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Nasdaq Exec: Winklevoss Bitcoin Trust Could Be Significant for ETF Industry

Thursday 07th, August 2014 / 07:29
Nasdaq Exec: Winklevoss Bitcoin Trust Could Be Significant for ETF Industry

nasdaq, david lavalle

In a new interview, Nasdaq Vice President of Transaction Services and Head of ETF business David LaValle has called the Winklevoss Bitcoin Trust a “significant” development for the exchange-traded fund (ETF) industry.

The ETF, first proposed by noted bitcoin investors Cameron and Tyler Winklevoss in July 2013, has been in a state of regulatory flux as the potential offering moves through the approval process. According to recent filings with the Securities and Exchange Commission (SEC), the ETF would trade under the name ‘COIN’.

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