In April Cameron and Tyler Winklevoss claimed their Bitcoin portfolio was worth $11 million -- around 1 percent of the currency's dollar equivalent at the time -- and now the pair are hoping to bring the alternative currency to traditional investors. As reported by The New York Times, the Winklevoss Bitcoin Trust would function as a normal exchange-traded fund -- but instead of focusing on stocks, the fund would be made up of Bitcoins. Since shares in these types of funds are traded, investors w...
Winklevoss twins' Bitcoin trust aims to introduce investors to alternative currency
The Verge - 2 Jul 2013 05:00
In April Cameron and Tyler Winklevoss claimed their Bitcoin portfolio was worth $11 million -- around 1 percent of the currency's dollar equivalent at the time -- and now the pair are hoping to bring the alternative currency to traditional investors. As reported by The New York Times, the Winklevoss Bitcoin Trust would function as a normal exchange-traded fund -- but instead of focusing on stocks, the fund would be made up of Bitcoins. Since shares in these types of funds are traded, investors w...
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