RATE Group | United States Bitcoin and Treasury Investment Trust Files Amendment No. 6 to its S-1 Reg…
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United States Bitcoin and Treasury Investment Trust Files Amendment No. 6 to its S-1 Reg…

15 Feb United States Bitcoin and Treasury Investment Trust Files Amendment No. 6 to its S-1 Reg…

Posted at 06:22h in Bitcoin News by

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NEW YORK–(BUSINESS WIRE)–Wilshire Phoenix Funds, LLC, the sponsor of the United States Bitcoin and Treasury Investment Trust (the “Trust”) announced today that the Trust has filed Amendment No. 6 to its registration statement on its Form S-1 with the Securities and Exchange Commission (“SEC”) relating to the planned initial public offering of its common shares (the “Shares”). The Trust is an exchange-traded product (ETP) that will issue Shares that will trade on NYSE Arca once approved by the SEC. The initial registration statement was filed with the SEC on January 11, 2019 and Amendment No. 6 was filed on February 14, 2020.

The purpose of the Trust is to provide investors with exposure to Bitcoin in a regulated and transparent manner that is consistent with investor protection, while also mitigating some of the risk by reducing the volatility typically associated with the purchase of Bitcoin.

The Trust’s constituents will be (a) Bitcoin, a digital…

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