Winklevoss Twins Plan To Set Up Bitcoin Trust Fund

Will sell $20 million worth of shares


Tyler and Cameron Winklevoss, famed for their legal dispute with Facebook's Mark Zuckerberg, have unveiled plans to float a Bitcoin trust.

The Winklevoss Bitcoin Trust will initially sell $20m (£13m) worth of shares to investors, according to a filing with the US regulators.

The twins are among the key backers of Bitcoin, a virtual currency traded independently of monetary authorities.