Wilshire Phoenix thinks it could crack the code for ETP approval by mitigating bitcoin volatility
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Quick Take
- Asset manager Wilshire Phoenix is proposing an exchange traded product (ETP) for SEC approval that hedges bitcoin against U.S. Treasury bills
- The company thinks the more stable framework may garner approval since the SEC has rejected ETF proposals citing volatility concerns
- The framework seeks to attract a new investor base interested in dipping a toe into crypto, but without the ups and downs that can come with a full-bore bitcoin investment
In the wake of recent delays by the Securities and Exchange Commission in ruling on exchange-traded product proposals, a little-known asset manager thinks it may have figured out a way for big investors to tap into bitcoin without the volatility. The Wilshire Phoenix United States Bitcoin and Treasury Investment Trust filed an S-1 back in […]
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