Blockchain record association SolidX Partners has announced that it has filed a registration matter with a Securities and Exchange Commission (SEC) for a due launch of a SolidX Bitcoin Trust, a new Exchange-Traded Fund (ETF) for normal investors.
According to a company’s website, SolidX Partners provides blockchain-based program solutions relating to a memorable recording of digital records, send of assets, and identity. “SolidX also has a collateral markets arm that has filed a FORM S-1 registration matter for a due launch of a bitcoin sell traded fund,” reads a recently combined paragraph.
The SolidX press release reveals that a ETF will list on NYSE Arca, a New York Stock Exchange (NYSE) marketplace specialized in Exchange-Traded Products (ETPs), underneath a ticker pitch XBTC. The Trust, not actively managed, will yield shareholders with bearing to a daily change in a U.S. dollar cost of Bitcoin, before losses and liabilities of a Trust, as totalled by a TradeBlock XBX Index.
The SolidX SEC filing has been lonesome by a financial press, including The Wall Street Journal and Reuters, that indicates a flourishing seductiveness in Bitcoin among normal investors who wish to gamble on (or short) a cost of