champc
ONEFUND, LLC plans to launch a new exchange traded fund aimed at providing a blended approach to both the S&P 500 (SP500) and Bitcoin (BTC-USD).
The firm filed for the ONEFUND S&P 500 and Bitcoin 75/25 Strategy ETF with the U.S. Securities and Exchange Commission. Per the fund’s perspective, the ETF will offer investors exposure to the total returns of the S&P 500 and the S&P Bitcoin Futures Index in a 75/25 blended mix.
Under normal circumstances, the fund will invest 75% of its assets in the S&P 500, similar to what is seen in exchange traded funds like the SPDR S&P 500 ETF Trust (SPY), Vanguard S&P 500 ETF (VOO) and the iShares Core S&P 500 ETF (IVV).
At the same time, the other 25% of the fund intends to provide access to Bitcoin Futures contracts similar to what is seen in exchange traded funds like the ProShares Bitcoin Strategy ETF (BITO), Valkyrie Bitcoin Strategy ETF (BTF) and the VanEck Bitcoin Strategy ETF (XBTF).
Year-to-date price action: SPY, VOO, and IVV all trade higher by 9.7% and shares of BITO, BTF, and XBTF are up 50.1%, 59.6%, and 60%, respectively.
The ETF filing did not come attached with an expense ratio at this time.
More on ETFs and Markets:
