Street bank will serve as Winklevoss bitcoin ETF managers

Street bank will serve as Winklevoss bitcoin ETF managers


According to the U.S. Securities and Exchange Commission (SEC) announced a new document on Tuesday, the headquarters is located in Boston Street bank (StateStreet) has been listed in the Winklevoss bitcoin trust management and transfer agent, and BurrPilgerMayer in San Francisco will be responsible for the relevant audit work.

According to the application, after the bitcoin ETF listed Street bank will be responsible for the daily management of trust, maintain their books and net asset value calculation of trust (NAV) or the issue price per share. It is also worth noting that the ETF application content changed slightly.

For example, the file shows that the bitcoin ETF will use the “special” system to verify the relevant custodian control private key, allowing them to transfer ownership.

New documents show that bitcoin Winklevoss submitted ETF application, has more advantage than other similar applications. “Other digital assets of ETP, may be unable or unwilling to provide the bitcoin private key” control “certification, said” file.

Continue to wait

Theoretically speaking, SEC approved ETF, can attract more investors to invest in the mainstream, but this is not a sure thing.

In order to achieve this goal, the Winklevoss brothers had worked hard for many years, this summer, when the Winklevoss brothers proposed to apply for transfer to the BATS exchange, the decision for a long period of public consultation.

Despite some progress, but there are still market observers said that from the first bitcoin ETF on-line transaction, may also need to wait for a period of time.

Leave a Reply

Your email address will not be published. Required fields are marked *