Winklevoss Twins Tap Katten Team For Bitcoin ETF

Law360, New York (July 2, 2013, 7:39 PM EDT) -- The Winklevoss twins, of Facebook fame, on Tuesday unveiled plans for an exchange-traded fund for bitcoins, the quirky online cryptocurrency, enlisting the help of the Katten Muchin Rosenman LLP partner who helped launch ETFs as an asset class.

The Winklevoss Bitcoin Trust will sell 1 million shares for $20.09 apiece, according to a filing with the U.S. Securities and Exchange Commission.

The move is an effort to legitimize bitcoins, a shadowy quasi-currency that has earned a reputation as a financier of illegal activity. Cameron and Tyler...
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