BATS Now Exchange for Winklevoss Bitcoin Trust

Note from the Publisher:  The famous Winklevoss brothers of Facebook fame have been enamored with the future of bitcoin for several years now.  Recently they decided to refile their SEC document to list on BATS rather than Nasdaq, the latter of which is actively involved in fintech and blockchain technology via it’s Linq division. 

“The Winklevoss Bitcoin Trust is no longer attempting to list on Nasdaq, according to an SEC document filed today.

After three years of waiting for regulatory approval from the Securities and Exchanges Commission (SEC), the Trust’s founders, investors Tyler and Cameron Winklevoss, have changed tact and are now seeking to list the product on the BATS Global Exchange.

Notably, the Winklevoss brothers have also increased the size of the offering, from $20m to $65m, a move that would boost the maximum price of shares offered to retail investors.

If the SEC approves the request, the Trust would be the first bitcoin investment vehicle to be approved by the federal regulatory body. While the Winklevoss brothers await the go-ahead, the Trust isn’t their only digital currency investment on the market.”

Read Full Article at CoinDesk