lol you guys are over estimating the winkles.
also, the etf is not going to happen anytime soon (within the next year).
They even switched legal advisors, for Gemini trust license they are now using Kaye Scholer LLP instead of Katten Muchin Rosenman LLP (which is/was used for their ETF)
I guess Katten Muchin Rosenman LLP couldn't get the job done, so they found another attorney.
good indicator: a few months before the ETF goes live because they will submit another S-1A excluding companies like mtgox, btc-e, and including companies like itbit, gemini, coinbase exchange etc
I think the SEC looked at the current, and previous, S-1A's with all those shady companies and laughed.
also, Gemini and ETF are unrelated. gemini is not a magic pill to get the ETF approved.
Gemini and itBit are practically the same in terms of regulations. And itBit is already launched. ETF's dont require the sponsors to launch their own exchange.
You should check the facts before sharing your fud
http://www.dfs.ny.gov/reportpub/wb150724.htmJuly 22, 2015 (TR-CRB)
GEMINI TRUST COMPANY, LLC
30 West 24th Street, 4th Floor, New York, New York 10010
Articles of Organization received.
Organizers
Cameron H. Winklevoss, New York, NY
Tyler H. Winklevoss, New York, NY
Evan L. Greebel, Scarsdale, NY
Charles R. Macedo, Ardsley, NY
Kathleen H. Moriarty, New York, NY
Kathleen Moriarty is still helping the Winklevoss twins, but Moriarty left Katten Muchin Rosenman LLP and joined Kaye Scholer LLP.
So the twins are now working with Kaye Scholer LLP.
http://www.kayescholer.com/in-the-market/news/firm_news/20150630-evan-l-greebel-and-kathleen-h-moriarty-join-kaye-scholers-corporate-practice-as-partnersYou can see this on Moriarty's Linkedin page:
https://www.linkedin.com/pub/kathleen-h-moriarty-aka-%22spdrwoman%22/b/236/15bAlthough, the good news is that it looks like this new firm they are working with is more interested in the Bitcoin space. From LinkedIn:
Financial Transactions Lawyer: focusing on:
--regulatory, structural, operational, trading, cross-listing and compliance issues related to ETFs, registered investment companies, other liquid alts, derivative securities, commodities and non-investment company exchange traded vehicles such as ETCs and ETPs;
--licensing of financial indexes and services for use with such products;
--BITCOIN : regulatory, structural, operational, trading, and compliance issues