Winklevoss Twins Want Their Bitcoin Exchange on Nasdaq
 

Winklevoss Twins Want Their Bitcoin Exchange on Nasdaq
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The Winklevoss twins are moving ahead with plans to list a Bitcoin exchange fund on Nasdaq.

The brothers, Tyler and Cameron, filed an amendment with the Securities and Exchange Commission on Thursday seeking to open the Winklevoss Bitcoin Trust as an exchange traded fund (ETF) that would track the price of Bitcoin. The IPO for the stock would put 1 million shares up for sale. Each share is worth one-fifth of a bitcoin, or about $90, based on Friday's price. Tyler and Cameron Winklevoss own about 10% of the world's bitcoins

See also: Bitcoin: How the Internet Created Its Own Currency


The twins, who are best k**wn for a disputed role in Facebook's founding, first proposed the idea last July. It was viewed as a long shot because Nasdaq had never tracked a virtual currency before. Most ETFs are linked to stocks, commodities and bonds. ETFs are similar to a mutual fund, but they are sold and traded as individual stocks Read more...

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