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Tuesday, July 15, 2014

Winklevoss Brothers Announce Ticker Title for New Start-up

Earlier this month, Silicon Valley tycoons, The Winklevoss twins announced the trading symbol for their cutting-edge bitcoin ETF (exchange traded fund). The bitcoin mutual fund will be launched under the mark 'COIN'.

The cryptocurrency caught the twins' eyes more than a year back as the worth of the coins skyrocketed. They divulged with plans to purchase the popular online currency July 1, 2013. Since then, more details has been released regarding what it was turning into. In May, the brothers, divulged that they were taking the Winklevoss Bitcoin trust (their Bitcoin ETF) to the stock exchange. They consider the value of Bitcoin can increase tremendously with a legitimate visibility on the exchange. On July 15, 1 Bitcoin was worth $621.45, a significant investment opportunity if what the Winklevosses say is true. This amount has been progressively growing since the statement of the fund.

'COIN' is still delayed in government regulation and there is no crystal clear or formal publicized date for the fund to go public, even though many experts are guessing that (based on government approval) the fund may be trading before the end of the year.

It is an exciting moment for the digital marketplace, but maybe what is most remarkable about bitcoin particularly is the way in which it is increasing into the real world.

Read more about this story at the New York Times and at coindesk.

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