Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Lorix on July 06, 2020, 04:04:29 PM
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A bitcoin exchange-traded fund may never receive approval from the U.S. Securities and Exchange Commission (SEC), but an even stranger crypto investment vehicle finally has: a blockchain transferred fund.
On Monday, Los Angeles-based money manager Arca began selling shares in the “Arca U.S. Treasury Fund,” an SEC-registered closed-end fund whose digital shares – ArCoins – trade atop the Etethereum blockchain. The fund invests a majority of its assets in short-term U.S Treasury bills and notes. The company told CoinDesk it received a “Notice of Effectiveness” on July 6.
More info: https://www.coindesk.com/arca-labs-launches-ethereum-based-sec-registered-fund