Winklevoss Twins Need Their Bitcoin Alternate on Nasdaq

Winklevoss-twins.jpg

Feed-twFeed-fb

The Winklevoss twins are moving ahead with plans to list a Bitcoin exchange fund on Nasdaq.

The brothers, Tyler and Cameron, filed an amendment with the Securities and Exchange Commission on Thursday seeking to open the Winklevoss Bitcoin Trust as an exchange traded fund (ETF) that would track the price of Bitcoin. The IPO for the stock would put 1 million shares up for sale. Each share is worth one-fifth of a bitcoin, or about $ 90, based on Friday’s price. Tyler and Cameron Winklevoss own about 10% of the world’s bitcoins

See also: Bitcoin: How the Internet Created Its Own Currency

The twins, who are best known for a disputed role in Facebook’s founding, first proposed the idea last July. It was viewed as a long shot because Nasdaq had never tracked a virtual currency before. Most ETFs are linked to stocks, commodities and bonds. ETFs are similar to a mutual fund, but they are sold and traded as individual stocks Read more…

More about Winklevoss, Business, and Bitcoin

Mashable

LOCATiONS

Unit G, Carlinghurst Business Park , George Street West, Blackburn, BB2 1PQ
Tel: 01254 660 003 Telephone: +44 1254 660 0033
FAX: +44 1254 660 0033
E-mail: info@safedepot.eu

Latest News

  • Chief Inventive Viner is an Exact Job: Josh % Fills The Position for Joe Boxer

    “I’ve always wanted a chief anything title,” actor Josh Peck, best known for his stint on Nickelodeon’s Drake & Josh, told Mashable. Well, on Thursday, he accomplished that goal, becoming Chief Creative Viner for fashion brand Joe Boxer. With nearly 5 million followers on Vine, Peck is the latest popular user on Twitter’s six-second video […]

    Read More

  • Europe’s High Courtroom Principles That Shopping The Web Does No longer In Itself Infringe Copyright (Phew)

     A protracted-working European criminal fight over the copyright standing of cached copies of paperwork held on the computer systems of Web customers has been resolved as of late. A preliminary ruling by way of the European Courtroom of Justice has sided with widespread experience, ruling that digital copies proven on an internet browser’s pc reveal or held brief in a […]

    Read More

  • The Absolute best 6 Seconds on the Web Nowadays

    This is the story of a wimpy goat that found his voice He gave it all he’s got. Now, he’s an Internet star See also: Inspiring Goat in a Wheelchair Is All You Need Right Now See? He’s already in a Taylor Swift music video Today is a good day Have something to add to […]

    Read More