Circle Submits Positive Comments To The SEC Regarding Winklevoss Bitcoin ETF
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....
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The Winklevoss Bitcoin Trust has filed a Registration Statement with the Securities and Exchange Commission. The Winklevoss Bitcoin Trust has been seeking to have an exchange traded fund linked to Bitcoin. The Winklevoss twins originally filed with the SEC in July of 2013 but have had to make edits to their proposal including information relating to the risks consumers face. The Winklevoss brothers created a Bitcoin Index, Winkdex, to better price Bitcoin. The SEC document has not yet named a ticker symbol for ETF. Each share of the ETF will represent 1/5th of a Bitcoin. The ETF will....
The newly-formed Chamber of Digital Commerce, established in mid-July by Perianne Boring, has submitted comments to the New York Department of Financial Services (NYDFS) relating to recently-released BitLicense regulations. The ten-page comments from Ms. Boring state the following: The proposed regulations shouldn't apply to business that only store or transmit digital currency. Businesses in the digital currency realm should have the freedom to make investments. Businesses in the digital currency realm should have the freedom to innovate. The proposal's "Existing Exchange Services"....
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....
According to Michael J. Casey, an editor and senior columnist at The Wall Street Journal, the Winklevoss twins are receiving positive feedback from the SEC regarding their new bitcoin business venture, Winklevoss Bitcoin Trust. The following quote is from Mr. Evan Greebel, whom is the lawyer for the Winklevoss Bitcoin Trust. “The SEC has generally been receptive,” said Mr. Greebel, a partner at Katten Muchin Rosenman’s New York office. “We are working through common procedures and working through the registration process and we have not gotten any show stoppers. We think the SEC....
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,....