n nn nn The U.S. Securities and Exchange Commission SEC has posted a new proposal from Crescent Crypto Index Services, a subsidiary of Crescent Asset Management, for the launch of a crypto-backed exchange-traded fund ETF.According to the application, the company, which is based in New Jersey, will be looking to monitor the performance of a portfolio of ether ETH and bitcoin BTC. The fund has been named the USCF Crescent Crypto Index Fund with XBET being its propos

Source and More information: The SEC Has a New Exchange Traded Fund Application to Review

Author: CryptScout.com