For three years, twin brothers Cameron and Tyler Winklevoss, Gemini exchange owners have been looking to offer a Bitcoin ETF. It explained that an ETF (Exchanged Traded Fund in its acronym in English) is not more than a quotable background on the Stock Exchange. Undoubtedly, a significant step for cryptocurrency.
In his project, on Wednesday they took a significant step, since they made significant changes to its regulatory filing of the SEC (Securities and Exchange Commission, SEC). If they do this, Bitcoin exchange would be the first to be approved by the federal regulator.
First, they wanted to include the proposal Bitcoin Winklevoss Trust (which go by the ticker COIN) on Nasdaq; however, they changed to BATS Global Markets, which has become a popular option for newly launched ETF and is known for being a bag having advanced technology. BATS is an operator of stock markets and services for financial markets which has become the third largest market in the United States and also operates in Europe. Its main office is in Kansas.
In addition, the Winklevoss twins increased the size of the offering of 20 million to 65 million, a move that could increase the maximum price of the shares offered to retail investors.
So are they are still on track to get listed on NASDAQ as well?
There's no mention of them withdrawing their NASDAQ bid.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit