Post
Topic
Board Speculation
Re: Winklevoss Bitcoin Trust (COIN ETF) to Launch in 2014
by
lyth0s
on 15/09/2014, 07:50:57 UTC
For every 5 shares of the COIN ETF the winklevoss brothers will hold 1 bitcoin. If there is demand over the amount of coins they already have, the will then buy 1 bitcoin from the market for every new 5 share purchases so if it takes off it can create some serious demand for bitcoins.