What You Need to Know
Alpha Architect has plans for an ETF that invests in companies associated with cryptocurrency mining; Osprey Funds, sponsor of the Osprey Bitcoin Trust.
RIA Digital Assets Council partnered with the New York Institute of Finance for its certificate program.
Schwab and Nuveen add new funds.
In another twist on the rush to sponsor a cryptocurrency ETF, Alpha Architect has filed an application with the Securities and Exchange Commission to launch an ETF that invests in companies associated with the mining of cryptocurrencies rather than in cryptocurrencies themselves.
The Alpha Architect ETF Trust plans to invest at least 80% of its assets in the equities of companies “actively involved in the entire spectrum of cryptocurrency mining, from producers of computer chips (foundries), to manufacturers of computer equipment (manufacturers),” to directly investing in market participants creating cryptocurrency themselves (miners), but it will not invest direct