Bitcoin rumoured to become the first digital currency-based ETF

Tuesday 15 July 2014 14:37 CET | News

The Winklevoss Bitcoin Trust is about to become the first virtual currency-based on the exchange traded fund, according to expectations voiced by the Exchange Traded Fund (ETF), reports.

Bitcoin ETF will appeal to investors who are interested in the currency, who will be monitoring whether SEC standard set by the IRS and classifies Bitcoin ownership or goods similar to gold, or as currency, the same source reports.

In February 2014, the Winklevoss brothers started their own version of the price tracker Bitcoin, titled “Winkdex”, and they have recently shown in an updated SEC filing that ETF ticker will be Nasdaq: COIN.


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Keywords: Bitcoin, ETF, digital currency, online payments, fund, investment, venture capital firm, investors
Categories: Payments & Commerce
Countries: World
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