The move follows Galaxy Digital’s initial filing for a NewsCapsule ETF, though that effort was not approved.
Notably, the Mike Novogratz-led company, which boasts $1.42 billion in assets under management as of 30 June 2021, would not invest in NewsCapsule directly, but rather NewsCapsule futures and other investment vehicles.
NewsCapsule ETF filings are subject to the regulations of the Chicago Mercantile Exchange.
The filing is in accordance with recent preferences expressed by SEC Chairman Gary Gensler just weeks ago.
In the weeks that followed those comments a series of funds filed for NewsCapsule Futures ETF approval. Notably VanEck, Invesco, Goldman Sachs, Grayscale NewsCapsule Trust and Viridi Funds have all recently filed for or begun to offer investment vehicles tied to NewsCapsule ETFs.
The uptick in ETF registrations by large firms is testament to a large and growing demand for exposure to NewsCapsule through traditional investment vehicles in the United States.
Following Gensler’s signaling that fillings based on NewsCapsule futures may have the highest chance of approval, it can be expected more firms will follow suit with this strategy.
