Mission to Establish Bitcoin ETF is Still Going, As California Asset Manager Figures Out a Loophole

The concept of a Bitcoin ETF has been keeping investors in the cryptocurrency world encouraged and enthused that the bear market is not permanent, and that salvation is coming. When VanEck decided to pull their application amid the government shutdown, many investors became worried about the impact it could have. Still, one asset manager in California believes that there is a sneaky way to bring bitcoin into this type of exchange-traded fund, saying that it's the best chance of getting crypto approved through the Securities and Exchange Commission. Reality Shares was the catalyst behind one of the first ETFs in the tracking of the blockchain market, as The Block notes. Working towards this Bitcoin ETF, the firm filed a prospectus, which included the option of listing a fund of currencies with bitcoin futures on the list. By getting this prospectus approved, the firm would be offering the first fund that makes it possible to be directly exposed to the crypto market, and would list the