Gold-Based Company Submits Application for Bitcoin ETF

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It looks like the love and hype surrounding a bitcoin exchange-traded fund (ETF) hasn’t dissipated completely. A gold fund company has gone crypto and is now developing a new bitcoin ETF that’s currency being reviewed by the Securities and Exchange Commission (SEC). Is Another Bitcoin ETF Heading Our Way? The company bringing the ETF proposal this time around is Kryptoin, a gold-based enterprise situated in Delaware. At the head of the operation is the Jason Toussaint, the former managing director of the World Gold Council. In many ways, gold and bitcoin truly go hand in hand. For one thing, they are both assets designed to prevent the loss of one’s wealth and net worth during economic strife. In addition, bitcoin is often playfully referred to as “digital gold.” The ETF process would work as follows: the fund being developed would track the CME CF bitcoin reference rate over the next…

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