Bitcoin ETF Under Review

Lawyer for the Winklevoss twins, who want to found the world's first ETF for investing in the bitcoin virtual currency, is in dialogue with SEC regulators.

The lawyer who drafted Cameron and Tyler Winklevoss’s plan for an exchange-traded fund (ETF) investing in the virtual currency bitcoin said she is “in dialogue” with regulators over revising the plan.

An amended version of the proposal for the Winklevoss Bitcoin Trust, first filed with the U.S. Securities and Exchange Commission (SEC) on July 1, will probably be submitted within two weeks, Kathleen H. Moriarty, a partner at Chicago-based law firm Katten Muchin Rosenman LLP, said in a Jan. 28 interview in Hollywood, Florida.

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