Global investment management firm VanEck, is facing a lawsuit from blockchain firm and former-partner SolidX over a Bitcoin ETF that VanEck filed for SEC approval less than two weeks ago. In 2017, VanEck became the first company to file for a Bitcoin exchange-traded fund registered under the Investment Company Act, while SolidX has been working to bring a Bitcoin ETF to market since 2015. The two firms joined forces in June 2018, with SolidX touting its deep experience with crypto as a compliment to VanEck’s extensive background in issuing financial products. However, after withdrawing their most recent joint application for …

On Sept. 17, the Chicago Board Options Exchange’s BZX Equity Exchange withdrew its VanEck/SolidX Bitcoin exchange-traded fund (ETF) proposal a month ahead of the review deadline. The United States Securities and Exchange Commission (SEC) — the regulator on the matter — had until Oct. 18 to greenlight or reject the financial product. As a result, the race for the first Bitcoin (BTC) ETF seems to be postponed once again. While the SEC is still reviewing two other proposals of this kind, the VanEck/SolidX Bitcoin ETF was generally perceived as the strongest contestant to get regulatory permission and debut this investment …

United States regulator the Securities and Exchange Commission (SEC) says it will shortly commence the countdown period to approval or disapproval of the VanEck/SolidX Bitcoin exchange-traded fund (ETF). The news was announced in an unpublished notice that was filed on Feb. 19. The move is the latest in a series of back-and-forth exchanges between the SEC and ETF sponsors. The Chicago Board Options Exchange (CBOE) — the exchange applying with the SEC to list the Bitcoin ETF — had withdrawn its application for a rule change on the ETF in January, ostensibly due in part to the U.S. government shutdown. …

The Chicago Board Options Exchange’s (CBOE), along with investment firm VanEck and financial services company SolidX, has re-applied with the United States Securities and Exchange Commission (SEC) for a rule change to list a Bitcoin (BTC) exchange-traded fund (ETF). VanEck digital asset strategy director Gabor Gurbacs announced the public filing on Jan. 31. ETFs are securities that track a basket of assets proportionately represented in the fund’s shares. They are seen by some as a potential step forward for the mass adoption of cryptocurrencies as a regulated and passive investment instrument. CBOE had initially withdrawn its request for a rule …

The United States Securities and Exchange Commission (SEC) has again postponed its decision on a Bitcoin (BTC) exchange-traded fund (ETF), according to an official document published Thursday, Dec. 6. The SEC set the new deadline for Feb. 27, 2019 in order to further review the rule change proposals to list a Bitcoin ETF by investment firm VanEck and blockchain company SolidX on the Chicago Board Options Exchange (CBOE): “The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider this …

In the latest episode of Epicenter Bitcoin, Brian Fabian Crain and Sebastien Couture were joined by Daniel Gallancy, CEO and Founder of SolidX Partners Inc. With his company that recently raised a US$3 million funding round from Liberty City Ventures and Wall Street investors, he aims to make Bitcoin accessible to financial investors that have so far been excluded from the Bitcoin market. At the beginning of the year, there were plenty of predictions that financial institutions would start moving into the Bitcoin space. The Bitcoin ETF was on the horizon and the high-risk, high-reward nature of Bitcoin seemed perfectly …