BTC/USD jumps toward $11,000 as Bitcoin ETF by SolidX, VanEck set to launch to institutions

Yohay Elam FXStreet

A Bitcoin Exchange Traded Fund (ETF) is finally here – albeit in a limited fashion. VanEck and SolidX – which have received several delays to their Bitcoin ETF requests – will use an exemption to launch a limited version of such instruments to institutional investors.

The firms will use an exemption that allows selling to certain institutional investors. The Wall Street Journal has broken the story and says that Bitcoin ETFs will be available from September 5.

BTC/USD has responded positively to the news, extending its gain. The granddaddy of cryptocurrencies is now trading at $10,700 after having topped $10,000 on Monday.

BTC rising on Bitcoin ETF SolidX VanEck exemption

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

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