Bitcoin

The passively managed fund will be made available to qualified purchasers through family offices, RIAs and other institutions, a person familiar with the matter says.

The fintech’s new executive says cryptocurrency will help communities that the financial services industry isn’t serving.

The fund would provide broad-based exposure to four commodity sectors through futures contracts, according to the filing.

More than a quarter of the respondents hold Bitcoin, while 11% hold Ether, according to the asset manager.

The agency has long urged issuers to address risks and concerns associated with a potential crypto fund, including manipulation, liquidity and custody issues.

The change, the regulator says, will facilitate greater competition and innovation in the ETF marketplace, leading to more choice for investors.

The cost savings of peer-to-peer trading could prove appealing in a world where profits are being squeezed by a race to the bottom on fees.

Wild price swings that have exceeded double-digit percentages in a single day have spurred the regulator to keep a close eye on volatility.

Cash flow has subsided and market conditions have changed since the fund was closed to most new accounts in 2016.

The first-of-its-kind product is cleared and features the same creation-and-redemption process common with traditional offerings.