Reports: Winklevoss Bitcoin Trust Files to Sell 20.1 Million Shares on Nasdaq

MarketWatch and Fox Business report that the Winklevoss Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Trust has filed to have 20.1 million shares of its exchange traded fund (ETF) sold on the Nasdaq.

The fund aims to give investors exposure to bitcoin's price on a regulated and liquid exchange, and without having to own the bitcoins themselves.

Shares of the the proposed fund would trade under the symbol "COIN." It was registered with the Securities and Exchange Commission (SEC) earlier this year. While the fund even reportedly showed up on Bloomberg terminals, it has not yet been approved. The entire registration statement can be viewed here.

DC Magnates has not yet been able to verify the report. Of note is that in the registration statement, it is stated that 1 million shares would be listed for a price of $20.09 each. These numbers are the same in earlier versions of the statement as well as in today's release. At this point, we cannot rule out that the statement's numbers, which bear resemblance to those reported, caused confusion among reporters.

The most recent version also says that each share represents 0.2 BTC. The proposed share price is based on bitcoin's traded price ($100.45) on Mt. Gox Mt. Gox Mt. Gox is the name of a Japan-based cryptocurrency exchange that was infamously hacked for 850,000 BTC worth roughly $450 million at the time in February of 2014. During July 2010 Mt. Gox formally launched Mt. Gox launched its exchange and price quoting service. It was subsequently sold to French developer Mark Karpelès in early 2011.Prior to its hacking, Mt. Gox suffered from other security vulnerabilities as early as June 2011. On 19 June, 2011, a security breach of the exchange caused the no Mt. Gox is the name of a Japan-based cryptocurrency exchange that was infamously hacked for 850,000 BTC worth roughly $450 million at the time in February of 2014. During July 2010 Mt. Gox formally launched Mt. Gox launched its exchange and price quoting service. It was subsequently sold to French developer Mark Karpelès in early 2011.Prior to its hacking, Mt. Gox suffered from other security vulnerabilities as early as June 2011. On 19 June, 2011, a security breach of the exchange caused the no Read this Term, BitStamp and BTC-e on On June 27, 2013.

If confirmed, the reports could be a major boost for a Bitcoin world seeing both the price of its currency (which has thus far not yet reacted to the reports) close out the year near 2014 lows and, in general, not much news during the quiet holiday season.