ETA for the ETF? (and Gemini Exchange speculation) - page 4.

Patel

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Quote from: wakka622 on September 25, 2015, 10:31:06 AM

Quote from: Patel on September 23, 2015, 07:17:36 PM

Quote from: ?? on ??

Quote from: rjclarke2000 on September 22, 2015, 04:12:54 PM

What would be a realistic release date in your opinion? Personally I'd be surprised with 2015.

I think it could be done within a few days after Gemini is becoming a trust company - they had more than 2 years to prepare the ETF. Not sure if that's in 2015, but it could be.

There is no way the SEC is gonna let it pass using the last S-1A

There is a 90% chance they will submit another S-1A and remove exchanges like btc-e, mtgox, etc. They will replace all the foreign bitcoin companies and resources with things like Gemini, Coinbase Exchange, itBit and other regulated infastructure.

Then the SEC will review it again.

That sounds like the smart option but are you sure they must do this because if so then it could be another year before we see the etf launched.

yes I am very sure. The old S-1A has nothing in it about Gemini. They have to file a new S-1A. The reason their last S-1A was so long ago is because they are waiting to get all their ducks lined up, then submit one final S-1A with everything in it.

If I had to take a guess, it's 6-12 months away after/if their Gemini charter gets approved

note: I am not a legal expert, not giving legal advice, and I am not dealing with this ETF in any way. I am just giving my opinions.

wakka622

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Quote from: Patel on September 23, 2015, 07:17:36 PM

Quote from: ?? on ??

Quote from: rjclarke2000 on September 22, 2015, 04:12:54 PM

What would be a realistic release date in your opinion? Personally I'd be surprised with 2015.

I think it could be done within a few days after Gemini is becoming a trust company - they had more than 2 years to prepare the ETF. Not sure if that's in 2015, but it could be.

There is no way the SEC is gonna let it pass using the last S-1A

There is a 90% chance they will submit another S-1A and remove exchanges like btc-e, mtgox, etc. They will replace all the foreign bitcoin companies and resources with things like Gemini, Coinbase Exchange, itBit and other regulated infastructure.

Then the SEC will review it again.

That sounds like the smart option but are you sure they must do this because if so then it could be another year before we see the etf launched.

gentlemand

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Quote from: rjclarke2000 on September 23, 2015, 02:17:13 PM

A little part of me has had this on my mind for a while too.

Doesn't have to be the first to succeed but they must be feeling a little peeved that things aren't unfurled yet. If I'd been them I would've put something more modest into action just to get things rolling. Something more meaningful and useful than the Winkdex obviously.

Patel

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Quote from: ?? on ??

Quote from: rjclarke2000 on September 22, 2015, 04:12:54 PM

What would be a realistic release date in your opinion? Personally I'd be surprised with 2015.

I think it could be done within a few days after Gemini is becoming a trust company - they had more than 2 years to prepare the ETF. Not sure if that's in 2015, but it could be.

There is no way the SEC is gonna let it pass using the last S-1A

There is a 90% chance they will submit another S-1A and remove exchanges like btc-e, mtgox, etc. They will replace all the foreign bitcoin companies and resources with things like Gemini, Coinbase Exchange, itBit and other regulated infastructure.

Then the SEC will review it again.

note: I am not a legal expert, not giving legal advice, and I am not dealing with this ETF in any way. I am just giving my opinions.

rjclarke2000

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Quote from: randy8777 on September 23, 2015, 05:11:24 AM

Quote from: coinableS on September 22, 2015, 09:07:07 PM

Quote from: gotmilk_ on September 22, 2015, 04:55:13 PM

Quote from: Patel on September 22, 2015, 04:31:04 PM

and end of the year for the exchange.

Why so late? Twins said that they only wait for Bitlicense and since the first was now approved...

They were also saying expecting a Q1 launch for 2015. They'll be lucky to get in Q4. Really suprised by how long they are taking.

i wouldn't be surprised if they at some point decide to cancel everything due to the issues they are facing. they keep delaying everything. they can't keep delaying as there will be better alternatives by that time.

A little part of me has had this on my mind for a while too.

Dilla

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Probably stalling until closer to the halving. Good business strategy: launch Gemini around halving rush, Gemini thrives, more people poor into Gemini, bubble!!

wakka622

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I hope it launches soon. Im ready to start seeing btc get the media coverage it needs.

LFC_Bitcoin

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I thought the Gemini Exchange would be live by now, I understand there are a lot more obstacles to get the ETF approved but I have no idea why Gemini is taking so long to become a reality.

It's quite disappointing really, I was hoping it'd be trading now which would have given us a bit of a boost in the price.

randy8777

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Quote from: coinableS on September 22, 2015, 09:07:07 PM

Quote from: gotmilk_ on September 22, 2015, 04:55:13 PM

Quote from: Patel on September 22, 2015, 04:31:04 PM

and end of the year for the exchange.

Why so late? Twins said that they only wait for Bitlicense and since the first was now approved...

They were also saying expecting a Q1 launch for 2015. They'll be lucky to get in Q4. Really suprised by how long they are taking.

i wouldn't be surprised if they at some point decide to cancel everything due to the issues they are facing. they keep delaying everything. they can't keep delaying as there will be better alternatives by that time.

coinableS

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Quote from: gotmilk_ on September 22, 2015, 04:55:13 PM

Quote from: Patel on September 22, 2015, 04:31:04 PM

and end of the year for the exchange.

Why so late? Twins said that they only wait for Bitlicense and since the first was now approved...

They were also saying expecting a Q1 launch for 2015. They'll be lucky to get in Q4. Really suprised by how long they are taking.

gotmilk_

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Quote from: Patel on September 22, 2015, 05:14:45 PM

Quote from: gotmilk_ on September 22, 2015, 04:55:13 PM

Quote from: Patel on September 22, 2015, 04:31:04 PM

and end of the year for the exchange.

Why so late? Twins said that they only wait for Bitlicense and since the first was now approved...

2-3 months isn't so late. If you think about how slow DFS has been, it seems reasonable.

Have the Winklevoss said they will launch Gemini as soon as they get the Bitlicense?

I think they said that all they need is Bitlicense.

Patel

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Quote from: gentlemand on September 22, 2015, 05:18:01 PM

Quote from: Patel on September 22, 2015, 05:14:45 PM

2 months isn't so late. If you think about how slow DFS has been, it seems reasonable.

Have the Winklevoss said they will launch Gemini as soon as they get the Bitlicense?

Don't think they said that explicitly. I was under the impression they were looking to get a banking charter like Itbit. Dunno if that's true but that would take quite some time too.

It took itBit just about 3 months from the time of their application to getting the charter. The Wink's filed for their charter late July. So they would probably get it sometime in November

gentlemand

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Quote from: Patel on September 22, 2015, 05:14:45 PM

2 months isn't so late. If you think about how slow DFS has been, it seems reasonable.

Have the Winklevoss said they will launch Gemini as soon as they get the Bitlicense?

Don't think they said that explicitly. I was under the impression they were looking to get a banking charter like Itbit. Dunno if that's true but that would take quite some time too.

Patel

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Quote from: gotmilk_ on September 22, 2015, 04:55:13 PM

Quote from: Patel on September 22, 2015, 04:31:04 PM

and end of the year for the exchange.

Why so late? Twins said that they only wait for Bitlicense and since the first was now approved...

2-3 months isn't so late. If you think about how slow DFS has been, it seems reasonable.

Have the Winklevoss said they will launch Gemini as soon as they get the Bitlicense?

klee

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Quote from: gotmilk_ on September 22, 2015, 04:55:13 PM

Quote from: Patel on September 22, 2015, 04:31:04 PM

and end of the year for the exchange.

Why so late? Twins said that they only wait for Bitlicense and since the first was now approved...

The dictionaries will soon start to show Shitlevis photo next to the definition of the word 'slow'...

gotmilk_

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Quote from: Patel on September 22, 2015, 04:31:04 PM

and end of the year for the exchange.

Why so late? Twins said that they only wait for Bitlicense and since the first was now approved...

Patel

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Quote from: rjclarke2000 on September 22, 2015, 04:12:54 PM

Quote from: Patel on September 22, 2015, 04:01:34 PM

A couple big things happening for Winklevoss in my opinion.

1. CFTC officially declares bitcoin a commodity. Useful for the ETF because a couple times the Winklevoss' said the SEC is debating how to classify it. And they are following the structure of the gold etf (which is a commodity as well)

2. Bitlicenses starting to be issued. If Gemini gets one, they can launch the exchange.

What would be a realistic release date in your opinion? Personally I'd be surprised with 2015.

If I had to guess, I would say Q2'16 ish for the ETF, and end of the year for the exchange.

Fakhoury

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Quote from: rjclarke2000 on September 22, 2015, 04:12:54 PM

Quote from: Patel on September 22, 2015, 04:01:34 PM

A couple big things happening for Winklevoss in my opinion.

1. CFTC officially declares bitcoin a commodity. Useful for the ETF because a couple times the Winklevoss' said the SEC is debating how to classify it. And they are following the structure of the gold etf (which is a commodity as well)

2. Bitlicenses starting to be issued. If Gemini gets one, they can launch the exchange.

What would be a realistic release date in your opinion? Personally I'd be surprised with 2015.

I guess it would be Q1 of 2016.

rjclarke2000

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Quote from: Patel on September 22, 2015, 04:01:34 PM

A couple big things happening for Winklevoss in my opinion.

1. CFTC officially declares bitcoin a commodity. Useful for the ETF because a couple times the Winklevoss' said the SEC is debating how to classify it. And they are following the structure of the gold etf (which is a commodity as well)

2. Bitlicenses starting to be issued. If Gemini gets one, they can launch the exchange.

What would be a realistic release date in your opinion? Personally I'd be surprised with 2015.

Patel

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Activity: 1321

Merit: 1007

A couple big things happening for Winklevoss in my opinion.

1. CFTC officially declares bitcoin a commodity. Useful for the ETF because a couple times the Winklevoss' said the SEC is debating how to classify it. And they are following the structure of the gold etf (which is a commodity as well)

2. Bitlicenses starting to be issued. If Gemini gets one, they can launch the exchange.

Topic: ETA for the ETF? (and Gemini Exchange speculation) - page 4. (Read 21165 times)