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M3Sixty IDX Risk Managed Bitcoin Fund
Bitcoin News now admin /

Financial services firm M3Sixty recently filed with the U.S. Securities and Exchange Commission (SEC) to launch the IDX Risk-Managed Bitcoin Fund. The fund will invest mainly in bitcoin futures contracts and pooled investment vehicles to achieve its objective of capital appreciation over time.

However, the filing details that the fund does not seek exposure to the bitcoin spot price and thus will not invest directly in BTC or popular over-the-counter investment vehicles such as the Grayscale Bitcoin Trust (GBTC). Instead, the fund will use a proprietary quantitative statistical model to engage in high-frequency trading of bitcoin futures contracts, resulting in a portfolio turnover of over 100% while seeking to increase its capital in dollar terms.