SEC Seeks More Comments on Winklevoss Bitcoin ETF
The US Securities and Exchange Commission (SEC) is seeking additional public feedback as it weighs whether to approve a bid to launch a bitcoin exchange traded fund (ETF) by investors Tyler and Cameron Winklevoss. The decision to open up the process to more comment comes after the SEC said it was delaying its final decision on a request to list the ETF on the BATS Global Exchange. The Winklevoss brothers originally sought to list the ETF on the Nasdaq exchange, a request that dates back to 2013. For now, the SEC says it wants feedback on the stability of bitcoin, the manner in which 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,....
Investors Tyler and Cameron Winklevoss are another step closer to offering the first Securities and Exchange Commission (SEC) regulated bitcoin investment product following a request for comment published Friday. Last month, BATS proposed a rule change that would result in the listing and trading of the Winklevoss Bitcoin Shares issued by the Winklevoss Bitcoin Trust. Now, in response to that request, SEC assistant secretary Jill Peterson has opened the proposal for comment from the public. Peterson wrote: "In its filing with the Commission, the Exchange included statements concerning....
Last but not least, the Winklevoss bitcoin ETF can bring more market stability to the ecosystem. Companies active in the bitcoin world need to band together when it comes to regulation. The Winklevoss twins have been trying to get their bitcoin ETF approved for some time now, without much success. Interestingly enough, they received some help from Circle in the form of an official response sent to the SEC. It is doubtful this will hasten the approval of this ETF, even though it is a positive sign for sure. Institutional investors across the US can benefit greatly from having access to a....
It’s been three years since the Winklevoss twins announced their intention to release a bitcoin ETF to investors. Since then, they’ve battled with regulators and watched as others created and released similar products. Now, we’re again hearing that the Winklevoss ETF will “soon” be released. The question is: will the Winklevoss ETF really ever be cleared for launch? Winklevoss and Bitcoin. In 2012, the Winklevoss twins encountered Bitcoin during a chance discussion with a friend while vacationing in Ibiza. It was at that point that the twins learned the potential for the digital currency....
It’s a looming decision that has sparked global headlines, turned the heads of financial analysts and kept the bitcoin world on the edge of its proverbial seat. This refers, of course, to the bitcoin exchange-traded fund (ETF) proposed by investors Cameron and Tyler Winklevoss. That ETF – first proposed in mid-2013 and subject to a range of public comments and exchange switches – is effectively waiting in the wings for a decision by the US Securities and Exchange Commission, which is weighing a rule change proposal that would clear its passage. While most in the digital currency space....