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.
