Another Bitcoin ETF Going Public

Note from the Publisher:  We recently featured a piece on the Winklevoss twins (of Facebook) fame, who have long been in the bitcoin space and have filed with the SEC to launch the Bitcoin Investment Trust on the BATS Exchange.  Now a second ETF has filed to go public, this time on the NYSE.

“A second firm has filed with the US Securities and Exchange Commission (SEC) in a bid to launch an exchange-traded fund (ETF) that would offer exposure to bitcoin.

Blockchain technology firm SolidX announced today it has filed a registration statement with the SEC to launch the SolidX Bitcoin Trust. According to the S-1 filing, the trust will issue shares that represent units of ownership in the trust, with SolidX Management LLC acting as the custodian of bitcoin held by the trust. Bank of New York Mellon, in turn, will act as the administrator of the trust and custodian for its cash holdings.”

Read Full Article at CoinDesk