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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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SEC approves Volt Equity ETF providing exposure to Bitcoin-centric companies

Regulators have green-lighted a new exchange-traded fund that provides exposure to “Bitcoin Industry Revolution Companies.”

The United States Securities and Exchange Commission, or SEC, has approved the Volt Crypto Industry Revolution and Tech ETF, providing investors with easy access to companies with significant exposure to Bitcoin (BTC).

The ETF, which was approved on Oct. 5, is intended to track so-called “Bitcoin Industry Revolution Companies,” which are defined as entities that hold a majority of their net assets in BTC or derive a majority of their earnings from Bitcoin mining, lending or transacting, according to an SEC filing. The new ETF will appear as a New York Stock Exchange Arca listing under the ticker symbol BTCR.

U.S. securities regulators have been deliberating for years on whether to approve their first Bitcoin ETF. On Oct. 1, the SEC announced it would delay its decision on four Bitcoin ETFs by 45 days, pushing back the timelines on the Global X Bitcoin Trust, Valkyrie XBTO Bitcoin Futures Fund, WisdomTree Bitcoin Trust and Kryptoin Bitcoin ETF to Nov. 21, Dec. 8, Dec. 11 and Dec. 24, respectively.

Unlike other Bitcoin ETF proposals, the newly approved Volt Equity fund doesn’t track the price of Bitcoin or hold the asset in custody. Rather, it seeks exposure to companies that generate a significant portion of their business from Bitcoin-related activities.

This article is still in development.

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