SolidX Teams Up with VanEck to Launch Physically-Backed Bitcoin ETF

[kreslik.news]

SolidX Partners Inc, a blockchain technology company, is giving its cryptocurrencies initiative another shot. SolidX, in collaboration with money management firm VanEck, today filed with the U.S. Securities and Exchange Commission to launch a physically-backed bitcoin exchange-traded product.

At a time where regulators seem split between loving and hating cryptos, the move puts the ninth biggest ETF provider in the bulls camp, as the firm views ETFs as a necessary step for this nascent sector to grow.

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Last year, New York-based VanEck withdrew an application to list a bitcoin derivatives ETF ... (read more)