The US SEC has reportedly granted approval for the Volt Crypto Industry Revolution and Tech ETF, making it possible for investors to tap into firms with major Bitcoin (BTC) exposure. 

Specifically, the legally authorized exchange-traded fund is reportedly established with a primary intention of tracking for what is referred to as “Bitcoin Industry Revolution Companies” – known as the establishments having a large proportion of their assets in BTC or acquire a significant sum of their profits from Bitcoin mining, lending or transacting. 

Eighty percent of the fund’s holdings will reportedly be dedicated to the above-mentioned firms, with the listing of the new ETF finalized on a New York Stock Exchange Arca listing, under the ticker symbol BTCR.

U.S. securities lawmakers have reportedly been pondering upon for quite a while, regarding if a first Bitcoin ETF should be legally authorized. 

On October 8th, the SEC reportedly disclosed details regarding the 45-day postpone for its decision concerning four Bitcoin ETFs, pushing back the timelines on the Global X Bitcoin Trust, Valkyrie XBTO Bitcoin Futures Fund, WisdomTree Bitcoin Trust, and Kryptoin Bitcoin ETF to Nov. 21, Dec. 8, Dec. 11 and Dec. 24, respectively.

The freshly approved Volt Equity fund – bearing some differences from other proposals for a physically-backed Bitcoin ETF – came with no tracking for the price of Bitcoin or holding the asset in custody.

Instead, the fund reportedly aims to gain exposure to firms that make a major part of their business from Bitcoin-associated activities.

Due to that nature, the Volt offering will reportedly be the closest thing U.S. investors have to a pure-play Bitcoin ETF for now.