ETF Issuers Find Creative Workarounds to SEC’s Crypto Stance The Simplify U.S. Equity PLUS Bitcoin ETF (SPBC) will invest up to 15% of its assets in cryptocurrencies, either “indirectly and solely” through the $34 billion Grayscale Bitcoin Trust (GBTC).
Katie Greifeld | Mar 11, 2021
(Bloomberg) U.S. exchange-traded fund issuers are getting increasingly creative as the Securities and Exchange Commission continues to demur on approving a pure cryptocurrency fund.
While the bulk of its holding will be in U.S. stocks, the
Simplify U.S. Equity PLUS Bitcoin ETF (SPBC) will invest up to 15% of its assets in cryptocurrencies, either “indirectly and solely” through the $34 billion