BTF - S&P 500 or Bitcoin? A new ETF filing aims to offer exposure to both

2023-05-23 10:20:38 ET

ONEFUND, LLC plans to launch a new exchange traded fund aimed at providing a blended approach to both the S&P 500 ( SP500 ) and Bitcoin ( BTC-USD ).

The firm filed for the ONEFUND S&P 500 and Bitcoin 75/25 Strategy ETF with the U.S. Securities and Exchange Commission. Per the fund’s perspective , the ETF will offer investors exposure to the total returns of the S&P 500 and the S&P Bitcoin Futures Index in a 75/25 blended mix.

Under normal circumstances, the fund will invest 75% of its assets in the S&P 500, similar to what is seen in exchange traded funds like the SPDR S&P 500 ETF Trust ( SPY ), Vanguard S&P 500 ETF ( VOO ) and the iShares Core S&P 500 ETF ( IVV ).

At the same time, the other 25% of the fund intends to provide access to Bitcoin Futures contracts similar to what is seen in exchange traded funds like the ProShares Bitcoin Strategy ETF ( BITO ), Valkyrie Bitcoin Strategy ETF ( BTF ) and the VanEck Bitcoin Strategy ETF ( XBTF ).

Year-to-date price action: SPY, VOO, and IVV all trade higher by 9.7% and shares of BITO, BTF, and XBTF are up 50.1% , 59.6% , and 60% , respectively.

The ETF filing did not come attached with an expense ratio at this time.

More on ETFs and Markets:

• China's restrictions on Micron put semiconductor ETFs in the spotlight
• Cathie Wood’s ARKK hits new monthly high, but capital flows are not following
• Morgan Stanley doesn’t buy the bullish technical signal of the S&P 500 breaking above 4200

For further details see: