Bitcoin : Here’s what makes the VanEck/SolidX ETF different… TL;DR
If you don’t know what differentiates the VanEck and SolidX ETF and why it gives it a massive advantage over other ETFs that have been thus far rejected, here are the main points:
-Custody: Fund is physically backed and will hold BTC (Private Keys)
-Designed for institutions not retail: Minimum $200K investment. This gives the SEC more confidence in protecting retail investors.
-Backed by CBOE: to be traded on BZX Equities Exchange. CBOE has already pushed through Futures and has a long standing history with the SEC.
-Regulatory oversight: the CBOE is a trusted and regulated exchange in the eyes of the SEC
-Index will be traded on a OTC (over the counter) desk by Voice not Electronically: this reduces risk of manipulation and increases regulatory transparency.
-Insured: ETF is insured by a syndicate of A-rated insurers. Again, more assurance and protection for investors.
-Both VanEck and SolidX have filed for ETFs independently: together, they bring to the table more experience and lessons learned than any other applicant.
Well, there you have it. Other ETFs have had some of these components but nothing has come close to be as robust and comprehensive as this ETF.
The Delay is a sign of confidence, as. It demonstrates the SEC’s interest in continuing to do proper due diligence versus out right rejecting it.
Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
FindCrypto scans the web for the latest Bitcoin news, so you can find all the latest and breaking news in one convenient location.Author: Oneironaut73
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