Bitcoin Investment Trust Gets Finra’s OK to Become Public Bitcoin Fund

ArticMine

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Monero Core Team

Quote from: bclcjunkie on March 01, 2015, 10:52:19 PM

too soon to pop corks but who cares as long as i can make money off of this. also bitcoin is losing its identity as a currency and now turning more into more of a virtual commodity yet to be proven... you really think pension funds or hedge funds will invest into something that can go poof anyday? Cheesy

http://insidebitcoins.com/news/the-surprising-and-blatantly-obvious-risk-of-the-winklevoss-bitcoin-etf/28489

There are very few insurance underwriters in the world with the resources to take on this kind of risk. Lloyd’s of London comes to mind so does General Re owned by non other than Warren Buffet's Berkshire Hathaway. Warren Buffet's opinion on Bitcoin is well known, but would he be prepared to accept a massive short position on Bitcoin as an insurance underwriting risk? Furthermore what kind of premium would he want?

NUFCrichard

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Quote from: brg444 on March 02, 2015, 01:55:04 AM

Quote

In a statement, the Digital Currency Group said, “Although we have been assigned a ticker symbol, no assurances can be given as to when or if such trading will commence, or that an active public secondary market for BIT shares will develop or be maintained.”

Curious to see how this will unfold.

This seems to suggest we are not quite there yet

At last, now let's see how many people actually get involved in the etf and if it affects the price!
$500 would be lovely though!

brg444

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Bitcoin replaces central, not commercial, banks

Quote

In a statement, the Digital Currency Group said, “Although we have been assigned a ticker symbol, no assurances can be given as to when or if such trading will commence, or that an active public secondary market for BIT shares will develop or be maintained.”

Curious to see how this will unfold.

This seems to suggest we are not quite there yet

Cconvert2G36

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Quote from: BlindMayorBitcorn on March 01, 2015, 07:12:57 PM

Quote from: AtheistAKASaneBrain on March 01, 2015, 07:12:24 PM

So Barry won the race with the Winklevoss twin to be the first ever bitcoin ETF??

No.

As far as buying shares in a fund that tracks the spot price of btc, that trades on an exchange (the pink sheets), and putting them in my scottrade account. It appears... Yes.

BitcoinIsLiberty

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Quote from: elux on March 01, 2015, 06:42:01 PM

Now listed on otcmarkets.com:

- http://www.otcmarkets.com/stock/BTCV/profile
- http://www.otcmarkets.com/stock/BTCV/quote

GBTC now it appears.

bclcjunkie

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too soon to pop corks but who cares as long as i can make money off of this. also bitcoin is losing its identity as a currency and now turning more into more of a virtual commodity yet to be proven... you really think pension funds or hedge funds will invest into something that can go poof anyday? Cheesy

http://insidebitcoins.com/news/the-surprising-and-blatantly-obvious-risk-of-the-winklevoss-bitcoin-etf/28489

BlindMayorBitcorn

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