The Winklevoss brothers are famous for suing Mark Zuckerberg over the creation Facebook. Now they’re taking a new stab at fame through virtual currencies.
The brothers—Cameron and Tlyer—will launch the Winklevoss Bitcoin Fund on the NASDAQ stock exchange. The brothers intend to sell 20.1 million in shares for the exchange-traded fund.
An exact launch date has not been announced. The Winklevoss Bitcoin Fund will have the COIN symbol on the exchange.
The brothers’ previous investments include BitInstant, the now-defunct bitcoin exchange. In February 2014, they launched Winkdex, a Bitcoin index.
The move comes as Bitcoins have been losing some value—Bitcoins are at about $300—due mostly to the mining of new bitcoins as well as merchants that accept bitcoins quickly moving to convert then to real currency. But some analysts still feel the long-term prospects for virtual currencies are strong.
