NEW YORK (Reuters) – Funding agency VanEck and monetary expertise firm SolidX Administration LLC will promote shares of their bitcoin belief to “certified institutional patrons,” the businesses mentioned on Tuesday, in a transfer aimed toward additional attracting institutional cash into the cryptocurrency phase.

As cryptocurrencies begin to achieve broader acceptance, some institutional traders – from buying and selling companies to hedge funds – are searching for publicity to the asset class. Some are shopping for bitcoin futures as a option to achieve publicity with out risking the hacks and heists which have plagued the digital forex sector.

The shares, underneath the VanEck SolidX…

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