Silvia Files 5 ETFs Including Bitcoin Treasury mNAV Discount Fund
Summary
- Silvia has filed five ETFs, including the Bitcoin Treasury mNAV Discount ETF, which would invest in Bitcoin treasury companies and related assets.
- The fund would buy when mNAV falls below 1.0x and sell when it rises above 1.15x, while assigning greater weight to assets trading at deeper discounts.
- Silvia also filed the Anti-Fiat ETF, along with the Jensen Interview ETF, Elon Musk ETF and Best Ideas ETF.
Forecast Trend Report by Period
Silvia, an artificial intelligence-focused financial company, has filed for five exchange-traded funds, including one that invests in Bitcoin treasury companies.
Bloomberg ETF analyst Eric Balchunas said on August 13 that Silvia's proposed Bitcoin Treasury mNAV Discount ETF would buy when mNAV falls below 1.0x and sell when it rises above 1.15x. The fund would give larger weights to assets trading at deeper discounts.
Silvia also filed an Anti-Fiat ETF that would invest in Bitcoin, gold and land. Another proposed fund, the Jensen Interview ETF, would invest in companies mentioned by Nvidia Chief Executive Officer Jensen Huang in interviews over the past 30 days.
The filing list also includes an Elon Musk ETF, which could hold as much as 15% in stakes of private companies founded by Musk, including Tesla and SpaceX. Silvia also proposed a Best Ideas ETF that would invest in stocks recommended by guests on Phil Rosen's podcast.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.