Silvia Files for Five ETFs, Including Bitcoin Treasury mNAV Discount Fund

BitcoinWorld Silvia Files for Five ETFs, Including Bitcoin Treasury mNAV Discount Fund Silvia, an AI-focused financial firm, has submitted applications for five new exchange-traded funds (ETFs), including a novel Bitcoin treasury mNAV discount fund.

The filings were highlighted by Bloomberg Intelligence ETF analyst Eric Balchunas, who shared details on the proposed products via social media. What is the Bitcoin Treasury mNAV Discount Fund?

The flagship filing is a Bitcoin treasury mNAV discount ETF, a strategy that seeks to capitalize on discrepancies between the market price of Bitcoin treasury assets and their net asset value (NAV).

Balchunas explained that the fund would buy when the mNAV falls below 1.0x and sell when it rises above 1.15x, while allocating larger weightings to assets trading at steeper discounts.