SEC Approves Volt Equity’s Crypto Stock ETF

SEC Approves Volt Equity’s Crypto Stock ETF
The U.S. Securities and Exchange Commission (SEC) has approved an exchange-traded fund (ETF)—the Volt Crypto Industry Revolution and Tech ETF—that aims to provide investors with exposure to publicly traded companies with exposure to bitcoin.According to a prospectus filed Oct. 1, the fund will track the performance of so-called “Bitcoin Industry Revolution Companies”: publicly listed companies that either hold a majority of their net assets in bitcoin, like Microstrategy (MSTR), or that make a majority of their profits through mining or building mining equipment, like Marathon Digital Holdings (MARA).At least 80 percent of the fund’s net assets will be invested in…