Tag: Blockforce

Blockforce Capital’s Crypto Fund Captures 86% of Bitcoin’s Upside in 2020

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In the first two months of 2020, Blockforce Capital’s multi-strategy master fund saw a 16.8 percent return compared to a 19.5 percent return in bitcoin, the company announced in a note to accredited investors.  Blockforce is a seasoned ETF issuer which specializes in alternative investment vehicles for investors. In February of last year the company infamously filed the first proposal for an exchange-traded fund made up of a mix of currencies including bitcoin only to pull the fund at the U.S. Securities and Exchange Commission’s request the next day. Currently,…

Why the SEC Asked Blockforce Capital to Pull a Bitcoin ETF Proposal as Soon as It Was Filed

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When Reality Shares ETF Trust, a branch of Blockforce Capital, pulled its filing of a proposed exchange-traded fund made up of 15 percent bitcoin and 85 percent global currencies, many observers assumed the company made a mistake. It turns out the U.S. Securities and Exchange Commission previously told the asset management firm that it could file the proposal  — only if it pulled it immediately afterward, according to Blockforce’s CEO.  The proposal was filed under the Investment Company Act of 1940, which would have resulted in it becoming automatically approved…