SolidX Management and VanEck Securities tried to launch a Bitcoin exchange-traded fund (ETF) but were stopped by United States regulators. Now the companies are going to launch another Bitcoin product this week. The companies initially tried to register their product known as VanEck SolidX Bitcoin Trust ETF. However, the Securities and Exchange Commission (SEC) consistently delayed its ruling over concerns of manipulation. The watchdog stated that market manipulation would put investors in dangers of significant losses. SolidX was founded in 2014 while VanEck Corporation has been around for more than seventy years. SolidX and Vanneck announced that their Bitcoin trust
