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Rating:A Tech Startup Steps More Than a Bit Into the ETF Biz Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 13, 2016

A Tech Startup Steps More Than a Bit Into the ETF Biz

News summary by MFWire's editors

A two-year-old tech startup in the Big Apple is preparing to enter the ETF business.

Reuters and the Wall Street Journal both report on New York City-based SolidX Partners filing yesterday to launch the SolidX Bitcoin Trust ETF. SolidX specializes in blockchain, the technology underlying trading of the digital currency bitcoin. SolidX raised $3 million in seed financing two years ago.

SolidX's move comes three years after the Winklevoss twins of Facebook fame filed to create a Bitcoin ETF.

The proposed SolidX ETF would track TradeBlock's XBX bitcoin index. The ETF would list on the NYSE and be custodied by BNY Mellon

Edited by: Neil Anderson, Managing Editor


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