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Exchange-traded funds (ETF) providers hope to have cracked regulators’ code for creating the first exchange-traded product backed by bitcoin—but it’s going to cost you.

Van Eck Associates Corp. and SolidX Partners Inc. filed a request to list a bitcoin-linked exchange-traded product (ETP) to the U.S. Securities and Exchange Commission (SEC) on Wednesday. The fund will be physically backed, which means it will hold actual bitcoin, and will be insured against loss or theft of the cryptocurrency, according to the firms.

 

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