Fintech Startup Sues VanEck Over Canceled Bitcoin ETF

Law360 (January 12, 2021, 9:18 PM EST) -- Blockchain startup SolidX Management accused asset manager VanEck Securities Corporation of breach of contract in a suit filed in New York state court Tuesday, saying VanEck cut ties with the crypto firm only to create its own bitcoin exchange-traded fund using SolidX's technology.

SolidX and VanEck, both based in Manhattan, spent years working to establish an open-ended, tradeable financial product based on bitcoin, the VanEck SolidX Bitcoin Trust, according to the complaint.

The two companies "worked together to market shares of the Trust" to qualified institutional buyers as a precursor to the U.S. Securities and Exchange Commission's approval of trust shares...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!