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Winklevoss Twins

Announce Bitcoin ETF

1 Jul, 2013

According to a new filing with the SEC, a trust sponsored by Winklevoss Capital Management has registered to offer shares that will give buyers exposure to Bitcoin.

The investment objective of the Trust is for the Shares to reflect the performance of a weighted average price of Bitcoins, less the Trust’s expenses. The Sponsor believes that, for many investors, the Shares will represent a cost-effective and convenient means to access exposure to Bitcoins