‘Bitcoin revolution’ ETF by Volt Equity goes live on NYSE

Volt Equity is next on the list for bringing its Bitcoin-linked exchange-traded funds (ETF) on the New York Stock Exchange (NYSE). The company is the latest to debut an ETF product on the exchange.

Tad Park, the CEO of the company, informed that it has also decided to debut Crypto Industry Revolution and Tech ETF on the electronic securities exchange NYSE Arca today. It will start trading and will be available at the market opening time under the ticker symbol, BTCR.

The opening price for BTCR is decided to be $21, as a nod to BTC’s total supply of 21 million coins. As per Volt Equity, the ETF works on a management approach under the Stock-to-Flow (S2F) model by PlanB. It is considered one of the biggest quantitative models for BTC price prediction.

The company said:

“We use the well-known Stock-to-Flow model as one input to understand how Bitcoin’s mining supply shock, as a result of its scheduled halvings, can affect BTC price and when. Based on what we’re observing, we might adjust our mining-related exposure.”

The U.S. Securities and Exchange Commission (SEC) approved the ETF in early October. However, the product by the company is not a pure BTC ETF and is based on the companies that have major exposure to BTC.

Volt Equity ETF tracks miners and companies

The Volt Equity’s ETF will track “BTC Industry Revolution Companies,” including MicroStrategy, Twitter, Coinbase, Tesla, and major BTC mining companies like Bitfarms, Riot Blockchain, and Canaan.

The ETF will research and frequently review the companies’ holdings and crypto allocations “when needed” using the models like S2F.

Park said:

“Bitcoin is not only a coin but is a revolution that incorporates miners, companies using it on their balance sheet, along with individual HODLers who want to hold the first digital store of value that can’t be inflated and controlled by any government.”

Before this, as TheCoinRise reported, on October 19, ProShares debuted its Bitcoin Futures ETF on NYSE after getting approved by the SEC. The SEC chair Gary Gensler hinted that many more Bitcoin ETFs would be coming, which surged the BTC price to mark a new ATH.