VanEck-SolidX

VanEck-SolidX withdraws its application for the Bitcoin ETF proposal just a month before the scheduled date for the SEC to give the final decision on the proposal. Earlier this month, VanEck-SolidX launched limited shares of Bitcoin Trust 144A as a testing ground available only for qualified institutional buyers with a shorter...

As per the Wall Street Journal, VanEck SolidX is trying a workaround to prove SEC that Bitcoin ETF can work. As per the news report, the two companies are planning to sell limited shares of a Bitcoin exchange-traded fund to institutional buyers. The companies are employing a rule 144A which...