In May, a regulatory filing revealed the Winkelvoss Bitcoin Trust will trade on the Nasdaq. In July, an Form S-1 filing with the Securities and Exchange Commission reveled the ETF, assuming it comes to life, will trade under the ticker “COIN.”
The trust’s sponsor is Math-Based Asset Services LLC, which was formed in mid-2013. The company will run the new benchmark, tracking bitcoin prices based on “qualified bitcoin exchange transaction data… over a trailing two-hour period,” according to the SEC filing.
The brothers have also introduced the bitcoin index, or so-called Winkdex, which will also be used to price the value of assets held by the Winklevoss Bitcoin Trust. [New Bitcoin Index Due Out]
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of GLD.