The new business, to be named Eldridge, is set to combine at least six existing platforms backed by Boehly’s Eldridge Industries with insurer Security Benefit.

Bitcoin retreated after setting a record of $73,798 in March and rallies back toward the peak have repeatedly fizzled.

The IQ MacKay Securitized Income ETF launched on May 31. The actively managed fund has assets of $86 million.

The SEC approved an initial round of applications last month from several exchanges to trade the products. 

According to data from insurance brokerage firm Golsan Scruggs, premiums have dropped by about half over the past year.

The Tuttle Capital Congressional Trading ETF will base its holdings on the current investments of members of Congress and their families.