VanEck’s New Bitcoin Trust Assets Total Just $41K in First Week

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New product the company says “looks and feels like” a Bitcoin ETF falls flat trying to appeal to its high-end client base. Investment management firm VanEck has issued just 4 bitcoins (BTC) via its new trust focused on institutional investors. VanEck: one week, one Bitcoin basketData from the company, spotted by economist and cryptocurrency commentator Alex Krüger on Sept. 10, showed that since its launch at the start of the month, VanEck SolidX Bitcoin Trust 144A Shares total net assets are only $41,400.The product, which caused a buzz after VanEck described it as being akin to an exchange-traded fund (ETF), caters…
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VanEck’s New Bitcoin Trust Assets Total Just K in First Week

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