The SolidX bitcoin offering, assuming it comes to market, will trade on the New York Stock Exchange under the ticker XBTC and will provide bitcoin pricing via the TradeBlock XBX Index.

“As noted by industry advocacy group Coin Center, a notable difference between the SolidX Bitcoin Trust and the competing Winklevoss Bitcoin Trust is that the former has secured insurance that would cover the loss or theft of bitcoins in the trust,” reports CoinDesk.

Related: Winklevoss Bitcoin ETF Will List on BATS

In February 2014, Winklevoss Capital launched the Winkdex, a bitcoin index that will eventually be used for a planned bitcoin ETF, “COIN,” which was first proposed in 2013 but is still waiting on regulatory approval.

Click here to read the full story on ETF Trends.