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Winklevoss brothers' ETF bid is rejected by SEC, bitcoin dips in value

Winklevoss brothers' ETF bid is rejected by SEC, bitcoin dips in value Call it a "Winkle" in their plans. The U.S. Securities and Exchange Commission has decided not to approve the Winklevoss Bitcoin Trust, the exchange-traded fund (ETF) launched by Tyler and Cameron Winklevoss. The brothers, notorious for receiving a large legal settlement for their involvement with the founding of Facebook, saw their application get denied today, causing bitcoin value to sink 14 percent (roughly to $1,022). It was trading at about $1,303 earlier in the day. The decision came shortly…
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