VanEck SolidX bitcoin trust to sell shares to institutional buyers

From reuters.com

Investment firm VanEck and financial technology company SolidX Management LLC will sell shares in their bitcoin trust to “qualified institutional buyers,” the companies said on Tuesday, in a move aimed at further attracting institutional money into the cryptocurrency segment. As cryptocurrencies start to gain broader acceptance, some institutional investors - from trading firms to hedge funds - are seeking exposure to the asset class. Some are buying bitcoin futures as a way to gain exposure without risking the hacks and heists that have plagued the digital currency sector. The shares, under the VanEck SolidX ... (full story)