New Bitcoin ETF Challenges Winklevoss Bitcoin Trust by Offering Insurance
A new Bitcoin ETF called SolidX Bitcoin Trust has filed its S-1, an SEC filing used by establishments to register public securities, to challenge the Winklevoss Bitcoin Trust. Since the launch of Grayscale Investment’s Bitcoin Investment Trust in 2015, publicly tradable Bitcoin shares and Bitcoin ETFs have become increasingly popular amongst conventional investors across the world. However, GBTC and other forms of public Bitcoin investment tools have been criticized for their unproportionally high premium rates, that often displayed a range of 10% to 70% in rate difference compared to the....
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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,....
As competition heats up amongst Bitcoin ETF providers SolidX and the Winklevoss Twins, another contender emerged to establish an exchange-traded fund based on a digital currency. Recently found company called EtherIndex LLC officially filed with the Securities and Exchange Commission on July 15 to offer the public and conventional investors opportunities to invest in Ether, the underlying currency of smart contract-based decentralized platform known as Ethereum. Similar to existing public digital asset trade and investment tools such as Grayscale Investments’ Bitcoin Investment Trust and....
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 […]
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....
The Winklevoss Bitcoin Trust is no longer attempting to list on Nasdaq, according to an SEC document filed today. After three years of waiting for regulatory approval from the Securities and Exchanges Commission (SEC), the Trust’s founders, investors Tyler and Cameron Winklevoss, have changed tact and are now seeking to list the product on the BATS Global Exchange. Notably, the Winklevoss brothers have also increased the size of the offering, from $20m to $65m, a move that would boost the maximum price of shares offered to retail investors. If the SEC approves the request, the Trust would....