Winklevoss Bitcoin Trust to Move Products to Bat Global Exchange

Crazy Commentary : The Securities and Exchange Commission (SEC) released a document today that the Winklevoss Bitcoin Trust no longer appears on the Nasdaq (National Association of Securities Dealers Automated Quotations) list. The founders and investors of the Winklevoss Bitcoin Trust, brothers Tyler and Cameron Winklevoss, have changed their strategy and are now trying to put the product on the BATS Global Exchange.

Translation: Nicole

The Winklevoss Bitcoin Trust no longer appears on the Nasdaq listing, according to a filing released today by the Securities and Exchange Commission (SEC).

After three years of waiting for regulatory approval from the Securities and Exchange Commission (SEC), brothers Tyler and Cameron Winklevoss, founders and investors of the Winklevoss Bitcoin Trust, have changed tack and are now seeking to list the product on BATS Global Exchange.

What is clear is that the Winklevoss brothers also increased the value of the stock from $20 million to $65 million, which allowed them to bid up the stock price and then sell it to retail investors.

If the Securities and Exchange Commission (SEC) approves the request, the Winklevoss Bitcoin Trust will become the first Bitcoin investment vehicle approved by federal regulators. While the Winklevoss are awaiting regulatory approval, this is not their only digital currency investment in the market.

Last month, Gemini digital currency exchange announced the launch of Ethereum trading services, while expanding the service to the United Kingdom and Canada.

Gemini is doing this to gain market share in the bitcoin/dollar trading space, where it currently lags behind rivals Coinbase and itBit.

The sponsor of the Winklevoss Bitcoin Trust is Digital Asset Services, LLC, a Delaware limited liability company founded in 2013 and a wholly owned subsidiary of Winklevoss Capital Management, LLC.