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Winklevoss twins out to form $20 mln bitcoin trust

July 5, 2013 in Bitcoin, Investing, News, Virtual currency

Jul 02, 2013 (http://phys.org)

The Winklevoss twin brothers, famous for their feud with Mark Zuckerberg over Facebook, told US regulators that they want to raise $20 million for an eponymous bitcoin trust.

Tyler and Cameron Winklevoss, through Math-Based Asset Services, on Monday filed a plan with the US Securities and Exchange Commission for an  for a Winklevoss Bitcoin Trust that will issue Winklevoss Bitcoin Shares.

“Shares are designed for investors seeking a cost-effective and convenient means to gain exposure to Bitcoins with minimal credit risk,” the filing stated.

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