The Van Eck Bitcoin (BTC) exchange-traded fund will probably never appear. CBOE BZX Exchange decided to withdraw the Van Eck Solid X Bitcoin Trust, just a month before the US Securities and Exchange Commission was supposed to make another pronouncement.
In the past, the fund has been withdrawn temporarily, with a subsequent re-filing. But there is less and less hope that the US SEC will approve the fund. Instead, another investment vehicle was created, which will offer BTC exposure to private clients.
The newly c...