Winklevoss twins file for $20 Million IPO of bitcoin trust fund
The Winklevoss twins have filed with the U. S. Securities and Exchange Commission (SEC), for an investment fund based upon their substantial holding of bitcoin. The Winklevoss Bitcoin Trust is sponsored by a company the pair created called Math-Based Asset Services LLC. The Winklevii (as they are known) hope to expose more investors to the potential gains (and losses) of bitcoin. The S-1 form can be read in full here. The Winklevii told the New York Times in April that they had a portfolio of (at the time of writing) $11 million worth of bitcoin. That holding reportedly represents 1% of....
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Injecting an additional US$65m into the ecosystem would push the market cap up a bit. That said, it is possible the Winklevoss twins will use a part of their own Bitcoin stash for this project. The SEC has published a document on the Winklevoss Bitcoin Trust, which is set to issue its own shares to investors. The primary objective of this Trust is to hold Bitcoin, and the initiative is sponsored by Digital Asset Services, LLC. The name Winklevoss has been synonymous with Bitcoin for quite some time now. Tyler and Cameron Winklevoss launched their own Bitcoin exchange, called Gemini,....
A new regulatory filing with the Securities and Exchange Commission (SEC) indicates that Cameron and Tyler Winklevoss are planning to have their Winklevoss Bitcoin Trust exchange traded fund (ETF) listed on the NASDAQ stock exchange. If the SEC gives its final approval, investors will be able to buy into the fund and participate by owning "shares" of bitcoins. The filing is an amendment to a series of documents that the ETF has submitted to the SEC in order to get the fund off the ground. It was initially registered with the SEC last July. Math-Based Asset Services. The Winklevoss Bitcoin....
Earlier today, the Winklevoss Bitcoin Fund, an exchange-traded fund (ETF) founded by Cameron and Tyler Winklevoss formally filed for shares on Nasdaq. The Bitcoin Trust filed with the Securities Exchange Commission to apply to sell 1 million shares. Astute observers have read between the lines and noted that a lack of a specific launch date and/or expense ratio indicates that the ETF is still months away from seeing the public light. Also read: SEC Receptive to Winklevoss Bitcoin Trust ETF. Winklevoss Bitcoin Trust ETF. The Winklevoss Bitcoin Trust is officially sponsored by Math-Based....
Three weeks ago, Tyler and Cameron Winklevoss announced the formation of a new trust, Bitcoin Water Trust. A trust whose aim is to bring drinkable water to people who do not have access to it. The Winklevoss twins announced the launch of the trust in Miami earlier this year. The unique model for the trust […]
The exclusive United States specific bitcoin exchange, Gemini is one step closer to beginning its operations from New York. The company founded by Tyler and Cameron Winklevoss, better known as the Winklevoss Twins has filed the necessary paperwork with the New York State Department of Financial Services. According to Gemini's spokesperson, the Winklevoss twins are said to have completed the formality of filing the trust application with the government so that they can start operating as a trust company. A trust company, according to the definition of the State of New York is a financial....