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Simplify Asset Management Files With SEC To Launch Web3-Related ETF
Summary: Simplify Asset Management has filed with the U.S. Securities and Exchange Commission (SEC) for a web3-related exchange-traded fund (ETF), called the “Simplify Volt Web3 ETF,” which aims to track the potential Web3 companies and may include metaverse companies, per FORM N-1A shows. If approved, the actively managed ETF will be traded on the New York Stock Exchange ...
Simplify Asset Management has filed with the U.S. Securities and Exchange Commission (SEC) for a web3-related exchange-traded fund (ETF), called the “Simplify Volt Web3 ETF,” which aims to track the potential Web3 companies and may include metaverse companies, per FORM N-1A shows.
If approved, the actively managed ETF will be traded on the New York Stock Exchange under the ticker "WIII."
The fund, managed by Simplify Asset Management CEO and co-founder Paul Kim and CIO David Berns, does not invest directly in cryptocurrencies but invest up to 10% of its total assets in the Grayscale Bitcoin Trust.
By Mary Liu
Tags: ETF,SEC,Simplify Asset Management,Web3
Link: Simplify Asset Management Files With SEC To Launch Web3-Related ETF [Copy]
