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Van Eck, SolidX To Offer Limited Version Of Bitcoin Exchange-Traded Fund

TedTed
in The Bullpen
FYI: Crypto enthusiasts have been trying without much success to get regulatory approval for funds to bring bitcoin to investors. Two firms plan to use a workaround.

Van Eck Securities Corp. and SolidX Management LLC on Thursday plan to start selling shares in a limited version of a crypto exchange-traded fund. The companies are employing a rule that will exempt the shares from securities registration, but the shares can be sold only to certain institutional buyers.
Regards,
Ted
https://www.wsj.com/articles/van-eck-solidx-to-offer-limited-version-of-bitcoin-exchange-traded-fund-11567503003?mod=md_mf_news
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