New York (Reuters) – SolidX Partners Inc., a U.S. record association that provides blockchain services, this week filed an focus with a Securities and Exchange Commission to launch an exchange-traded product that marks a cost of bitcoin.
Blockchain is a record that powers bitcoin, a digital currency. SolidX provides blockchain-based program relating to a recording of digital records, send of assets, and identity, according to a website.
The ETF product will be called SolidX Bitcoin Trust and will list on a New York Stock Exchange underneath a ticker pitch XBTC on regulatory approval, SolidX Partners pronounced on Tuesday.
Second Bitcoin ETF Application
SolidX is a second association to record for a bitcoin exchange-traded product with a U.S. regulator. The Winklevoss Bitcoin Trust, owned by brothers Cameron and Tyler Winklevoss, filed a initial bitcoin ETF focus 3 years ago.
In a SEC filing, SolidX pronounced it will yield investors with bearing to a daily change of a U.S. dollar cost of bitcoin. The value of bitcoin will be formed on a cost tracked by XBX, an index combined by TradeBlock, a financial services company.
Bitcoin is a digital item launched in 2009 that can be eliminated among parties by a internet but a use of a