Why the Winklevoss Brothers Are Still Waiting for a ...

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Bitcoin - The Internet of Money

/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
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Winklevoss Bitcoin Trust ETF Wrongfully Rejected, SEC Commissioner Publishes Open Letter

submitted by IrieBlazer to Bitcoin [link] [comments]

Winklevoss Bitcoin Trust files to sell 20.1 million shares on the Nasdaq exchange of their 'COIN' Bitcoin ETF

Winklevoss Bitcoin Trust files to sell 20.1 million shares on the Nasdaq exchange of their 'COIN' Bitcoin ETF submitted by coinwatcher to Bitcoin [link] [comments]

zerohedge: "Winklevoss Bitcoin Trust [ETF] files for max offer up to $65M"

zerohedge: submitted by eragmus to Bitcoin [link] [comments]

SEC Opens Winklevoss Bitcoin Trust Filing for Public Comment - CoinDesk

SEC Opens Winklevoss Bitcoin Trust Filing for Public Comment - CoinDesk submitted by StoryBit to Bitcoin [link] [comments]

Winklevoss Bitcoin Trust Filing

Winklevoss Bitcoin Trust Filing submitted by koinster to Bitcoin [link] [comments]

WINKLEVOSS BITCOIN TRUST - Just filed the preliminary prospectus to US Securities and Exchange Commission

WINKLEVOSS BITCOIN TRUST - Just filed the preliminary prospectus to US Securities and Exchange Commission submitted by bitroll to Bitcoin [link] [comments]

Winklevoss Bitcoin Trust ETF (NASDAQ:COIN): BTC To $2,000?

Winklevoss Bitcoin Trust ETF (NASDAQ:COIN): BTC To $2,000? submitted by KryptosBit to Bitcoin [link] [comments]

Winklevoss Bitcoin Trust Plans to List on Nasdaq Under 'COIN'

Winklevoss Bitcoin Trust Plans to List on Nasdaq Under 'COIN' submitted by BobAlison to Bitcoin [link] [comments]

Winklevoss Bitcoin Trust on Bloomberg Terminal

Winklevoss Bitcoin Trust on Bloomberg Terminal submitted by maxrichington to Bitcoin [link] [comments]

Winklevoss Bitcoin Trust ETF (NASDAQ:COIN): Bitcoin To 50K?

Winklevoss Bitcoin Trust ETF (NASDAQ:COIN): Bitcoin To 50K? submitted by slacker-77 to btc [link] [comments]

A new NYSE-traded Bitcoin ETF if about to give the Winklevoss Bitcoin Trust a run for its money.

A new NYSE-traded Bitcoin ETF if about to give the Winklevoss Bitcoin Trust a run for its money. submitted by jerrybrito to Bitcoin [link] [comments]

Winklevoss Bitcoin Trust ETF (NASDAQ: COIN) IPO

I am wondering how I should go about purchase the Winklevoss Bitcoin Trust ETF (NASDAQ: COIN) should it be approved by the SEC (SEC response deadline 11th March). Obviously, this is probably a stretch as many analysists are giving the SEC approval a 25% chance1. But should it be approved on March 11th, would I be able to start trading it immediately on Monday the 13th under the NASDAQ symbol COIN that has been presented in the SEC fillings2?
Anyone with Robinhood accounts, since the brokerage allows the purchase ETF’s within US markets, would a gold account allow for the purchase of the ETF before markets open(Pre-market)3?
How would you as an individual go about making this potential purchase?
1^ http://etfdailynews.com/2017/02/24/bitcoin-is-surging-amid-chatter-of-winklevoss-etf-approval/
2^ http://www.nasdaq.com/markets/ipos/company/winklevoss-bitcoin-trust-909930-72927
3^ https://support.robinhood.com/hc/en-us/articles/214681903-Extended-Trading-Hours
submitted by Brilliancy1994 to investing [link] [comments]

Winklevoss Bitcoin Trust Files To Sell 20.1 Million Shares

Winklevoss Bitcoin Trust Files To Sell 20.1 Million Shares submitted by mooncake___ to Bitcoin [link] [comments]

Winklevoss Bitcoin Trust on Bloomberg [screen shot]

Winklevoss Bitcoin Trust on Bloomberg [screen shot] submitted by IWillNotBiteYourDog to Bitcoin [link] [comments]

Edgar: Winklevoss Bitcoin trust registers 1 million shares

By Vivek Shankar
July 1 (Bloomberg) -- Trust sponsored by unit of Winklevoss Capital Management, holds bitcoins; shares will provide exposure to digital commodity, filing says.
• Investment objective: reflect performance of a weighted avg price of bitcoins
• Trust will issue baskets of 50k shares in exchange for bitcoin deposits; distribute bitcoins in connection with redemptions of baskets
• NOTE: Winklevoss twins said to hold bitcoins worth $11m as of morning of April 11: NYT
EDIT: link http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001579346&hidefilings=0
submitted by IWillNotBiteYourDog to Bitcoin [link] [comments]

Anyone else feel like the Winklevoss Bitcoin Trust is going to be approved any day now?

We're approaching 2 years since they filed their first S-1. My winkle sense is tingling.
submitted by LeeWallis to Bitcoin [link] [comments]

[PDF] Winklevoss Bitcoin Trust rule change proposal filed by BATS exchange yesterday

submitted by modeless to Bitcoin [link] [comments]

A new NYSE-traded Bitcoin ETF is about to give the Winklevoss Bitcoin Trust a run for its money.

A new NYSE-traded Bitcoin ETF is about to give the Winklevoss Bitcoin Trust a run for its money. submitted by Egon_1 to btc [link] [comments]

Winklevoss Bitcoin Trust ETF (NASDAQ:COIN): Several Bitcoin ETFs Vying For Approval

Winklevoss Bitcoin Trust ETF (NASDAQ:COIN): Several Bitcoin ETFs Vying For Approval submitted by xezirone to Bitcoin [link] [comments]

zerohedge: "Winklevoss Bitcoin Trust [ETF] files for max offer up to $65M"

zerohedge: submitted by eragmus to btc [link] [comments]

Winklevoss Bitcoin Trust ETF applies for listing on NASDAQ

Winklevoss Bitcoin Trust ETF applies for listing on NASDAQ submitted by Grintor to Bitcoin [link] [comments]

Winklevoss Bitcoin Trust: Excerpts from the BATS Rule Change Proposal

Below are excerpts from the BATS rule change proposal which, if approved by the SEC, would allow shares of the Bitcoin Trust to be traded on the BATS exchange (https://www.sec.gov/rules/sro/batsbzx/2016/34-78262.pdf)
Edit: To be clear, the approval of this rule change is separate from the SEC approving the Trust itself (i.e., its registration statement, Form S-1). So unfortunately, even if this rule change is approved, it doesn't necessarily mean the Trust itself will be approved anytime soon or at all
These are all direct quotes shown in order, but in the interest of readability I have generally not used ellipses or otherwise indicated where clauses, sentences or sections are omitted. I have put in bold parts that I think are particularly notable:
SR-BatsBZX-2016-30 34-78262 Jul. 8, 2016
Notice of Filing of a Proposed Rule Change to BZX Rule 14.11(e)(4), Commodity-Based Trust Shares, to List and Trade Winklevoss Bitcoin Shares Issued by the Winklevoss Bitcoin Trust
Bats BZX Exchange . . . filed with the Securities and Exchange Commission the proposed rule change. The Exchange filed a proposal to list and trade Winklevoss Bitcoin Shares (the “Shares”) issued by the Winklevoss Bitcoin Trust (the “Trust”) under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares. The text of the proposed rule change is available at the Exchange’s website at www.batstrading.com.
In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change. The Exchange has prepared summaries, set forth in Sections A, B, and C below, of the most significant parts of such statements.
The Exchange proposes to list and trade the Shares under BZX Rule 14.11(e)(4), which governs the listing and trading of Commodity Based Trust Shares on the Exchange. The Shares will be offered by the Trust. Digital Asset Services, LLC, formerly MathBased Asset Services, LLC, will be the sponsor of the Trust (the “Sponsor”). Gemini Trust Company, LLC will be the custodian of the Trust (the “Custodian”). The Custodian will hold the bitcoin deposited with the Custodian on behalf of the Trust in a segregated custody account. The Custodian will use its proprietary and patent-pending offline (i.e., air-gapped) Cold Storage System to store the Trust’s bitcoin.
The Trust is expected to issue and redeem Shares from time to time only in one or more whole Baskets. Certain Authorized Participants are the only persons that may place orders to create or redeem Baskets. Authorized Participants or their affiliated market makers are expected to have the facility to participate directly on one or more Bitcoin Exchanges.
The investment objective of the Trust is for the Shares to track the price of bitcoin, as measured by the spot price at 4:00 p.m. Eastern time on the Gemini exchange. The Shares represent units of fractional undivided beneficial interest in and ownership of the Trust and are expected to be traded under the ticker symbol “COIN” on the Exchange. The Trust values its bitcoin as measured at 4:00 p.m. Eastern time using the Gemini Exchange Spot Price on each Business Day.
The Trust has entered into preliminary conversations with a number of potential Authorized Participants as well as market makers, each of which is an experienced participant in the ETP marketplace and is actively engaged in trading ETPs. A number of these potential Authorized Participants, currently trade bitcoin and are already registered participants that trade on the Gemini Exchange. Authorized Participants will not be required to use the Gemini Exchange to trade their bitcoin, and the Gemini Exchange is not the only venue on which Authorized Participants can purchase bitcoin for delivery to the Trust.
The Trust represents the first known ETP in the United States that seeks to track the price of a Digital Asset (a “Digital Asset ETP”). Securitized instruments have been created for other marketplaces, but have encountered limited success due to their lack of transparency and thorough regulatory oversight. Two notable examples are the Grayscale Investment Trust, which trades under the ticker GBTC on OTC Markets (formerly the “Pink Sheets”) and does not qualify as an exchange-listed product, and Bitcoin Tracker One, which trades under the ticker COINXBT on the Stockholm Stock Exchange.
The Shares will be listed and trade on BZX . . . [and] will be eligible for margin accounts.
The value of the Trust’s holdings will be reported each day on the Trust’s website.
Using the precious metals exchange-traded trusts currently trading on U.S. exchanges as design paradigms, the Sponsor has structured the Trust to be a similar passive investment vehicle holding a single asset. Like the precious metals exchange traded trusts cited above, the Trust will only own and store bitcoin and will not be permitted to hold cash or any other Digital Asset.
Custodian can use Signers to sign a specific message chosen by the Custodian that references a current event (i.e., to prove recency), thereby proving control of the private keys associated with the public Bitcoin addresses in which the Trust’s bitcoin are held. This allows the Custodian to evidence control of the Trust’s assets periodically during audits on-demand and without necessitating the transfer of any of the Trust’s bitcoin.
Custodian will accept, on behalf of the Trust, delivery of bitcoin from Authorized Participants into the Trust Custody Account in the creation of a Basket. In order for an Authorized Participant to redeem a Basket and receive a distribution of bitcoin from the Trust, the Custodian, upon receiving instructions from the Administrator, will sign transactions necessary to transfer bitcoin out of the Trust Custody Account and distribute to the Bitcoin address specified by the Authorized Participant.
Sponsor must engage an independent audit firm to periodically audit the Custodian’s Cold Storage System protocols and internal controls (“Internal Controls Audit”), and report to the Sponsor at least annually on such matters. Additionally, the Sponsor must engage an independent audit firm to biannually verify that the Custodian can demonstrate “proof of control” of the private keys that control the Trust’s bitcoin (“Proof of Control Audit”). One Proof of Control Audit will be conducted at the end of each calendar year and the other at random.
The Administrator will use the Gemini Exchange Spot Price as measured at 4:00 p.m. Eastern time (the “Evaluation Time”) to calculate the Trust’s NAV. The Administrator will calculate the Trust’s NAV by dividing the net assets of the Trust by the number of the Shares outstanding as of the close of trading on the Exchange (which includes the net number of any of the Shares created or redeemed on such Business Day).
The Trust will issue and redeem the Shares in Baskets only to certain Authorized Participants on an ongoing basis. On a creation, Baskets will be distributed to the Authorized Participants by the Trust in exchange for the delivery to the Trust of the appropriate number of bitcoin (i.e., bitcoin equal in value to the value of the Shares being purchased). On a redemption, the Trust will distribute bitcoin equal in value to the value of the Shares being redeemed to the redeeming Authorized Participant in exchange for the delivery to the Trust of one or more Baskets. On each Business Day, the value of each Basket accepted by the Administrator in a creation or redemption transaction will be the same (i.e., each Basket will consist of 50,000 Shares and the value of the Basket will be equal to the value of 50,000 Shares at their net asset value per Share on that day). Authorized Participants must be (i) registered broker-dealers or other securities market participants, such as banks and other financial institutions, which are not required to register as broker-dealers to engage in securities transactions, and (ii) DTC Participants.
The Trust’s website, which will be publicly available prior to the public offering of the Shares, will include a form of the prospectus for the Trust that may be downloaded. The website will include additional quantitative information updated on a daily basis, including, for the Trust: (i) the prior Business Day’s reported NAV, the highest quoted bid price for the Shares (the “Best Bid”) and lowest quoted offer price for the Shares (the “Best Ask”), the mid-point of the spread between the Best Bid and the Best Ask at the time of the NAV calculation(the “Best Bid/Best Ask”), the daily trading volume of the Shares, and the calculation of the premium and discount of the Best Bid/Best Ask against the NAV . . .
The Sponsor will calculate an estimated fair value of the Shares based on the most recent Gemini Exchange Spot Price (the “Intraday Indicative Value”), which will be updated and widely disseminated by one or more major market data vendors at least every fifteen (15) seconds during the Exchange’s regular trading hours.
The Basket creation and redemption process is important for the Trust in providing Authorized Participants with an arbitrage mechanism through which they may keep Share trading prices in line with the NAV. If the market price of the Shares is greater than the NAV, an Authorized Participant can purchase sufficient bitcoin to create a Basket, and then sell the new Shares on the secondary market at a profit. If the NAV is greater than the market price of the Shares, an Authorized Participant can purchase Shares on the secondary market in an amount equal to a Basket and redeem them for bitcoin, and then sell the bitcoin at a profit.
The Shares will be subject to BZX Rule 14.11(e)(4), which sets forth the initial and continued listing criteria applicable to Commodity-Based Trust Shares.
The Trust currently expects that there will be at least 100,000 Shares outstanding at the time of commencement of trading on the Exchange. The Exchange deems the Shares to be equity securities, thus rendering trading in the Shares subject to the Exchange’s existing rules governing the trading of equity securities. BZX will allow trading in the Shares from 8:00 a.m. until 5:00 p.m. Eastern Time.
Within 45 days of the date of publication of this notice in the Federal Register or within such longer period up to 90 days (i) as the Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding or (ii) as to which the self-regulatory organization consents, the Commission will: (a) by order approve or disapprove such proposed rule change; or (b) institute proceedings to determine whether the proposed rule change should be disapproved. The Commission will post all comments on the Commission’s Internet website (http://www.sec.gov/rules/sro.shtml).
submitted by tryn2hlp to BitcoinMarkets [link] [comments]

Winkelvoss Brothers Launch Bitcoin Fund, Chris Kelly Drug Overdose, Shitstorm German Duden Entry Neues Bitcoin Allzeit-Hoch!  Winklevoss Trust ETF  BTC-ECHO Wochenrückblick KW 08 Winklevoss Bitcoin Trust {COIN} on Nasdaq OMX Winklevoss Brothers To Create Bitcoin ETF - YouTube Winklevoss Twins Pumping Bitcoin - YouTube

At Winklevoss Capital, we believe in determined entrepreneurs. Risk-taking is just in their blood. By providing guidance, relationships and capital, we reinforce their pursuit of a frictionless world and a better human experience. Because those who dare to fail greatly, dare to achieve greatly. The Road to Bitcoin ETF Approval . Firms looking to launch bitcoin ETFs have run into problems with regulatory agencies. Cameron and Tyler Winklevoss, famous for their involvement in Facebook ... The price of bitcoin dipped 3 percent to $7,880 following the news, according to data from Coinbase.. Last year, the SEC disapproved an application for the "Winklevoss Bitcoin Trust" but in June ... In fact, Bitcoin was specifically designed so people can transact without having to trust anyone – even in the presence of bad actors. “Some have wondered why Gemini believes the Revolution Needs Rules,” Cameron Winklevoss responded last week. Answer: Crypto doesn’t need rules, but the companies built on top of it do. "Winklevoss Bitcoin Trust ETF" Zuvor hatte bereits das Wall Street Journal berichtet, dass die US-Börsenaufsicht SEC bis zum 11. März über eine Regeländerung entscheidet, die eine Zulassung ...

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Winkelvoss Brothers Launch Bitcoin Fund, Chris Kelly Drug Overdose, Shitstorm German Duden Entry

Winklevoss Twin: Next Bitcoin Bull Run Will Be ‘Dramatically Different’ Billionaire investor and Gemini founder Cameron Winklevoss says the next Bitcoin bull... In this video I talk about the winklevoss bitcoin trust that will be having an IPO on the Nasdaq OMX. I talk about the max price per share and how much the IPO might bring in. I also talk about ... https://bitcoin-geekend.teachable.com The ETF that Winklevoss Trust soon launches will create bridge between conventional stock market and bitcoin. Exact same case applies to the SPDR gold ETF ... Tyler and Cameron Winklevoss, famed for their legal dispute with Facebook's Mark Zuckerberg, have unveiled plans to float a Bitcoin trust. The Winklevoss Bitcoin Trust will initially sell $20m (£ ... Today in the news: - and the Winklevoss twins plan $20m Bitcoin trust fund - Kriss Kross Rapper, Chris Kelly's cause of death is revealed - An English rude w...

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