The Winklevoss Bitcoin Trust exchange-traded fund (ETF) will go public following

fish731

member

Activity: 66

Merit: 10

Quote from: JamesBrown on January 06, 2015, 04:07:50 PM

Ignoring the old news, can someone explain why is this ETF being hailed as the second coming of Jesus?

Because the big boys can trade bitcoins there without having to worry if it gets hacked like bitstamp. At least that's what I was told, but don't ask me how it works.

JamesBrown

member

Activity: 98

Merit: 10

Ignoring the old news, can someone explain why is this ETF being hailed as the second coming of Jesus?

ivyleague1985

newbie

Activity: 56

Merit: 0

At the price of $287, $20m will buy up 70K coins. And bitstamp will buy back 18-19k coins. I am neutral now, your guys to figure whether the price should go up or down.

ivyleague1985

newbie

Activity: 56

Merit: 0

Quote from: NUFCrichard on January 06, 2015, 03:39:21 PM

Quote from: re-actor on January 06, 2015, 12:37:26 PM

The SEC-filings are on Nasdaq, so trustworthy it is, even though no effective date has been scheduled.
"Approximate date of commencement of proposed sale to the public: As soon as practicable after this registration statement becomes effective."

http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001193125-14-457552.txt&FilePath=\2014\12\31\&CoName=WINKLEVOSS+BITCOIN+TRUST&FormType=S-1%2FA&RcvdDate=12%2F31%2F2014&pdf=

Also, the number of shares will be 1M, and go on offer for $20,09 each.

So $20mil to start with? That's a bit undrwhelming.

Other ETFs are coming on the way. They are pending for regulatory approvals.

NUFCrichard

legendary

Activity: 1218

Merit: 1003

Quote from: re-actor on January 06, 2015, 12:37:26 PM

The SEC-filings are on Nasdaq, so trustworthy it is, even though no effective date has been scheduled.
"Approximate date of commencement of proposed sale to the public: As soon as practicable after this registration statement becomes effective."

http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001193125-14-457552.txt&FilePath=\2014\12\31\&CoName=WINKLEVOSS+BITCOIN+TRUST&FormType=S-1%2FA&RcvdDate=12%2F31%2F2014&pdf=

Also, the number of shares will be 1M, and go on offer for $20,09 each.

So $20mil to start with? That's a bit undrwhelming.

kilter71

full member

Activity: 157

Merit: 100

Quote from: re-actor on January 06, 2015, 12:37:26 PM

The SEC-filings are on Nasdaq, so trustworthy it is, even though no effective date has been scheduled.
"Approximate date of commencement of proposed sale to the public: As soon as practicable after this registration statement becomes effective."

http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001193125-14-457552.txt&FilePath=\2014\12\31\&CoName=WINKLEVOSS+BITCOIN+TRUST&FormType=S-1%2FA&RcvdDate=12%2F31%2F2014&pdf=

Also, the number of shares will be 1M, and go on offer for $20,09 each.

Can anyone, from experience, talk about how soon "as soon as practicable" is, on this type of filing?

j753k

full member

Activity: 194

Merit: 100

PUMP INCOMING, LOOK AT THAT VOLUME

re-actor

newbie

Activity: 22

Merit: 0

The SEC-filings are on Nasdaq, so trustworthy it is, even though no effective date has been scheduled.
"Approximate date of commencement of proposed sale to the public: As soon as practicable after this registration statement becomes effective."

http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001193125-14-457552.txt&FilePath=\2014\12\31\&CoName=WINKLEVOSS+BITCOIN+TRUST&FormType=S-1%2FA&RcvdDate=12%2F31%2F2014&pdf=

Also, the number of shares will be 1M, and go on offer for $20,09 each.

riiiiising

full member

Activity: 336

Merit: 100

Sad statement that a bitcoin ETF is still the most exciting item on the forecast for bitcoin.

It's not an innovation, just another path for greater fools to buy coins. Of course, if they actually wanted them, they would have bought them by now on their own, but I digress...

Chalkbot

legendary

Activity: 896

Merit: 1001

Quote from: j753k on January 06, 2015, 12:10:51 PM

http://finance.yahoo.com/news/winklevoss-bitcoin-etf-takes-one-185513402.html;_ylt=A0LEVjfRFqxUH7oAaLYPxQt.

Could be the last week to scoop up sub 300 coins.

From the second paragraph of the article you linked:

"...the Bitcoin Trust is not close to coming to market."

phoenix1

hero member

Activity: 798

Merit: 1000

Quote from: j753k on January 06, 2015, 12:10:51 PM

http://finance.yahoo.com/news/winklevoss-bitcoin-etf-takes-one-185513402.html;_ylt=A0LEVjfRFqxUH7oAaLYPxQt.

Could be the last week to scoop up sub 300 coins.

Stop spamming old news you fool. And if you even bothered to read it you would see it is no big deal ATM.

Quote

The filing did not include a launch date or expense ratio, indicating the Bitcoin Trust is not close to coming to market.

Dated 31st Dec ... this is last year's news. I've got some old magazines you can read if you want.

j753k

full member

Activity: 194

Merit: 100

http://finance.yahoo.com/news/winklevoss-bitcoin-etf-takes-one-185513402.html;_ylt=A0LEVjfRFqxUH7oAaLYPxQt.

Could be the last week to scoop up sub 300 coins.

stonerider

full member

Activity: 224

Merit: 100

Okay, it's an old news, 5-days old to be exact, masquerading as new news!

What will be the effect of the Winklevoss twin's ETF on the price of BTC?

N12

donator

Activity: 1610

Merit: 1010

Quote from: stonerider on January 06, 2015, 11:56:20 AM

http://siliconangle.com/blog/2015/01/01/winklevoss-bitcoin-trust-etf-files-to-list-1-million-shares-on-nasdaq/

is reporting the same news.

Is this real? Will this really take BTC to the moon and beyond? Should I get my fiat ready for purchase on coinbase?

It's old news (Jan 1st): http://siliconangle.com/blog/2015/01/01/winklevoss-bitcoin-trust-etf-files-to-list-1-million-shares-on-nasdaq/

This coinblahblah "news" source only put an unsubstantiated title to it.

kryptopojken

hero member

Activity: 767

Merit: 532

Gentlemen, start your engines

stonerider

full member

Activity: 224

Merit: 100

http://siliconangle.com/blog/2015/01/01/winklevoss-bitcoin-trust-etf-files-to-list-1-million-shares-on-nasdaq/

is reporting the same news.

Is this real? Will this really take BTC to the moon and beyond? Should I get my fiat ready for purchase on coinbase?

N12

donator

Activity: 1610

Merit: 1010

You know it's trustworthy when it comes from a news website with "coin" in its title.

Cheesy

j753k

full member

Activity: 194

Merit: 100

The Winklevoss Bitcoin Trust exchange-traded fund (ETF) will go public following a final filing last week to have the trust listed on the NASDAQ.
https://coinreport.net/winklevoss-bitcoin-trust-etf-applies-listing-nasdaq/

Scoop up those cheap coins quick!!!

Topic: The Winklevoss Bitcoin Trust exchange-traded fund (ETF) will go public following (Read 1439 times)