SEC Releases Winklevoss Bitcoin Trust Filing

Investors Tyler and Cameron Winklevoss are one step closer to offering the first Securities and Exchange Commission (SEC)-regulated investment product in bitcoin.

In response to BATS’ proposed rule changes last month that would lead to the listing of Winklevoss Bitcoin shares issued by the Winklevoss Bitcoin Trust, SEC Assistant Secretary Jill Peterson is now seeking public comment.

“In the Commission’s filing, the replacement includes a statement of the basis and purpose of the rule change and a discussion of any comments received on the rule change,” Peterson wrote.

According to the SEC, it will decide whether to approve the change request within 45 days.

The Winklevoss Bitcoin Trust was established three years ago by Tyler and Cameron Winklevoss to give accredited investors access to Bitcoin.

After two years of work, investors last month formally submitted a white paper to change the exchange listing on BATS in order to qualify for a Nasdaq listing.

For the rule change, no material changes are required. Instead, BATS needs to file forms to qualify a product of a certain nature as a commodity instrument.