World Funds Trust Makes Bold Move with 6 Bitcoin ETF Filings as Markets Heat Up
World Funds Trust has made a thrilling debut in the world of ETFs by submitting six Bitcoin ETF applications to the U.S. Securities and Exchange Commission (SEC). This strategic move has caught the attention of many, with Tuttle Capital serving as the investment adviser and placing World Funds Trust alongside major players like Blackrock and Fidelity.
Let’s dive into the details of these filings!
On January 3, 2024, World Funds Trust officially submitted six spot Bitcoin ETF applications. Tuttle Capital will be the investment adviser for these funds. These applications consist of three leveraged and three inverse BTC ETFs, offering a fresh dimension to the ongoing pursuit of the first spot ETF approval in the United States.
The proposed ETFs are modeled after the iShares Spot Bitcoin ETF, which was filed by Blackrock. Some details, such as stock codes and fees, are still being finalized. Bloomberg Intelligence ETF analyst Henry Jim has mentioned that these specifics are pending. The anticipated launch date for these ETFs is March 18, 2024, creating a buzz within the cryptocurrency market.
Now let’s take a closer look at the T-Rex ETF options:
– T-Rex 1.5X Inverse Spot Bitcoin Daily Target ETF
– T-Rex 1.5X Long Spot Bitcoin Daily Target ETF
– T-Rex 1.75X Inverse Spot Bitcoin Daily Target ETF
– T-Rex 1.75X Long Spot Bitcoin Daily Target ETF
– T-Rex 2X Inverse Spot Bitcoin Daily…
pic.twitter.com/eLFTiS1Gq9
— ETF Hearsay by Henry Jim (@ETFhearsay) January 3, 2024
In addition, World Funds Trust’s suite of Bitcoin ETF applications introduces a variety of options. These include T-REX 1.5X, 1.75X, and 2X Long Spot Bitcoin Daily Target ETFs, as well as T-REX 1.5X, 1.75X, and 2X Inverse Spot Bitcoin Daily Target ETFs.
These funds aim to offer investors daily leveraged or inverse investment results, catering to different levels of risk and investment preferences.
Now let’s talk timing and regulatory outlook:
While World Funds Trust’s T-Rex Spot BTC Daily Target ETF filings may seem slightly delayed compared to some industry peers, there is speculation about potential approval. Given Blackrock’s significant role as a $9 trillion investment manager, there are suggestions that approval could be granted between January 8-10, 2024.
As the days go by, the excitement continues to build! World Funds Trust’s entry into the Bitcoin ETF market reflects the growing interest in providing diverse investment options for engaging with the cryptocurrency market. With more companies and financial institutions exploring opportunities in this space, it highlights the increasing demand for innovative and accessible ways to invest in Bitcoin and other digital assets.
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