Winklevoss Bitcoin Trust Looks to Raise $65 Million for ETF

According to an SEC document filed yesterday, the Winklevoss Bitcoin Trust has filed to switch the listing from Nasdaq to BATS Global Markets and has filed for a maximum offer of $65 million.
Having listed their first application to list on Nasdaq, with the Securities and Exchange Commission (SEC) three years ago, the brothers are now looking to list the Winklevoss Bitcoin Trust, their bitcoin exchange-traded fund [ETF] to BATS Global Markets.
The filing reveals that the size of the offering will be a listing of 1 million shares, at $65 each. That figure is up from the list price of $20.09 each share, three years ago in its first filing.
While there are no details within the filing describing the change in trading platforms, the move sees the Winklevoss twins looking to list in BATS, now the second largest US equities market operator and a popular destination for EFTs.

This post was published at Crypto Coins News on 30/06/2016.