The Winklevoss Bitcoin ETF

This sounds a bit like the name of a nerdy summer movie, but it is not. The Winklevoss twins (formerly famous for their seemingly never ending litigation about the founding of Facebook) have been early backers of bitcoin.They have bought a lot of bitcoin, and they hope to make money with bitcoin by setting up an “exchange traded fund” (ETF). So, if you want to invest in bitcoin (thinking that its exchange value will increase relative to other currencies) but don’t want to buy bitcoin yourself, this and at least one other exchange may be for you just down the road.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s