Why is this important?
Without ETF, Financial Institutions can not buy unregulated product/asset such as bitcoin.
The Bitcoin ETF brings the unique world of bitcoin to financial institutions and hedge funds.
By the Winklevoss Bitcoin Trust.
$COIN will be an exchange-traded fund (ETF) that can track the price of bitcoin because its only asset will be bitcoin. * Shares of COIN will represent fractional ownership of the fund’s total bitcoin.
Digital Asset Services, LLC has filed a preliminary registration statement (also called an S-1) for COIN with the U.S. Securities and Exchange Commission (SEC). Shares of COIN will be listed on the Bats BZX Exchange for which Bats has filed a proposed rule change with the SEC (called a 19b-4). Shares of COIN are expected to be available for trading on all national security exchanges.
PRELIMINARY REGISTRATION STATEMENT
The most recent version of the preliminary registration statement is the 8th Amendment to the S-1.
filed December 7, 2016
BATS BZX EXCHANGE RULE FILING
The most recent version of the Bats proposed rule change is the 1st Amendment to the 19b-4. The SEC has sought public comment on this proposed rule change. You can
filed October 28, 2016
Digital Asset Services, LLC, the sponsor of the Winklevoss Bitcoin Trust (the Trust), has filed a preliminary registration statement for the Trust with the U.S. Securities and Exchange Commission (SEC) to offer its Winklevoss Bitcoin Shares (the Shares) to investors after the Trust’s registration statement is declared effective by the SEC. The Shares may not be sold nor may offers to buy be accepted prior to that time. The Trust’s purpose is to hold only bitcoin. The Shares will be listed on the Bats BZX Exchange under the ticker symbol “COIN” and will settle with the CUSIP 97425P107.
Winklevoss Bitcoin Trust