Winklevoss Twins Move to Launch a Bitcoin FundThe brothers, famous for their feud over Facebook, have filed papers with the SEC to establish an exchange-traded fund for the online currency.
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沃斯双胞胎,以对抗马克扎克erberg in court over who owned the idea behind Facebook, are leading the charge in bringing digital currency bitcoin to the mainstream.
Cameron and Tyler Winklevoss filed aregistration statement with the Securities and Exchange Commissionto establish the Winklevoss Bitcoin Trust, which will work like an exchange-traded fund. If approved by regulators, the fund would allow the brothers, key players in the popular 2010 movieThe Social Network, to be able to sell their bitcoin holdings for an initial value of $20 million.
The Winklevoss twins, who themselves have amassed a large collection of bitcoin, would sell shares in their trust, each share representing one-fifth of a bitcoin, according to the SEC filing. The goal is to make bitcoin more accessible to a broader audience. "For many investors, the shares will represent a cost-effective and convenient means to access exposure to bitcoins," the prospectus filing says.
Related:Angel Investors Form Group to Fund Bitcoin Startups
Bitcoin is an unregulated, digital currency, which wasestablished in 2008. It has been getting more attention in the last year, due to its volatile price and a few high-profile early adopters. Companies including OkCupid, Reddit and WordPress are alreadyaccepting it as a form of payment. Bitcoins can be purchased online through bitcoin exchanges and private sellers.
Because the price of bitcoin currency can fluctuate dramatically from day to day, the prospectus filed with the SEC details the high degree of risk associated with investing in the online currency.
