The “Galaxy Bitcoin ETF” filing was submitted on April 12, 2021, and joins the seven other bitcoin ETF contenders waiting for approval from the U.S.
“Galaxy Bitcoin ETF is an exchange-traded fund that issues common shares of beneficial interest that trade on NYSE Arca,” The Galaxy ETF filing notes.
Novogratz has been a bitcoin bull for quite some time and speaks about the crypto economy on a regular basis.
“The trust does not intend to purchase or sell bitcoin directly, although the trust may direct the custodian to sell bitcoin to pay certain expenses.
Galaxy will now be the eighth BTC ETF applicant hoping for the SEC’s approval.
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