NEW YORK--(BUSINESS WIRE)--Wilshire Phoenix Funds, LLC, an investment management firm dedicated to helping its clients manage assets throughout the investment lifecycle and sponsor of the United States Bitcoin and Treasury Investment Trust (the “Trust”) announced today that the Trust has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its common shares. The purpose of the Trust is to seek to provide investors with exposure to Bitcoin in a manner that is more efficient, convenient and less volatile than purchasing stand-alone Bitcoin. The Trust will have no assets other than (a) bitcoin, (b) short-term duration United States Treasury Bills and/or (c) U.S. dollars, in proportions that seek to closely replicate the exposure of a custom index to Bitcoin.
The number of common shares to be offered and the price range for the proposed offering have not yet been determined. In connection with the offering, the Trust intends to apply to list its common stock on a U.S. stock exchange. An electronic version of the registration statement can be accessed through the SEC’s website at https://www.sec.gov/Archives/edgar/data/1750145/000091957419000279/d8050549a_s-1.htm.
The offering of shares of the Trust will be made only by means of a prospectus. A copy of the preliminary prospectus, when available, may be obtained by mail from Wilshire Phoenix Funds, LLC, 2 Park Avenue, 20th Floor, New York, New York 10016, or by emailing email@example.com.
The registration statement relating to these securities has been filed with the SEC but has not yet been declared effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Wilshire Phoenix
Wilshire Phoenix is an investment management firm dedicated to helping its clients manage assets throughout the investment lifecycle. Whether providing financial solutions for institutions, private clients or individual investors, Wilshire Phoenix delivers informed investment management services for both traditional and alternative assets. To learn more, contact firstname.lastname@example.org.
Forward Looking Statement
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