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23 September 2019

VanEck Bitcoin Trust Already Making Serious Headway

VanEck Bitcoin Trust Already Making Serious Headway


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VanEck Bitcoin Trust Already Making Serious Headway.

The need and desire for a bitcoin-based exchange-traded fund (ETF) is growing stronger every day, and while the ETF may not be out yet, VanEck Solid X has, as it announced just over a week ago, released a product to satisfy that need somewhat while we all wait for a final decision from the Securities and Exchange Commission (SEC).

It posted the proposal for public comment, and after it garnered many positive responses, the SEC allegedly began to believe that a bitcoin ETF would be quite popular.

This new product, known as the VanEck Solid X Bitcoin Trust 144A Shares, has already garnered more than $40,000 in initial investments since it was first announced.

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