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.

For more information on the cryptocurrency market, visit our Bitcoin category.

Subscribe to our free daily newsletters!
Please enter your email address to subscribe to ETF Trends' newsletters featuring latest news and educational events.