Winkelvoss ETF was never approved during 2014, 2015 otherwise it woud alrdy be here..you're overeacting a little bit.
You need to pay for lawyers, regulaters, filling paperwork to SEC etc, that cost a ton of money and time. Bitcoin is a brand new asset class with a lot of potential, it is not easy to make a framework.
All party's needs to be happy, if the first farmework does not fit the requirements than a new one will be planned and that will take a new chunk of money and time. There are more ETF's going on than the Winkelvoss but the 2 brother are going for BATS exchange. Imo that fits Bitcoin better than NASDAQ.
Have patience friend, Bitcoin ETF's will come.
I didn't say it was approved.... we have been hearing about it waiting to be approved since 2014. So what exactly is new about this:
Bitcoin ETF approval within 5 months.
A new exchange traded fund designed to track the price of Bitcoin may be on its way to market. New paperwork has been filed with the SEC for the new ETF, titled Solid Bitcoin Trust, according to reports from ETF.com.
SolidX Partners Inc. says the Bitcoin within the ETF will be insured in case of theft, destruction or computer fraud, with the Bank of New York Mellon acting as custodian.
The new fund requires a rule change filing with SEC by the carrying exchange, due to Bitcoin’s status as a new asset type. The fund will kick off with an initial offering value at around $1 million.
Approval is pending based on the approval of the rule change filing; a precedent has since been set by the Winklevoss Bitcoin ETF, which the infamous brothers filed for on June 30. It’s anticipated that fund will receive approval by the end of 2016, with the SolidX ETF receiving approval by early 2017.
http://www.wealthprofessional.ca/news/etfs/new-bitcoin-etf-on-its-way-to-market-211198.aspxSounds meaningless to me because we have been hearing this since 2014.
Here is an article from May 2014:
http://moneymorning.com/2014/05/12/winklevoss-bitcoin-etf-to-list-on-nasdaq-gets-closer-to-reality/The Winklevoss Bitcoin ETF is still awaiting regulatory approval from the U.S. Securities and Exchange Commission
Still waiting..... and 2 years later we have another article that claims it's "still waiting" ...sorry if I'm not excited until we see a confirmation. Anticipation isn't confirmation