The U.S. Bitcoin and Treasury Investment Trust (the "Trust") filed a registration statement with the SEC for an initial public offering of the Trust's common shares. According to the sponsoring investment management firm, Wilshire Phoenix, LLC, the exact number of common shares to be offered and the price range for the offering has yet to be decided. According to the registration statement, "the purpose of the Trust is to provide investors with exposure to Bitcoin in a manner that is more efficient, convenient and less volatile than purchasing stand-alone Bitcoin."
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