Arca Labs Launches Ethereum-Based SEC-Registered Fund

[Lorix]

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