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Winklevoss brothers name State Street as bitcoin ETF administrator

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James Kiley
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MoreEntrepeneurs Tyler and Cameron Winklevoss arrive at the Metropolitan Museum of Art Costume Institute Gala Met Gala to celebrate the opening of "Manus x Machina: Fashion in an Age of Technology" in the Manhattan borough of New York, May 2, 2016.

NEW YORK Reuters - Investors Cameron and Tyler Winklevoss on Tuesday filed amendments to their proposed bitcoin exchange-traded fund, naming State Street as administrator, according to a filing with the Securities and Exchange Commission.

The Winklevoss brothers, identical twins, had filed their first application for a bitcoin ETF called Winklevoss Bitcoin Trust three years ago.

If approved by the SEC, this would be the first bitcoin ETF issued by a U.S. entity.

According to the amended filing, State Street will provide the fund administration and accounting services, including calculating the bitcoin trust's net asset value NAV .

Another major change involved the ETF's custodian, Gemini Trust Company, doing monthly "proof of control" exercises and publishing the reports on the ETF's website.

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