BitcoinTreasuries.NET said on X that ProCap, backed by Anthony Pompliano, has filed with Tidal Investments for a bitcoin treasury ETF employing a discounted mNAV approach. The fund would buy when mNAV falls below 1.0x, sell above 1.15x, and allocate larger positions to deeper-discount assets.
A post on X from BitcoinTreasuries.NET says Anthony Pompliano's ProCap has teamed up with Tidal Investments to file for a bitcoin treasury ETF built around a discounted mNAV strategy. The fund would buy when mNAV falls below 1.0 times, sell when it exceeds 1.15 times, and allocate bigger positions to names trading at deeper discounts.
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