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VanEck’s Bitcoin Trust Flops With Only 4 BTC Under Management – CCN.com

VanEck’s recently launched BItcoin Trust is a total flop, based on initial investment interest. | Source: Shutterstock

Following the divisive launch of a so-called “Limited ETF” from the fund manager VanEck, the crypto-focused offering has fallen short of impressive, citing just a single issuance of the instrument with a total of 4 BTC under management…

Statistics from VanEck as of 09/09/19, on “ETF” i.e VanEck SolidX Bitcoin Trust 144A Shares. | Source: VanEck

The data was relayed via crypto analyst and commentator, Alex Krüger, who pointed out that the net assets held under the Bitcoin Trust 144A Shares, amounted to little more than $41,000.

Three days…

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