Stop! Read the article... This is not an ETF, I don't know what it is, need to read up on it:
This is different to the Winklevoss ETF which needs approval from SEC (expect sometime this year - speculation):
Further down the article, suggests this is technically a "hedge fund".
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Strictly speaking, the Bitcoin Investment Trust is not an exchange-traded fund . It's a hedge fund exploiting a rule that allows owners of the shares to sell them to others after 12 months with FINRA approval.
This is different to the Winklevoss ETF which needs approval from SEC (expect sometime this year - speculation):
Quote
But going through the SEC is why Cameron and Tyler Winklevoss lost the race. Their Bitcoin ETF, which will use the ticker Nasdaq: COIN, will be a fully compliant exchange-traded fund.
Further down the article, suggests this is technically a "hedge fund".
+ 1 trust investment is not on nasdaq
