Frankfurt (5 September 2019) – Today, MV Index Solutions (MVIS) announced the licensing of the MVIS Bitcoin US OTC Spot Index (MVBTCO) to the VanEck SolidX Bitcoin Trust (“the Trust”). The Trust will price its NAV based on the MVIS Bitcoin US OTC Spot Index, which is designed as a reference rate for the price of Bitcoin on major OTC platforms in the U.S.
VanEck SolidX Bitcoin Trust will issue shares (the Shares) to Qualified Institutional Buyers (QIBs in the United States) in accordance with Rule 144A under the Securities Act of 1933, as amended (the Securities Act). The shares will provide institutional investors access to a physically-backed bitcoin product that is tradeable through traditional and prime brokerage accounts. The Shares are the first institutional-quality, cleared product providing exposure to bitcoin and enabling a standard ETF creation-and-redemption process. SolidX is the sponsor of the Trust and VanEck provides marketing services.
View details about MVIS Bitcoin US OTC Spot Index.
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