Investment firm VanEck has partnered with financial services company SolidX in their latest attempt to launch the first bitcoin exchange-traded fund.The companies announced Wednesday that they would list a "physically-backed bitcoin ETF that will be insured against loss or theft of bitcoin."
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VanEck, SolidX Join Forces in New Bid to Launch Bitcoin ETF
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VanEck chief executive Jan van Eck said bitcoin is "a legitimate investment option, as a type of 'digital gold' that may make sense for investors' portfolios." The CEO noted that the ETF has not yet been created, saying "We're pleased to join with [SolidX] in supporting the effort to bring a physically-backed bitcoin ETF to market." When asked by CoinDesk, he declined to provide details on what assets would be used to back the fund.
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