SolidX Looks to Launch Bitcoin ETF on the New York Stock Exchange

SolidX Partners Inc., a company that specializes in blockchain-based identity services, has registered with the Securities and Exchange Commission (SEC) to launch the SolidX Bitcoin Trust, an exchange-traded fund (ETF) that will provide shareholders exposure to the daily change in the U. S. dollar price of bitcoin, minus expenses and liabilities of the trust, as measured by the TradeBlock XBX Index.
The trust will list on the New York Stock Exchange under the ticker symbol ‘XBTC,’ the company announced on its website. It will not be actively managed.
The SolidX Bitcoin Trust follows the Winklevoss Bitcoin Trust bitcoin ETF, which filed with the SEC in 2014, and recently filed to switch its listing from Nasdaq to BATS Global Markets.

This post was published at Crypto Coins News on 15/07/2016.