In Brief:
- Bitcoin Revolution, a new Bitcoin-linked ETF has been listed on the New York Stock Exchange.
- Volt Equity became the latest company to launch one.
- The fund will be managed according to PlanB’s Bitcoin stock-to-flow model
Bitcoin Revolution, a new Bitcoin-linked exchange-traded fund (ETF) by Volt Equity, has been listed on the New York Stock Exchange (NYSE). Volt Equity became the latest company to launch one.
Tad Park, the company’s CEO, said that Volt Equity’s Crypto Industry Revolution and Tech ETF is set to launch trading on NYSE Arca on Thursday morning. The ETF will trade under the ticker symbol BTCR.
The ETF will open at $21, reflecting Bitcoin’s capped supply of 21 million BTC. The fund will be managed according to PlanB’s Bitcoin stock-to-flow (S2F) model, which represents a popular quantitative tool for predicting Bitcoin’s value.
Volt Equity said, “We consult the famous Stock-to-Flow model as one input to understand how Bitcoin’s mining supply shock due to its scheduled halvings could affect Bitcoin’s price and when. Based on what we’re seeing, we could adjust our mining-related exposure accordingly.”
The Volt Equity bitcoin ETF, which was approved by the Securities and Exchange Commission in early October, is not a pure Bitcoin exchange-traded fund because it is based on companies with significant exposure to Bitcoin.
Park said, “Bitcoin is not just a coin, it’s a revolution that encompasses miners, companies using it on their balance sheet, and everyday HOLDers who want to hold the first digital store of value that can’t be inflated away by a government”
It comes just days after NYSE Arca listed the first Bitcoin-linked ETF in the United States, ProShares Bitcoin Strategy ETF, on Oct. 19.
