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In another sign that the Winklevoss Bitcoin ETF is making slow but steady headway, the latest amendment to the fund's S-1 filing with the U.S. Securities and Exchange Commission (SEC) will use COIN as its ticker symbol.
Since a previous filing revealed that the fund would trade on the Nasdaq exchange, that would make the Winklevoss Bitcoin ETF ticker "Nasdaq: COIN."
Formally known as the Winklevoss Bitcoin Trust, it's the brainchild of the Winklevoss twins, Cameron and Tyler. The pair gained notoriety by successfully suing Facebook Inc. (Nasdaq: FB) founder Mark Zuckerberg for $140 million for taking their idea for a social network.
The fresh amendment naming Nasdaq: COIN as the ticker symbol was filed July 1, exactly one year after the initial filing of the S-1 form. Despite the long process, the Winklevoss Bitcoin ETF appears to be on track for SEC approval, probably before the end of the year.
"Under the securities laws we are not permitted to discuss timing to launch or effectiveness," Cameron Winklevoss told The Wall Street Journal. "However, identifying the ticker symbol and the exchange are two major events that further demonstrate that we are moving forward as expected."