Crypto Futures News 

Van Eck, SolidX seek to launch bitcoin-linked ETF

“Van Eck and SolidX hope to list the product on the Cboe exchange under the symbol “XBTC”” writes Midwest Communications Inc for (Reuters) – Asset manager Van Eck Securities Corp and blockchain company SolidX Partners Inc plan to launch a bitcoin-linked investment product that could be traded as easily as a stock, the two companies said in a regulatory filing on Tuesday.Van Eck, which had $46 billion in assets under management, and several other fund managers had previously pushed for exchange-traded funds based on bitcoin futures instead of directly investing in the cryptocurrency.This was to address concerns that bitcoin exchanges were not regulated by traditional financial market overseers, unlike the futures market.The exchange-traded product, called VanEck SolidX Bitcoin Shares, will be insured against theft, fraud and loss of access to the currency, according to the filing, which is subject to a review by the U.S. Securities and Exchange Commission.

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