“One of the most anticipated steps in the expansion of the financial architecture around the rapidly growing but highly volatile bitcoin market is the planned launch of the Winkelvoss Bitcoin Trust, an exchange-traded fund sponsored by the twin brothers who gave it its name, Cameron and Tyler Winkelvoss. Before it launches, that ETF must be approved by the Securities and Exchange Commission, which is currently working through the latest version of the Trust’s S1 registration. According to the Trust’s lawyer, Evan Greebel, the prospects for approval look good. An SEC spokeswoman declined to comment on the process.”
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