It looks increasingly like the Winklevoss Bitcoin Trust (COIN) will actually launch.
If it hits the market later this year, it will come a decade after the inception of the world's largest gold fund, SPDR Gold Shares (GLD
). COIN was modeled on GLD and in some ways is trying to be a new generation's version of gold. The cyptocurrency would move closer to the mainstream in an exchange-traded fund wrapper.