Blockchain technology company, SolidX, recently filed a registration statement with the US securities and Exchange Commission (SEC) to launch a bitcoin-based trust called SolidX Bitcoin Trust. This will allow for the purchase of blocks of shares in the trust and not bitcoin directly. Although this is not the first bitcoin focused trust, the SolidX Bitcoin Trust is the first to offer insurance in the case of any losses. The trust will utilize entities such as the NYSE to manage the trust, Bank of New York Mellon to  act as administrator and custodian, and Tradeblock (a FinTech Collective portfolio company) for price quotes though the Tradeblock XBX Index.