Поділитися цією статтею
Winklevoss Brothers Tap State Street for Key Bitcoin ETF Role
State Street has been tapped to help launch the first bitcoin exchange-traded fund (ETF).
Автор Pete Rizzo
State Street has been tapped to help launch the first bitcoin exchange-traded fund (ETF).
In a new SEC filing, State Street is now listed as the administrator and transfer agent for the Winklevoss Bitcoin Trust, a proposed bitcoin ETF backed by investors Cameron and Tyler Winklevoss, the founders of the Gemini bitcoin exchange.
STORY CONTINUES BELOW
Не пропустіть жодної історії.Підпишіться на розсилку Crypto Daybook Americas вже сьогодні. Переглянути всі розсилки
According to the filing, State Street would be responsible for the "day-to-day administration of the Trust" when it is launched, as well as maintaining its books of account and calculating the Trust’s net-asset value (NAV), or the value per share of the offering.
Also noteworthy are other changes that address questions that have come up during the filing's still ongoing comment period.
For example, the filing indicates the ETF would use a "purpose-built" system to verify that the associated custodians hold control of the private cryptographic keys that would allow them to transition ownership.
The new documentation touts this as a benefit of the Winklevoss filing in comparison to other efforts that have sprung up to launch alternative bitcoin ETFs.
"Other Digital Asset ETPs may not be able to or willing to provide 'proof of control' of the private keys that control their bitcoin," the filing reads.
Waiting game
While a step forward, the development comes amid a now years-long effort by the Winklevoss brothers to launch the ETF as a way to allow investors additional exposure to digital currency market movements.
The effort picked up momentum earlier this summer when the Winklevoss brothers filed to move their application to the BATS exchange, a decision that has set off what has become an extended period of public comment.
Despite the advancements, however, market observers believe it could be years before any of the multiple proposed bitcoin ETFs goes live.
Adding fuel to this speculation is the relative lack of education about digital currencies, as well as the continued issues faced by the bitcoin exchange sector, which remains plagued by breaches and security issues.
Image via Flickr
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
DraftKings enters prediction markets with CFTC-approved app for real-world events
The sports-betting giant enters the growing world of event contracts with CFTC-registered DraftKings Predictions in 38 states.
What to know:
- DraftKings has unveiled a CFTC-regulated app letting users trade on real-world outcomes like sports and finance in 38 U.S. states.
- The move puts it in direct competition with crypto-native prediction markets like Polymarket or other competitors like Kalshi and Robinhood.
- Prediction markets have emerged as one of the biggest financial trends of the year, fueled by regulatory clarity and rising demand for real-time speculation.
Top Stories
