Cameron and Tyler Winklevoss's Winklevoss Bitcoin Trust — a financial asset that would track the price of Bitcoin and be traded like a stock — took another step toward realization today with the release of the Winklevoss Index, or the Winkdex.
The Winkdex takes data from multiple Bitcoin exchanges to track the price of Bitcoin in U.S. dollars. While the Bitcoin ETF isn't yet available to the public, the index was described in a securities filling today that shows the brothers have made at least some progress in eventually winning the Securities and Exchange Commission's go-ahead to market the ETF to the public. The index is published by Math-Based Asset Index, a company run by the two brothers. The Winkdex's website features biographies of Cameron and Tyler. See if you can find the differences!
Matthew Zeitlin is a business reporter for BuzzFeed News and is based in New York. Zeitlin reports on Wall Street and big banks.
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