United States:
U.S. Bitcoin And Treasury Trust Files SEC Registration Statement
21 January 2019
Cadwalader, Wickersham & Taft LLP
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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."
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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