Bond Fund That Changed Its Ticker to BTC Is Now Switching Back
- ClearShares says in filing it is reverting to previous symbol
- Original change was seen as move to secure Bitcoin ticker
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A tiny exchange-traded fund that raised eyebrows last month when it changed its ticker to BTC -- the three-letter shorthand almost everybody in crypto uses for Bitcoin -- is reversing the move.
The ClearShares Piton Intermediate Fixed Income ETF will revert to the ticker PIFI from May 11, the fund’s issuer said in a brief filing with the U.S. Securities and Exchange Commission on Thursday. No explanation was given for the move.