Cryptocurrencies
Bitcoin ETF Dreams Revive With New SolidX, VanEck SEC Filing
- Companies want to offer fund for institutional investors
- SEC asked providers to pull applications earlier this year
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ETF providers hope to have cracked regulators’ code for creating the first exchange-traded product backed by Bitcoin -- but it’s going to cost you.
Van Eck Associates Corp. and SolidX Partners Inc. filed a request to list a Bitcoin-linked ETP to the U.S. Securities and Exchange Commission on Wednesday. The fund will be physically-backed, which means it will hold actual Bitcoin, and will be insured against loss or theft of the cryptocurrency, according to the firms.