The lawyer who drafted Cameron and Tyler Winklevoss's plan foran exchange-traded fund (ETF) investing in the virtual currencybitcoin said she is “in dialogue” with regulators over revisingthe plan.
An amended version of the proposal for the Winklevoss BitcoinTrust, 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 KattenMuchin Rosenman LLP, said in a Jan. 28 interview in Hollywood,Florida.
The Winklevoss twins, who claimed Mark Zuckerberg stole theiridea for a social-networking website to start Facebook Inc., areseeking to open the first ETF tracking a virtual asset. More than1,500 ETFs in the U.S. manage about $1.7 trillion, investingchiefly in stocks, bonds, and commodities.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
