Winklevoss Bitcoin Trust Shifts Focus from Nasdaq to BATS
Posted: Wed Jun 29, 2016 11:06 am
The Winklevoss Bitcoin Trust, of Tyler and Cameron Winklevoss, has changed the desired venue for its listing, according to a preliminary prospectus it filed with the SEC. The shares will be listed and traded on Bats BZX Exchange, Inc. (BATS) under the ticker symbol “COIN.”
The Winklevoss Bitcoin Shares, will represent units of ownership in the Trust whose sole purpose is to hold bitcoin. The instrument will be based on the spot price at Gemini, the cryptocurrency exchange founded by the Winklevoss twins.
Regarding all the important issue of cyber security in the cryptocurrencies world, the prospectus details that the private keys that control the trust’s bitcoin are secured ... (read more)