AdvisorShares Files Application to Launch ETF Based on Bitcoin Futures
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ETF provider AdvisorShares has filed an application with the US Securities and Exchange Commission (SEC) to launch an actively managed exchange traded fund based on Bitcoin futures.

Morgan Creek Capital will co-manage the structure. The partner will serve as the Fund’s sub-adviser.

The instrument complies with the provisions of the Investment Company Act of 1940 and the Securities Act of 1933.

The list of invested assets includes regulated Bitcoin futures, ETPs, including ЕТNs, based on the cryptocurrency and short-term fixed income instruments.

AdvisorShares Managed Bitcoin ETF does not buy Bitcoin directly.

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The SEC chairman Gary Gensler has previously said the regulator is open to considering proposals for launching ETFs based on Bitcoin futures on Chicago Mercantile Exchange.

Valkyrie Investments, VanEck, Invesco, ProShares and Galaxy Digital have submitted applications to launch Bitcoin-based exchange-traded funds in accordance with the US regulator's recommendations.

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