The Winklevoss twins, who famously alleged that Facebook founder Mark Zuckerberg stole their website idea, have revealed plans for a share offering to give investors exposure to the value of Bitcoins.
Winklevoss Bitcoin Trust, which is designed to operate like an exchange-traded fund, will initially sell $20m (£13m) worth of shares in the Initial Public Offering (IPO), with each share worth a fraction of the virtual currency.
The filing, with the US Securities and Exchange Commission, said the shares were aimed at investors "seeking a cost-effective and convenient means to gain exposure to Bitcoins with minimal credit risk".
But the prospectus also warned that: "As the sponsor and its management have no history of operating an investment vehicle like the Trust, their experience may be inadequate or unsuitable to manage the Trust."
Bitcoins - a form of electronic money that is not managed by a single company or government - are "mined" by software running a set of algorithms and their release is tightly controlled, mimicking a central banking system's control over the minting of money.
They are seen by some as the future of money but critics point to extreme volatility in value - rising from $13 in January to a peak of $266 in April and back down to around $100 last week.
The US is studying the potential risk from online payment mechanisms, like Bitcoin and others, fearing virtual currency could be used by criminals or terrorists - possibly even vulnerable to hackers.
Regulators launched a money laundering probe last month against digital currency operator Liberty Reserve - based in Costa Rica.
But officials in the US have been at pains to point out that far from being unregulated, virtual currencies are under the close eye of financial watchdogs.
Cameron and Tyler Winklevoss reportedly hold approximately $11m (£7.2m) of Bitcoins.
It was their feud with Zuckerberg, portrayed in the fictional 2010 film The Social Network, which shot them to international prominence.
The identical twins settled their lawsuit with Facebook in 2008 for cash and stock, then valued at $65m.
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