Wilshire Phoenix requests approval of BTC-based fund

 

The investment firm Wilshire Phoenix has filed a document with the Securities and Exchange Commission seeking approval for a Bitcoin-based trust. The document is an S-1 registration statement and contains details of the Bitcoin Commodity Trust that Wilshire Phoenix intends to publicly launch.

 

According to the document, the trust will offer an unspecified amount to BTC in the form of shares to be sold in an IPO (Initial Public Offering). In addition, Wilshire Phoenix clarified that the trust will be fully backed by BTC and will have the following objectives

 

출처: https://www.crypto-news-flash.com/btc-based-fund-approval-requested-to-sec-bullish-for-bitcoin/

Bullish news: Wilshire Phoenix requests approval of Bitcoin-based fund