwhen appropriate\u201d based on research, data and models like the S2F.<\/p>\n

\u201cBitcoin is not just a coin, it\u2019s a revolution that encompasses miners, companies using it on their balance sheet, and everyday HODLers who want to hold the first digital store of value that can\u2019t be inflated away by a government,\u201d Park said.<\/p>\n

Related: <\/em><\/strong>SEC Chair Gary Gensler actually is pro-Bitcoin, Volt Equity CEO argues<\/em><\/strong><\/p>\n

The latest ETF launch comes soon after NYSE Arca listed a Bitcoin futures-linked ETF by investment company ProShares on Oct. 19. As previously reported, ProShares\u2019 Bitcoin Strategy ETF became the first Bitcoin futures-linked ETF to launch in the United States.<\/p>\n

In mid-October, major cryptocurrency fund Bitwise Asset Management also applied with the SEC to list a pure Bitcoin ETF on NYSE Arca. The SEC has not yet approved an ETF that would track Bitcoin price directly.<\/p>\n

Major asset management firm AXS Investments filed<\/a> for two Bitcoin futures ETFs on Oct. 27. According to Bloomberg senior ETF analyst Eric Balchunas, major crypto investment firm Grayscale Investments expects<\/a> the SEC to approve its spot Bitcoin ETF by July 2022.<\/p>\n