It looks like the Winklevoss twins will lose the race to launch the first publicly traded Bitcoin fund. And the winner of this race will most likely be Barry Silbert and his Bitcoin Investment Trust (BIT).
Barry Silbert’s fund just got approval from the FINRA, the largest independent securities regulator in the United States. The financial industry’s main self-regulatory body also assigned a ticker symbol to the company.
According to Silber, FINRA granted its request for the permanent use of the ticker symbol GBTC, which “is expected to be effective shortly”. This means the BIT is poised to become the first publicly traded cryptocurrency fund in the near future, trading via an electronic platform operated by OTC Markets Group… CONTINUE