Bitcoin funds: Angle Voss twins plan NASDAQ IPO

A new filing with the Securities and Exchange Commission (Engl. Securities and Exchange Commission) indicates that the angle Voss twins want their Bitcoin list index funds (ETF) on the NASDAQ stock exchange. If the SEC gives the final "go", investors will have the opportunity to buy into the fund and thus acquire "shares" in bitcoins.

The submission is an update of the documents already filed with the SEC. Initially, registration with the SEC took place in July last year.

Math-Based Asset Services

The Winkelvoss Bitcoin fund would thus become the first publicly listed Bitcoin index fund. He is part of the Winkelvoss

Math-Based Asset Services LLC . According to the SEC, the fund is expected to start with one million shares. This means each share of the 200,000th bitcoin heavy fund is 1/5 bitcoin value. At the current price, the investor pays about € 64 per share.

Bitcoin price. Source: CoinDesk Bitcoin Price Index

Sales of Bitcoin "Shares" on the NASDAQ stock market would facilitate access to Bitcoin-based assets to investors. The New York-based company "Second Market" already has a Bitcoin equity fund. However, the fund is reserved for authorized investors only. The Winkelvoss twins, who were also involved in the conception of Facebook, have long been a major supporter of bitcoins. Last year they announced in estimates that the bitcoin one day can reach a value of 40,000 dollars per coin.

There are many proponents

The angle Voss twins revealed their Bitcoin funds last year and gave all to be Bitcoins is located at the time in circulation at the Owns 1%. That means they own bitcoins worth about 50 million dollars.

The brothers have already used the digital currency very much in the past. A report on CNBC and attending the New York Department of Financial Services hearing on digital currencies are just two examples. Twins will also hold a speech at the Money2010 conference in front of thousands of investors in the financial industry.

It remains to be seen whether the fund will be approved by the SEC. The twins are in any case optimistic and are confident that the fund will eventually be listed on the NASDAQ. by Daniel Cawrey via Coindesk. com

Image Source: Huffington Post