World Funds Trust Submits Six Applications for Bitcoin ETFs, Awaiting SEC Approval

World Funds Trust has taken a bold step into the world of Bitcoin ETFs by submitting applications for six of them to the U.S. Securities and Exchange Commission (SEC). Tuttle Capital has been appointed as the investment adviser for these funds, marking their entrance into the race alongside major players such as Blackrock and Fidelity.

The official filings for the World Funds Trust Bitcoin ETFs were made on January 3, 2024. Tuttle Capital will serve as the investment adviser for these funds. These filings, known as N1-A filings, consist of three leveraged and three inverse BTC ETFs. This adds a new and exciting element to the ongoing quest for the approval of the first-ever spot ETF in the United States.

According to the filings, the proposed ETFs plan to utilize the iShares Spot Bitcoin ETF, which was filed by investment manager Blackrock. Bloomberg Intelligence ETF analyst Henry Jim has provided insights, revealing that certain details such as stock codes and fees are still to be determined. The scheduled effective date for these ETFs is March 18, 2024, creating an atmosphere of anticipation in the cryptocurrency market.

The T-Rex spot BTC daily target ETFs consist of six different options. These include the 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, and T-Rex 2X Long Spot Bitcoin Daily Target ETFs.

World Funds Trust’s suite of Bitcoin ETF applications introduces a range of choices for investors. The T-Rex ETFs offer different risk levels to cater to various investment preferences, providing daily inverse leveraged or long leveraged investment results.

While the T-Rex Spot BTC Daily Target ETF filings may seem to be coming in later compared to other industry players, there is speculation that these applications, combined with the participation of Blackrock as a $9 trillion investment manager, could secure approval between January 8-10, 2024.

World Funds Trust’s entry into the Bitcoin ETF market reflects the growing interest in providing investors with diverse options for exposure to the cryptocurrency market. As more companies join in, it signifies their desire to offer greater opportunities for individuals interested in investing in Bitcoin.