It’s a bit metaphysical -- even for a virtual currency.
Speculators can bet on whether the Winklevoss Bitcoin Trust (COIN), developed by the venture capitalist twins who were involved in a long-running legal battle over the ownership of Facebook, will be approved as the first exchange-traded fund to track a digital currency by the U.S. Securities and Exchange Commission.
Such wagers can only be placed and settled in Bitcoin, naturally, on the BitMEX platform, which offers the ability to trade certain cryptocurrency derivatives with “up to 100x leverage.” The Winklevoss’s personal edition of March Madness happens in three weeks, with the decision on whether the SEC approves the $100-million offering due March 11.
Read More -> https://www.bloomberg.com/news/articles/2017-02-21/you-can-bet-on-whether-the-sec-approves-the-first-bitcoin-etf
Bet on Bitmex -> https://www.bitmex.com/app/trade/COIN_BH17
Topic: [2017-02-21]You Can Bet On Whether the SEC Approves the First Bitcoin ETF (Read 227 times)
February 25, 2017, 10:25:55 AM
Jump to: