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Brendan Gundersen
212.293.2072
bgundersen@vaneck.com

XBTCZ
VanEck SolidX Bitcoin Trust 144A Shares
Available to Qualified Institutional Buyers (QIBs) only

Description

VanEck SolidX Bitcoin Trust 144A Shares is the first open-end and DTC-eligible bitcoin security that can be held in a brokerage account.1


 
 

  • Quoted On

    OTC Expert Market
  • Sponsor

    SolidX Management LLC
  • Marketing Agent

    Van Eck Securities Corp.

 
as of 11/15/19

  • Total Net Assets

    $539.1k
  • Commencement

    09/04/19
  • Sponsor Fee*

    2.00%
  • Insurance Fee*

    0.90%

*See the Offering Memorandum for a detailed description of fees and expenses.

Index Key Points

The value of the bitcoin held by the Trust is reported daily as measured by the MVIS® Bitcoin US OTC Spot Index (“MVBTCO”), a real-time U.S. dollar-denominated composite reference rate for the price of bitcoin in the U.S. OTC market.

OTC market data enhances price transparency and institutional quality:

  • OTC desks are generally believed to promote efficient price discovery
  • Platforms have systems, policies and procedures to correct for pricing anomalies, abnormalities and extremities
  • OTC markets aims to provide sufficient support for efficient arbitrage between shares of the fund and the price of bitcoin
  • Any price manipulation is expected to be discernable and OTC desks are obligated to report to regulators

Index Profile

  • Ticker

    MVBTCO
  • Inception Date

    11/20/2018