The Bitcoin Investment Trust is expected to list on the OTCQX in the fourth quarter with the goal of eventually securing a listing on a major U.S. exchange.

Although no firm launch date for the Winkelvoss Bitcoin Trust has been announced, firming up the trust’s listing exchange and its ticker can be seen as signs things are progressing as expected.

Last week, the US Marshals Service auctioned off nearly $18 million worth off seized bitcoin. CoinDesk reports that venture capitalist Tim Draper was the winner of that auction. The Marshals Service announced Tuesday that one unidentified bidder won all 10 bitcoin blocks up for auction.

ETF Trends editorial team contributed to this post.

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