Wednesday, December 31, 2014

"Winklevoss Bitcoin Trust files to sell 20.1 million shares

Because of the asymmetries inherent in this creature there will be some wonderful opportunities.

From MarketWatch:
The Winklevoss Bitcoin Trust on Wednesday filed to sell 20.1 million shares on the Nasdaq exchange. The shares represent units of interest in the bitcoin exchange-traded fund launched by Tyler and Cameron Winklevoss, the twins who are best known for their legal dispute with Mark Zuckerberg over Facebook's FB, -0.32% origins. The ETF will be listed under the symbol COIN, according to the filing. The Winklevoss brothers also launched a bitcoin index - the Winkdex - in February. Bitcoin is a decentralized virtual currency that has attracted attention for its big price swings. 
HT: MarketWatch's Murdochian brethren at Barron's.

"Math-Based Asset Services, LLC is the sponsor of the Trust"