Bitcoin Advocates Seek to Navigate ETF Maze
A new application to list a bitcoin ETF has reignited the debate over these products, but traders say the solution is far from easy.
In late June, VanEck, which has 57 US-listed exchange-traded funds (ETFs), applied for the third time to list a bitcoin ETF, its previous two proposals having been shot down by the US Securities and Exchange Commission (SEC). For this iteration, the money manager is partnering with SolidX and the product—the VanEck SolidX Bitcoin Trust, under the ticker XBTC—would trade on Cboe’s BZE exchange.
The company is hoping to succeed where several others have failed by targeting the offering to
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