MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, July 13, 2016 A Tech Startup Steps More Than a Bit Into the ETF Biz 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. Printed from: MFWire.com/story.asp?s=54391 Copyright 2016, InvestmentWires, Inc. All Rights Reserved |