World Funds Trust has made an exciting entry into the world of ETFs! In a strategic move that’s got everyone talking, they’ve applied for six Bitcoin ETFs with the U.S. Securities and Exchange Commission (SEC). Tuttle Capital will serve as the investment adviser, positioning World Funds Trust alongside major players like Blackrock and Fidelity.
Here are all the details you need!
World Funds Trust Bitcoin ETF Filings
On January 3, 2024, World Funds Trust officially submitted six spot Bitcoin ETF applications. Tuttle Capital is set to be the investment adviser for these funds. These applications, which include three leveraged and three inverse BTC ETFs, introduce a new element to the ongoing quest for the first spot ETF approval in the United States.
The proposed ETFs are modeled after the iShares Spot Bitcoin ETF, which was filed by Blackrock. Some details, such as stock codes and fees, are yet to be finalized. Bloomberg Intelligence ETF analyst Henry Jim has noted that these specifics are pending. The anticipated launch date for these ETFs is March 18, 2024, generating excitement within the cryptocurrency market.
Also Read: Goldman Sachs Teams Up with “Big Names” for Spot Bitcoin ETFs Approval
Introducing T-REX ETF Options
World Funds Trust’s suite of Bitcoin ETF applications offers a variety of options. 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.
These funds aim to provide investors with daily leveraged or inverse investment results, catering to different risk levels and investment preferences.
Timing and Regulatory Outlook
While World Funds Trust’s T-Rex Spot BTC Daily Target ETF filings may seem to come later than those of some industry peers, there is speculation about potential approval. Given Blackrock’s significant role as a $9 trillion investment manager, there are suggestions that approval could be granted between January 8-10, 2024.
It’s Getting More Exciting as the Days Pass By!
World Funds Trust’s entry into the Bitcoin ETF market reflects the growing interest in offering diverse investment options for engaging with the cryptocurrency market. As more companies and financial institutions explore opportunities in this space, it underscores the increasing demand for innovative and accessible ways to invest in Bitcoin and other digital assets.
ReadMore: SEC Holding Meetings With Nasdaq, CBOE, and NYSE Regarding Bitcoin ETF
Source: https://coinpedia.org/news/world-funds-trust-submits-6-bitcoin-etf-applications-awaits-for-sec-approval/