Bitcoin, IPO, ETF and Crowdfunding

Publication Type

Book Chapter

Publication Date

2015

Abstract

We discuss the recent attempts at initial public offering (IPO) for Bitcoin entities on traditional exchanges and the emergence of alternative unregulated decentralized exchanges via blockchain technology in this chapter. The first part of this chapter considers, as case studies, the legal structure of the Digital CC IPO in Australia, the Winklevoss Bitcoin Trust as an exchange-traded fund in the United States. The second part explores the emerging use of cryptocurrencies for off-exchange crowdfunding efforts and potential of such technologies for automatic distributed exchanges. Finally, we discuss the possibility and risk involved in Initial Crowd Offering (IWO) using cryptocurrency as a universal fund raising currency.

Keywords

Virtual currency, Bitcoin, Crowdfunding, Financial products, NASDAQ, Initial Crowd Offering

Discipline

Business | E-Commerce

Research Areas

Quantitative Finance

Publication

Handbook of Digital Currency: Bitcoin, Innovation, Financial Instruments, and Big Data

Editor

Lee, David K. C.

First Page

529

Last Page

557

ISBN

9780128021170

Identifier

10.1016/B978-0-12-802117-0.00027-8

Publisher

Elsevier Academic Press

City or Country

Amsterdam

Additional URL

https://doi.org/10.1016/B978-0-12-802117-0.00027-8

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