Will VanEck ETF and Bakkt Take BTC To New Highs?


After several delays and after every BTC ETF proposal has been rejected by the U.S. SEC, VanEck has decided to release a limited version of the bitcoin exchange-traded fund (ETF).

Dubbed as the VanEck SolidX Bitcoin Trust, qualified institutional buyers (QIBs) will be able to purchase publicly quoted DTC-eligible BTC security through a brokerage account.

While details of the trust are still sketchy at the time of this writing VanEck Bitcoin Trust it is likely that the new trust will be ensured and customers will be provided with security services like most regulated investment vehicles.

With this development and the impending launch of Bakkt, many investors believe that the culmination of fundamental factors like the halving event, increasing hashing power and increase number of trading venues could trigger a new bull run, not since 2017.

Nobody could be really sure where the crypto market will be moving, the only thing we can be sure of is the fact that there are more financial mechanisms now for bot existing and potential crypto investors that even before.


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