Important points
- REXShares’ new ETF will provide direct exposure to BitMine Immersion Technologies through an actively managed equity strategy.
- The filing does not include leverage and instead focuses on the growth and returns of BMNR stock.
REXShares has filed with the Securities and Exchange Commission to launch the BitMine Growth and Income ETF, an actively managed fund designed to provide exposure to the stock of BitMine Immersion Technologies.
According to the prospectus, the ETF’s investment objective is to maximize total return through a combination of capital appreciation and income. This strategy involves holding BitMine Immersion Technologies common stock as a primary asset. The filing also outlines REXShares’ plans to list the fund on the NYSE Arca, pending regulatory approval.