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U.S. tech company files bitcoin ETF application with SEC

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Victor Mcbride

View photosMoreA Bitcoin virtual currency paper wallet with QR codes and a coin are seen in an illustration picture shot May 27, 2015.

NEW YORK Reuters - SolidX Partners Inc, a U.S. technology company that provides blockchain services, on Tuesday filed an application with the Securities and Exchange Commission to launch an exchange-traded product that tracks the price of bitcoin.

SolidX provides blockchain-based software relating to the recording of digital records, transfer of assets, and identity, according to its website.

The ETF product will be called SolidX Bitcoin Trust and will list on the New York Stock Exchange under the ticker symbol XBTC upon regulatory approval, SolidX Partners said on Tuesday.

The Winklevoss Bitcoin Trust, owned by brothers Cameron and Tyler Winklevoss, filed the first bitcoin ETF application three years ago.

In its SEC filing, SolidX said it will provide investors with exposure to the daily change of the U.S. dollar price of bitcoin.

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Victor Mcbride
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