Winklevoss Twins' Fortune to Doubled, - Bloomberg

Bloomberg experts estimate the fortune of twins as high as $1.45B; it increased due to Bitcoin rally
28 June 2019   888

According to Bloomberg, the assets of the founders of the Gemini exchange Cameron and Tyler Winklevoss doubled this January due to the rapid growth of digital gold.

According to the index of billionaires by Bloomberg, consisting mainly of Bitcoin and other cryptocurrency assets of twin brothers reached $ 1.45 billion - the highest value since March 2018. It is noteworthy that at the beginning of the year this figure was $ 654 million.

Meanwhile, according to the latest figures, Grayscale’s total assets under management reached $ 3 billion:

At the same time, the overwhelming majority of large investors prefer to invest in assets based on the first cryptocurrency. So, AUM of Graco's Bitcoin-based trust currently stands at $ 2.84 billion.

Recall that about a week ago Grayscale launched Ethereum Trust. At that moment, the total assets of the fund were $ 2.3 billion.

Wilshire Phoenix to Update BTC ETF Application

It's planned that the exchange traded fund will be provided not only by the crypto, but also with treasury bonds
17 October 2019   110

Wilshire Phoenix and NYSE Arca have amended the application for the launch of Bitcoin ETF.

The fund will be provided not only with the first cryptocurrency, but also with treasury bonds.

The custodian of digital assets will be Coinbase Custody. The company will confirm the availability of bitcoins in providing the fund within five working days from the moment of monthly rebalancing.

To determine the value of the bitcoins held, the fund will use the base rate of the Chicago Mercantile Exchange - CME CF Bitcoin Reference Rate (CMR CF BRR).

Wilshire Phoenix recommended that the US Securities and Exchange Commission (SEC) focus on the spot market for bitcoin, which plays a key role in determining its value.

The SEC has already begun to accept public comments on the updated proposal.

Wilshire Phoenix and NYSE Arca filed an initial application in May. At the end of September, the SEC postponed a decision on it.