Anthony Pompliano, CEO of ProCap Financial, has reportedly filed for ETFs combining Bitcoin with gold and defense equities, as well as an mNAV discount strategy targeting Bitcoin-linked shares trading below their net asset value. ProCap holds approximately 5,457 BTC, valued at around $601 million as of mid-2025. The company has previously executed share buybacks at roughly 35% discounts to NAV. No SEC filings confirming these products had been found as of August 2026. The regulatory path for such crypto-adjacent structures remains challenging despite the more permissive environment following spot Bitcoin ETF approvals.
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