The SEC has delayed a decision about listing the VanEck SolidX Bitcoin Trust ETF until September 30 or before.
The Form S1 filing to the SEC by VanEck SolidX Bitcoin Trust is linked to here.
This third attempt for an ETF by VanEck and they partnered with blockchain company SolidX and basing the fund on actual bitcoins rather than futures.
Each share of the VanEck SolidX Bitcoin Trust will cost $200,000, according to a filing with the Securities and Exchange Commission on Wednesday. The high price reflects the fund’s focus on institutional instead of individual investors according to SolidX CEO Daniel H. Gallancy.
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