Another Bitcoin ETF Is On Its Way
The Winklevoss twins, Cameron and Tyler, aren't the only notable Bitcoin investors looking to oversee the creation of an exchange-traded fund (ETF) that tracks the performance of the digital currency.
SolidX Partners, a blockchain technology company, announced on Tuesday it has filed a Form S-1 with the Securities and Exchange Commission related to the proposed launch of an ETF called SolidX Bitcoin Trust.
The ETF is designed to provide investors with exposure to the daily change in the price of a bitcoin in U.S. dollars as measured by the TradeBlock XBX index.
The fund will not be actively managed and is expected to trade on the New York Stock Exchange under the stock symbol "XBTC."
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