Silvia, an artificial intelligence-focused financial company, has filed for five exchange-traded funds led by a Bitcoin Treasury mNAV Discount ETF designed to trade valuation gaps in Bitcoin treasury companies and related assets. Bloomberg Intelligence ETF analyst Eric Balchunas said the strategy would buy when mNAV falls below 1.0x and sell when it rises above 1.15x, while giving larger weightings to names trading at steeper discounts to net asset value. Silvia also proposed a Bitcoin, gold and land fund described in the new account as an anti-currency issuance ETF and previously as an Anti-Fiat ETF; a fund tied to companies mentioned by NVIDIA CEO Jensen Huang in interviews over the past 30 days; an Elon Musk ETF described as including Tesla, SpaceX and a 15% stake in private companies founded by Musk; and a Best Ideas ETF based on stock picks from guests on Phil Rosen's podcast. The filings underscore continued experimentation in thematic ETFs and are likely to draw scrutiny over liquidity, tracking and how private company exposure would work as the applications move through SEC review.