Winklevoss Twins Win Patent for Crypto ETP System

The famous bitcoin billionaires have just won a patent for a crypto ETP system.

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The Winklevoss Twins | Photo by Craig Barritt/Getty Images

Cameron and Tyler Winklevoss won a patent to offer cryptocurrency-based exchange-traded products (ETPs).

Their patent was first filed on November 27 last year. It represents systems for using ETPs that will hold “digital assets” like bitcoin and all the other altcoins.

Included in the patent are both Winklevoss brothers, Evan Louis Greebel, Gregory Xethalis, and Kathleen Hill Moriarty.

An ETP is a security, the value of which is determined from other investment instruments like currencies, interest rates, and the like. In this particular case, the ETP value will be derived from cryptocurrencies.

Just last May, the twins were already granted a similar patent that would allow them to use cryptocurrencies to settle ETPs.

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