The cryptocurrency-based ETF sponsored by the US Commodity Fund has submitted an application to the US SEC

According to CoinDesk, on May 9, the USCF Crescent Crypto Index Fund, a cryptocurrency-based exchange-traded fund (ETF) sponsored by the US Commodity Fund (USCF), filed an application with the US Securities and Exchange Commission (SEC). The ETF was created by Crescent Crypto Index Services LLC (a subsidiary of Crescent Crypto Asset Management LLC) to track the market capitalization and price performance of BTC and ETH. The exchange-traded fund (ETF) stock symbol is “XBET” and will be traded at market price throughout the trading day, as is the case with other publicly traded securities.