US to launch STKD Bitcoin & Gold ETF fund to invest in bitcoin and gold
The issuers will be Tidal Investments and Quantify Chaos Advisors
28.06.2024 - 12:15
191
1 min
0
What’s new? Tidal Investments and Quantify Chaos Advisors intend to launch an exchange traded fund (ETF) called the STKD Bitcoin & Gold ETF, which will give traders and investors access to both bitcoin and gold without having to buy those assets.
What else is known? According to a filing for the US Securities and Exchange Commission (SEC), the managers expect that combining historically unrelated assets can provide share holders with additional benefits:
“By blending assets with low correlation, the Fund aims to reduce the impact of short-term market fluctuations on the overall investment outcome, potentially providing a more stable investment trajectory.”
The ETF will utilize leverage and will not directly invest in bitcoin or gold bullion. Instead, the funds will go into futures and ETFs based on both assets.
According to the filing, the fund will be launched on September 9 this year. However, the ticker symbol and management fees were not specified in the document.
The largest gold ETF SPDR Gold Trust (GLD) with a capitalization of $62 billion is up by 12,7% this year. Among spot BTC ETFs, BlackRock’s IBIT is leading with $18,8 billion in assets. Since the start of trading in January, the growth in the value of shares amounted to 25,2%.
Earlier, State Street and Galaxy Digital announced the launch of a crypto fund for access to shares of crypto firms and ETF shares.
Useful material?
Telegram 
Twitter Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Mining
The Deputy Energy Minister explained that in deficit regions, it is impossible to allocate large capacities for industry enterprises until 2030
Oct 30, 2024
Market
Customers will also be able to withdraw funds to bank accounts using cards
Oct 30, 2024
Cryptocurrency rates
-
Bitcoin
$68 355
BTC
-1.1%
-
Ethereum
$2 423.83
ETH
-2.01%
-
BNB Smart Chain
$570.25
BSC
-0.32%
-
Ripple
$0.506789
XRP
-0.1%
-
Dogecoin
$0.163243
DOGE
+7.38%
-
Cardano
$0.330652
ADA
-0.87%
-
Bitcoin Cash
$332.72
BCH
-1.73%
-
Polkadot
$3.81
DOT
-0.03%
-
Litecoin
$66.46
LTC
-1.16%
-
Stellar XLM
$0.091369
XLM
-0.25%