Ever since Bitcoin (BTC) has made it to the mainstream industry, many companies and crypto firms are aiming to provide more to the public. There are many exchanges that have started providing pool and staking services for Bitcoin (BTC).
Then there are many who are going for the exchange-traded funds for Bitcoin (BTC). The exchange-traded fund (ETF) is a service almost every cryptocurrency firm and other firms are aiming to launch. They want to offer the best to their customers and bring in more adoption. This is the reason why many companies are going for the ETF among all other products to bring more exposure to Bitcoin (BTC).
Just recently, Teucrium Trading revealed news for its users and the entire cryptocurrency industry. The firm announced that it is planning to offer an exchange-traded fund (ETF) for Bitcoin (BTC) to the crypto community.
The company has proven that it was not just thinking about it but was serious about taking the next step. Therefore, the company has recently submitted a file to the Securities and Exchange Commission (SEC). The film revolves around Teucrium Trading providing Bitcoin (BTC) exchange-traded fund (ETF) services to the users.
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Now the decision is with the US SEC to approve the request and let Teucrium Trading proceed with their plans.
The sources have confirmed that Teucrium Trading has filed the request at the Securities and Exchange Commission on Thursday. Once approved, Teucrium Trading would proceed with launching its ETF titled “Teucrium Bitcoin Futures Fund”.
The particular ETF will be launched through the NYSE Arca stock exchange, where the users will be able to trade the firm’s shares under the symbol BCFU. The company has confirmed that the contract for the services would be dealt with in cash.
Teucrium Trading is currently headquartered in Vermont and is known for offering several exchange-traded funds (ETFs). The company currently offers the majority of the ETFs in the agricultural sector. Some of them include the Teucrium Agricultural Fund, the Teucrium Sugar Fund, the Teucrium Soybean Fund, the Teucrium Wheat Fund, and the Teucrium Corn Fund.
The news of Teucrium Trading comes right after an investor warning that was issued by the Securities and Exchange Commission. In the warning, the Securities and Exchange Commission warned investors about the risks involved while dealing with mutual funds. The major concern over the mutual funds was involved with Bitcoin futures.
The SEC has reminded investors about the risks involved in dealing with any product related to Bitcoin (BTC). They have stated that Bitcoin (BTC) is an extremely volatile and unregulated asset. Although it has been adopted in the mainstream sector, still it does not hide the fact that Bitcoin (BTC) is volatile.