08 Jul '13, 12pm

Don’t laugh off the Winklevii’s Bitcoin ETF

Another oddity of the Winklevoss Trust is that the brothers themselves have been buying up bitcoins, and their own stash may serve as the seed coins for the fund. Even if they truly believe in the future of bitcoin — and every interview or statement they’ve given suggests they think bitcoin is revolutionary — an investor can’t help but feel like the ETF is a way for them to backstop their own investment. (Relative to reported family fortunes or the Facebook settlement, the brothers’ bitcoin investment — reportedly $11 million as of April — is small potatoes.)

Full article: http://www.marketwatch.com/story/dont-laugh-off-the-winkl...

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