World Funds Trust Bitcoin ETF Filings
World Funds Trust has filed six Bitcoin ETF applications with the U.S. Securities and Exchange Commission (SEC). Tuttle Capital will serve as the investment adviser for these funds. The proposed ETFs are modeled after the iShares Spot Bitcoin ETF, which was filed by Blackrock, and the anticipated launch date for these ETFs is March 18, 2024.
Introducing T-REX ETF Options
World Funds Trust’s suite of Bitcoin ETF applications offers a variety of options, featuring both leveraged and inverse funds. These include T-REX 1.5X, 1.75X, and 2X Long Spot Bitcoin Daily Target ETFs, as well as T-REX 1.5X, 1.75X, and 2X Inverse Spot Bitcoin Daily Target ETFs.
Timing and Regulatory Outlook
The industry has speculated the potential approval of these filings. Given Blackrock’s significant role as a $9 trillion investment manager, there is suggestions that approval could be granted between January 8-10, 2024.
It’s Getting More Exciting as the Days Pass By!
The entry of World Funds Trust into the Bitcoin ETF market reflects the growing interest in offering diverse investment options. This reflects the increasing demand for innovative and accessible ways to invest in Bitcoin and other digital assets.
Hot Take
World Funds Trust has made a major move with its application for six Bitcoin ETFs, introducing a new dynamic to the quest for the first spot ETF approval in the U.S. The potential of approval and impending launch date has generated a lot of buzz, ultimately reflecting the growing interest and demand for diverse investment options in the cryptocurrency market.
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