Winklevoss twins pick Nasdaq for bitcoin fund

|About: Winklevoss Bitcoin Trust ETF (COIN)|By:, SA News Editor

Brothers Cameron and Tyler Winklevoss disclose that they've chosen to list Winklevoss Bitcoin Trust (BITCN) on Nasdaq, as the fund slowly moves toward public approval.

“The fact that the S.E.C. has allowed the S-1 to progress this far is an indication that it may actually happen,” says Wedbush's Gil Luria.

The fund would buy one Bitcoin for every five shares; management fees are as yet undecided.

The brothers' own index was valuing a single Bitcoin at $443 today.

Previously: Report: Prospects for Winklevoss Bitcoin ETF approval look good