VanEck Files Prospectus for a New Bitcoin Futures Mutual Fund

VanEck Files Prospectus for a New Bitcoin Futures Mutual Fund

Investment firm VanEck filed a new draft prospectus for a bitcoin futures mutual fund with the U.S. Securities and Exchange Commission (SEC) on Monday.

According to the prospectus, the “Bitcoin Strategy Fund” will invest in bitcoin futures contracts as well as pooled investment vehicles and exchange-traded products (ETPs) with exposure to bitcoin. However, the fund will not invest in bitcoin or other digital assets directly.

The fund will invest in bitcoin futures through a subsidiary in the Cayman Islands and the portfolio will be managed by Gregory Krenzer. The fund's fee structure was left blank in the document.