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.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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