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What is the latest news about the Winklevoss Bitcoin Trust ETF?

avatarPatrick HsuDec 29, 2021 · 3 years ago3 answers

Can you provide an update on the latest news regarding the Winklevoss Bitcoin Trust ETF? I'm interested in knowing if there have been any recent developments or announcements related to this ETF.

What is the latest news about the Winklevoss Bitcoin Trust ETF?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    The latest news about the Winklevoss Bitcoin Trust ETF is that it is still awaiting approval from the U.S. Securities and Exchange Commission (SEC). The Winklevoss twins, who are behind the ETF, have been working towards getting it approved for several years now. However, the SEC has raised concerns about the potential for fraud and market manipulation in the cryptocurrency market. As of now, there is no specific timeline for when the SEC will make a decision on the ETF.
  • avatarDec 29, 2021 · 3 years ago
    Hey there! So, the latest news about the Winklevoss Bitcoin Trust ETF is that it's still in the approval process. The Winklevoss twins have been pushing for its approval for quite some time now, but the SEC has been a bit skeptical. They're concerned about the risks associated with cryptocurrencies, like fraud and market manipulation. So, we'll have to wait and see when the SEC will finally make a decision on this ETF. Fingers crossed!
  • avatarDec 29, 2021 · 3 years ago
    The Winklevoss Bitcoin Trust ETF, also known as the COIN ETF, is a proposed exchange-traded fund that would track the price of Bitcoin. It was first filed with the SEC in 2013, but has faced numerous delays and rejections since then. The SEC has expressed concerns about the lack of regulation and potential for market manipulation in the cryptocurrency space. As of now, the ETF is still awaiting approval from the SEC. However, it's worth noting that there are other Bitcoin ETFs available in the market, such as the Grayscale Bitcoin Trust (GBTC), which is already trading on the OTC markets.