SolidX Files to Become First Bitcoin ETF on NY Stock Exchange
The exchange traded fund (ETF) scene is due another shakeup as SolidX Partners files to become the first fund to launch on the New York Stock Exchange (NYSE) – and even feature full insurance. SolidX ETF Will Be Insured. The SolidX Bitcoin Trust, for which an S-1 registration is today with the US Securities and Exchanges Commission (SEC), will trade....
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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....
Blockchain technology company SolidX Partners has announced that it has filed a registration statement with the Securities and Exchange Commission (SEC) for the proposed launch of the SolidX Bitcoin Trust, a new Exchange-Traded Fund (ETF) for traditional investors. According to the company's website, SolidX Partners provides blockchain-based software solutions relating to the indelible recording of digital records, transfer of assets, and identity. “SolidX also has a capital markets arm that has filed a FORM S-1 registration statement for a proposed launch of a bitcoin exchange traded....
The US Securities and Exchange Commission (SEC) has delayed the approval of what many expected to become the first Bitcoin ETF to operate on a major stock market. The SolidX Bitcoin ETF, an insurance-included mainstream Bitcoin trading instrument, was planned to be approved by the SEC by September 16, 2016. Potential 240-day delay. SolidX Management LLC, the company behind the development and distribution of SolidX Bitcoin ETF, filed its Registration Statement with the SEC back on July 11, with rule changes submitted to the federal register for comment on August 2. However, the SEC’s....
The U.S. Securities Exchange Commission (SEC) earlier this week announced that it is delaying its decision whether to approve the listing of SolidX Bitcoin Trust on the NYSE Arca exchange. Meet SolidX Bitcoin Trust. Blockchain technology company, SolidX Partners Inc, first filed a registration statement (Form S-1) with the SEC on July 11, 2016, proposing....
A second firm has filed with the US Securities and Exchange Commission (SEC) in a bid to launch a public investment vehicle that would offer exposure to bitcoin. Blockchain technology firm SolidX announced today it has filed a registration statement with the SEC to launch the SolidX Bitcoin Trust. According to the S-1 filing, the trust will issue shares that represent units of ownership in the trust, with SolidX Management LLC acting as the custodian of bitcoin held by the trust. Bank of New York Mellon, in turn, will act as the administrator of the trust and custodian for its cash....