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SolidX Looks to Launch Bitcoin ETF on a New York Stock Exchange

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SolidX Partners Inc., a association that specializes in blockchain-based temperament services, has purebred with a Securities and Exchange Commission (SEC) to launch a SolidX Bitcoin Trust, an exchange-traded account (ETF) that will yield shareholders bearing to a daily change in a U.S. dollar cost of bitcoin, reduction losses and liabilities of a trust, as totalled by a TradeBlock XBX Index.

The trust will list on a New York Stock Exchange underneath a ticker pitch “XBTC,” a association announced on a website. It will not be actively managed.

The SolidX Bitcoin Trust follows a Winklevoss Bitcoin Trust bitcoin ETF, that filed with a SEC in 2014, and recently filed to switch its listing from Nasdaq to BATS Global Markets.

ETF To Utilize XBX Index Price

The SolidX Bitcoin Trust will implement a XBX Index cost to establish a daily net item value, providing stakeholders with an accurate and arguable benchmark for a cost of bitcoin. Once approved, shares of a SolidX Bitcoin Trust will list and trade on NYSE Arca, a sell for a largest bullion ETF, a SPDR

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