Cryptocurrencies
Winklevoss Undeterred by Wall Street's Slow Embrace of Crypto
- Gemini crypto exchange operators dealt a blow on ETF proposal
- Brothers focusing on increasing individual investor business
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Tyler and Cameron Winklevoss aren’t licking their wounds after the Securities and Exchange Commission rejected their proposal for a Bitcoin-based exchange-traded fund last week for a second time.
While demand has waned amid this year’s plunge in the value of digital currencies and the reluctance exhibited by U.S. regulators, the twin brothers who operate the Gemini Trust Co. exchange say they’re continuing to grow the business even though most large Wall Street investors aren’t on board yet.