{"id":36555,"date":"2013-07-03T13:08:19","date_gmt":"2013-07-03T17:08:19","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=36555"},"modified":"2013-07-03T13:16:30","modified_gmt":"2013-07-03T17:16:30","slug":"bitcoin-fund-launched-by-the-winklevii","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2013\/bitcoin-fund-launched-by-the-winklevii.html","title":{"rendered":"Bitcoin Fund Launched By The Winklevii"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/07\/winklevoss-douches.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-36570\" alt=\"Cameron and Tyler Winklevoss, co-founders of ConnectU Inc., arrive at the U.S. District Court in Boston\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/07\/winklevoss-douches-244x300.jpg\" width=\"244\" height=\"300\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/07\/winklevoss-douches-244x300.jpg 244w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/07\/winklevoss-douches.jpg 340w\" sizes=\"auto, (max-width: 244px) 100vw, 244px\" \/><\/a>New York (HedgeCo.Net) &#8211; Twins\u00a0Cameron and Tyler Winklevoss, former Olympic rowers, (also called the Winklevii in the Facebook movie &#8216;The Social Network&#8217;)\u00a0have revealed plans to float a fund based on the digital currency Bitcoins, DealBook reports.<\/p>\n<p>The twins are venture capitalists, according to Wikipedia, and have led a seed funding round for Bitcoin payment processor BitInstant. In April 2013, the brothers claimed they owned nearly 1% of all Bitcoin in existence at the time.<\/p>\n<p>Andrew Ross Sorkin&#8217;s DealBook reports: &#8220;The twins filed a proposal with securities regulators on Monday that would allow any investor to trade bitcoins, just as if they were stocks. The plan involves an\u00a0exchange-traded fund, which usually tracks a basket of stocks or a commodity, but in this case would hold only bitcoins.&#8221;<\/p>\n<p>The new fund Winklevoss\u00a0Bitcoin\u00a0Trust would initially sell $20m of shares, with each share worth a fraction of a Bitcoin, a filing with US regulator the\u00a0Securities and Exchange Commission\u00a0showed.<\/p>\n<p>\u201cThe trust brings bitcoin to Main Street and mainstream investors to bitcoin,\u201d said Tyler Winklevoss, according to DealBook, \u201cIt eliminates the friction of buying and reduces the risks associated with storing bitcoin while offering similar investment attributes to direct ownership.\u201d<\/p>\n<p>Alex Akesson<br \/>\nEditor for\u00a0<a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.Net<\/a>\u00a0is a premier\u00a0<a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\/\">hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; Twins\u00a0Cameron and Tyler Winklevoss, former Olympic rowers, (also called the Winklevii in the Facebook movie &#8216;The Social Network&#8217;)\u00a0have revealed plans to float a fund based on the digital currency Bitcoins, DealBook reports. The twins are venture [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-36555","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=36555"}],"version-history":[{"count":7,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36555\/revisions"}],"predecessor-version":[{"id":36566,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36555\/revisions\/36566"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=36555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=36555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=36555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}