Tyler and Cameron Winklevoss, founders of Crypto exchange Gemini, have sought the creation of a bitcoin exchange-traded fund for so long.
While the process is still continuously changing, a company attached to the brothers has gained another U.S. patent related to the creation of exchange-traded products bound to cryptocurrencies and digital assets.
Winklevoss IP LLP was the name of the firm that received the patent award on June 19. Evan Louis Greebel, Kathleen Hill Moriarty, and Gregory Elias Xethalis were included as investors along with the Winklevoss brothers.
As reported previously, the Winklevoss brothers obtained a patent for a system that settles transactions for ETPs bound to cryptocurrencies just last month.
This week’s award names a variety of cryptocurrencies, from bitcoin and monero to rare ones like BBQcoin. The patent is the seventh crypto-related patent the Winklevoss brothers have won, according to the data.
In March 2017, a proposal by the Winklevoss brothers to list a bitcoin-tied exchange-traded fund (ETF) was once rejected, stating that:
“The rules of a national securities exchange be designed to prevent fraudulent and manipulative acts and practices and to protect investors and the public interest.”