Reality Shares to Launch ETF with BTC Futures Investment

As reported, if approved, the new ETF will be released on the NYSE Arca exchange
12 February 2019   340

The American company Reality Shares submitted an application to the US Securities and Exchange Commission (SEC) to create an exchange-traded investment fund (ETF), which provides partial access to Bitcoin futures. This is reported by The Block.

The document states that the new fund will provide access to "both fiat and virtual currencies, that have been widely adopted for use."

To that end, the fund would potentially invest up to 15% of its total assets in bitcoin futures trading on both Cboe Global Markets and CME Group. It could also invest in contracts trading on other bitcoin futures marketplaces at some point, the prospectus noted. In addition, the fund will invest in sovereign debt instruments tied to British Pounds, Japanese Yen, Swiss Francs, and money market mutual funds. 
 

Application Text

Erik Erwin, CEO of Reality Shares, expressed the hope that such a restriction would advantageously distinguish their application compared to full-scale crypto ETFs, with the approval of which the SEC is slow.

If approved, the new ETF will be released on the NYSE Arca exchange.

Wirex to Issue 26 Stablecoins on XLM Blockchain

Wirex chosen Stellar blockchain because company considers it safe, easily scalable and relatively inexpensive to use
25 April 2019   73

British online banking platform Wirex has announced the listing for the XLM token, as well as the release of 26 stablecoins on the Stellar blockchain, pegged to fiat currencies, including USD, EUR, GBP, HKD and SGD.

Prior to this, Wirex card supported eight digital assets and ten fiat currencies.

In addition, Wirex added the ability to instantly convert steablecoins to each other at over-the-counter rates.

As the company expects, new assets will be used for money transfers, issue and redemption of tokens, as well as for payments for services.

The choice of Wirex fell on the Stellar blockchain, as the company considers it safe, easily scalable and relatively inexpensive to use.

Last year Wirex became the third company in a row that received a license to provide services in the UK and Europe.