Brothers Cameron and Tyler Winklevoss talk to each
other as they attend New York State Department of Financial
Services virtual currency hearing in Manhattan borough of New
Gemini Trust Company, the Winklevoss brothers' trust company, which runs a bitcoin trading venue, has been designated the custodian of the ETF. There was no designated custodian in the previous filings.
Bitcoin's value has been highly volatile, having peaked at over $1,200 in late 2013 before crashing after the collapse of the Mt. Gox bitcoin exchange.
It has since recovered, hitting a more than two-year high of nearly $780 last week in the run-up to the British referendum whether the country should leave the European Union. As of late Wednesday, one bitcoin was worth $634.24
The Winklevoss brothers, identical twins, had filed their first application for a listing three years ago.
Read the original article on Reuters. Copyright 2016. Follow Reuters on Twitter.
If approved by the SEC, the Winklevoss ETF would be the first bitcoin ETF issued by a U.S. entity.
The filing did not say why there was a change in trading venues, but over the last year BATS has emerged as one of the fastest-rising trading venues for ETFs. BATS is the second largest U.S. equities market operator.
Gemini operates a trading platform for bitcoin and for another digital currency, ether.
The proposed ETF, the Winklevoss Bitcoin Trust, will list 1 million shares at $65 each, according to the filing. That is up from a list price of $20.09 per share given in the first filing.
The ETF's bitcoin will be valued using the Gemini's spot price as of 4 p.m. Eastern time each business day, according to the SEC filing.
The ETF would trade under the ticker symbol COIN.
Investors Cameron and Tyler Winklevoss on Wednesday filed to switch the listing of their proposed bitcoin exchange-traded fund to BATS Global Markets from Nasdaq, according to a filing with the Securities and Exchange Commission.
Analysis: What 2019 Could Bring for Bitcoin
Trading in altcoins was a big part of what made Bitcoin price spike towards the end of 2017. A section of the crypto space argues that while altcoins helped Bitcoin’s market cap swell, they also bro
Bitcoin Cash Going Down as Stellar Warms up
Bitcoin Cash’s market cap has been cut in half since the Nov. 15 hardfork which birthed the Bitcoin ABC and Bitcoin SV chains. Now at a mere $3.5 bln and a unit price of ~$201 as at the time of writ
300k User Data from Chinese Auto Finance Platform Sold For One Bitcoin on Dark Web
It is revealed that 300,000 pieces of user data from a Chinese auto finance platform Jiurong were compromised and priced at one bitcoin on the dark web.
According to the leaked data posted, persona
Heyday of Bitcoin Mining Rigs Business at China’s Huaqiangbei is Over Amid Crypto Market Carnage
Bitcoin price slumped to a 13-month low of about $4,300 on Wednesday, making mining the world’s leading digital currency an unprofitable business. A lot of mall miners, mining rigs dealers and minin
Dialogue with Bitcoin Evangelist in Latin America: RSK Labs CEO Diego on Crypto Industry
Diego Gutierrez is the CEO at Koibanx and president of Bitcoin Argentina NGO. In addition, Diego also serves as the CEO of Rootstock/RSK Labs, a smart contract platform built on top of bitcoin.
China’s Bitcoin Billionaire Zhao Dong : Bitcoin Price to Hit $50,000 in Three Years—Now Is the Time to Buy the Dip
Despite Bitcoin’s latest crash and a real chance that its price will go much lower, Zhao Dong, prominent Chinese OTC trader and founder of Dfund, remains bullish on the the world’s biggest cryptoc
Bitcoin Miners Sold by Kilo in China Amid Cryptocurrency Crash
The leading cryptocurrency bitcoin once fell below $4,300 on the afternoon of November 20 – down more than 17% on a 24-hour basis and hitting a 13-month low since October 2017. Great losses are seen
Xiao Lei: 3 Main Reasons of the “Unreasonable” Bitcoin Price Crash
Cryptocurrency markets experienced a havoc in the past few days. Bitcoin, the uncrowned king in the crypto world, has fell as much as 30% over the past two weeks, while other major tokens are all suff