In February 2014, Winklevoss Capital launched the Winkdex, a bitcoin index that will eventually be used for a planned bitcoin ETF, “COIN,” which was first proposed in 2013 but is still waiting on regulatory approval.
“The Winklevoss brothers also plan to use another of their bitcoin-related properties, the Gemini Trust Co., as the bitcoin trust’s custodian, according to the filing. Gemini, which operates a digital-currency exchange, received a trust charter from the New York State Department of Financial Services in October and will hold the bitcoins underlying the trust,” according to the Journal.
Gemini is the third bitcoin-related institution to acquire regulatory approval and the second to be granted a charter by the DFS to a bitcoin-related business. Circle Internet Financial received the first BitLicense and ItBit received a charter last year.
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