VanEck and SolidX launch limited-edition Bitcoin ETF

AtlantisFX | VanEck and SolidX launch limited-edition Bitcoin ETF

AtlantisFX | Following the postponement of the joint Bitcoin Index Fund (ETF) of asset managers VanEck and SolidX, the two companies now intend to launch a limited version of the ETF dedicated exclusively to institutional investors.

As reported by the Wall Street Journal on September 3, VanEck and SolidX intend to sell shares in a limited Bitcoin ETF, invoking an exemption that would prevent the financial product from being classified as a security, provided that only institutional investors have access to it.

Restricted Bitcoin ETF launches on September 5Laut report plan investment companies to start selling the Bitcoin index fund from September 5. The legal loophole that now allows the ETF in a limited way is Section 144A of the SEC's Regulations, which states that the sale of private securities is permitted as long as it is directed exclusively at "qualified institutional buyers".


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