From First Filing to Final Decision: The Journey of the Winklevoss Bitcoin ETF
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....
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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....
By the time Cameron and Tyler Winklevoss receive a final decision from the SEC on their long-proposed bitcoin exchange-traded fund (ETF), a new president will be leading the US. Though an earlier 10th January deadline would have placed the decision by the SEC to approve or disapprove the Winklevoss brothers' request, paperwork filed today now extends the deadline to 11th March. While the extension isn't a surprise, one industry observer thinks the transition of power may have made it essential. Blockchain products lead at ARK Investment Management, Chris Burniske, said that SEC chair Mary....
State Street has been tapped to help launch the first bitcoin exchange-traded fund (ETF). In a new SEC filing, State Street is now listed as the administrator and transfer agent for the Winklevoss Bitcoin Trust, a proposed bitcoin ETF backed by investors Cameron and Tyler Winklevoss, the founders of the Gemini bitcoin exchange. According to the filing, State Street would be responsible for the "day-to-day administration of the Trust" when it is launched, as well as maintaining its books of account and calculating the Trust’s net-asset value (NAV), or the value per share of the....
The Winklevoss twins have filed an amended Form S-1 with the SEC. The minor update reveals a few new facts about the Winklevoss exchange traded fund (ETF). So far Cameron and Tyler Winklevoss have updated their ETF filing four times. The process of registering an ETF is painstakingly slow: the twins originally filed for an investment fund a year ago, on 1st July 2013. New update reveals ETF symbol. According to the latest filing, shares in the Winklevoss Bitcoin Trust will trade on the NASDAQ OMX under the symbol 'COIN'. There are a number of cosmetic changes too, described by the Wall....
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....