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AdvisorShares allows the AdvisorShares Gerber Kawasaki ETF to invest up to 5% of the ETF's assets in other Bitcoin ETFs

Investment management company AdvisorShares has disclosed information on new strategies and risks to the US Securities and Exchange Commission (SEC), allowing AdvisorShares Gerber Kawasaki ETF to invest up to 5% of its ETF assets in other Bitcoin ETFs.

As previously reported by Golden Finance, investment management company AdvisorShares has submitted a Bitcoin ETF application to the US Securities and Exchange Commission (SEC), planning to offer the AdvisorShares Managed Bitcoin ETF (trading code: CRYP) on NYSEArca. This ETF is an actively managed ETF and will not directly invest in BTC.

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