Winklevoss brothers win patent for crypto ETPs

The Winklevoss brothers who are both early Bitcoin investors and clearly work towards the institutionalization of the market of digital currencies have a serious victory this week. As seen from the United States Patent and Trademarks Office (USPTO) website, their version of Bitcoin, Ethereum, Litecoin and Ripple ETPs (exhange-traded products) has been approved by the authorities.

Last year, the United States Securities and Exchange Commission did not allow the Winklevoss twins to register a similar patent, as the media now reminds. The possible explanation is what Adena Friedman (NASDAQ head) has said about cryptocurrency ETFs (exchange-traded funds): before any implementation is made, they require deep analysis.

The Winklevoss brothers are optimistic about Bitcoin and the future of cryptocurrency. One can say that they are quite probably the biggest non-anonymous long-term Bitcoin holders: they have invested several millions of dollars when Bitcoin cost only $120. They did not sell their Bitcoin funds in December 2017 when the cryptocurrency has reached its absolute maximum of $20,000.

Image: Telemundo.com