Bloomberg adds WinkDex to ticker

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WinkDex on Bloomberg, from the Winkevoss Capital blog post.

WinkDex on Bloomberg, from the Winkevoss Capital blog post.

Although the Winklevoss Bitcoin Trust is still making its way through the SEC maze, the “Winklevii” do have some good news to share. The duo’s “blended bitcoin price index,” better known as the WinkDex, was added to the official Bloomberg price ticker today. Bloomberg subscribers can view the index under the symbol WINKBTCO.

While the listing of bitcoin prices on Bloomberg is nothing new (both Kraken and Coinbase also have Bloomberg symbols), the addition does add fuel to the debate about a looming entry of Wall Street into the bitcoin market. Bloomberg has repeatedly stated that their inclusion of bitcoin prices do not reflect any form of endorsement, and the company’s trading platform does not offer support for bitcoin transactions.

That may change soon, however, as the Winklevoss Bitcoin Trust is expected to finally clear all SEC hurdles late in Q3. The exchange-traded fund (ETF) is expected to be listed in the NASDAQ, making it fair game for Bloomberg’s trading platform.

According to the announcement, the WinkDex will also be launching new features in the coming weeks, including a new API. The updates may be an indirect indication that the brothers’ ETF is nearing launch, as the original purpose of the WinkDex was to satisfy an SEC requirement for establishing an accurate spot price for bitcoin. The site has been almost unchanged since its launch in February.

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