At this writing Monday, bitcoin’s market value resided just below $108 billion.
Recently, ETF giant VanEck and FinTech firm SolidX filed plans with the SEC for the VanEck SolidX Bitcoin Trust ETF (XBTC), a physically-backed bitcoin ETF. That fund is targeted at institutional investors as it would debut with a share price of $200,000.
That product would track an index linked to a group of bitcoin trading desks, possibly allaying some of the SEC’s prior concerns about funds linked to physical bitcoin.
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