FYI: Investment firm VanEck and financial technology company SolidX Management LLC will sell shares in their bitcoin trust to “qualified institutional buyers,” the companies said on Tuesday, in a move aimed at further attracting institutional money into the cryptocurrency segment.
As cryptocurrencies start to gain broader acceptance, some institutional investors - from trading firms to hedge funds - are seeking exposure to the asset class. Some are buying bitcoin futures as a way to gain exposure without risking the hacks and heists that have plagued the digital currency sector.
Regards,
Ted
https://www.reuters.com/article/us-crypto-currencies-etf/vaneck-solidx-bitcoin-trust-to-sell-shares-to-institutional-buyers-idUSKCN1VO2HT
