Do we know when the first ETF will launch? I think that could be the thing to propel us to alltime highs.
Is this a serious question?
Yes. I think there is no date yet (but maybe some broader estimate?), but it may have eluded me, so I ask just in case.
Ok. I thought you would have been up on this but here is the best answer at the moment. The NY regulations are supposed to come out any time now - so 1 day to 2/3 months most likely. This will provide a framework, although perhaps not directly for the ETF, for NY exchanges re: bitcoin. This effects Barry Silbert, as he is starting a new fund that will be ETF-like, and will be able to accept non-accredited investors as well as institutional ones. Silbert is waiting for this NY guidance.
Meanwhile the SEC has to approve the Winklebrothers ETF. This is anywhere from 1 day to 12 months away, based on the scant updates/interviews/comments that the brothers/their legal team have made.
Personally I think the SEC is probably waiting on NY as well, not as a rule, but as a cautionary measure.
My prediction is we would see the ETF before the end of 2014, maybe as early as early 4th quarter, especially once similar entities are up and running (ie Silbert's venture).
