BlockFi is a cryptocurrency lending business that has submitted paperwork to the United States Securities and Exchange Commission to start a physically-backed exchange traded fund. It kicks off what’s likely to be a busy week for the crypto market.

Monday’s SEC submission of the Form S-1 for BlockFi NB Bitcoin Exchange Trade Fund was made. AccordingYou can find official documents. The filing states that BlockFi will serve as custodian and that the ETF’s investment objective is to reflect the underlying performance of Bitcoin as opposed to any futures or derivatives benchmark.