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Reality Shares Files Application to SEC for Bitcoin ETF
Reality Shares, Inc., a privately owned investment manager, on Thursday, filed an application for the Reality Shares Nasdaq Blockchain Economy exchange-traded fund, a bitcoin ETF. Blockchain technology allows digital currencies to be exchanged without the oversight of a central bank or government. The Reality Shares fund "is designed to measure the returns of companies that are committing material resources to developing, researching, supporting, innovating or using blockchain technology for their proprietary use or for use by others," according to a filing with the Securities and Exchange Commission. Bitcoin ... (full story)