Winklevoss Brothers Dump Nasdaq For Proposed Bitcoin Fund

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(Reuters) – Investors Cameron and Tyler Winklevoss on Wednesday filed to switch a inventory of their due bitcoin exchange-traded account to BATS Global Markets from Nasdaq, according to a filing with a Securities and Exchange Commission.

The Winklevoss brothers, matching twins, had filed their initial focus for a inventory 3 years ago.

The due ETF, a Winklevoss Bitcoin Trust, will list 1 million shares during $65 each, according to a filing. That is adult from a list cost of $20.09 per share given in a initial filing.

The filing did not contend because there was a change in trade venues, though over a final year BATS has emerged as one of a fastest-rising trade venues for ETFs. BATS is a second largest U.S. equities marketplace operator.

If authorized by a SEC, a Winklevoss ETF would be a initial bitcoin ETF released by a U.S. entity.

The ETF would trade underneath a ticker pitch COIN.

Gemini Trust Company, a Winklevoss brothers’ trust company, that runs a bitcoin trade venue, has been designated a protector of a ETF. There was no designated protector in a prior filings.

Gemini operates a trade height for bitcoin and for another digital currency, ether.

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The ETF’s bitcoin will be

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