05 Jul '13, 3pm

In Tyler Winklevoss's own words, here's how that that Bitcoin exchange traded offering will work

In Tyler Winklevoss's own words, here's how that that Bitcoin exchange traded offering will work

Tyler and Cameron Winklevoss. Getty Images Cameron and Tyler Winklevoss, the twins best known for their role in the history of Facebook, have had their fair share of headlines this week. The reason, of course, is their plan to come to market with an exchange-traded product giving investors exposure to Bitcoin , a virtual currency that exists outside the realms of governments and central banks. They filed with the U.S. Securities and Exchange Commission for a public listing of the Winklevoss Bitcoin Trust with a proposed valuation of $20m. The value of the Bitcoin market has fluctuated in recent months but is currently valued at around $1bn. The Winklevoss twins say they own about 1% of the total Bitcoin stock. There are risks, there is more than a little intrigue. Tyler Winklevoss discussed the trust, its target market and potential future projects with sister title Financ...

Full article: http://blogs.wsj.com/moneybeat/2013/07/05/a-qa-with-bitco...

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