5. Unfortunately, it doesn't really matter, since the SEC usually takes years to approve anything. So by the time the SEC approves it, we'll probably already be at the top of the sigmoid adoption curve and there will be no money to be made in it anyway.
How long does it usually take the SEC to approve a new ETF? If it's only 1-2 years, I doubt we'll be at the top of the curve by then. If it's 3-4 years, then that might just delay widespread adoption of bitcoin as an investment vehicle, which would delay the price curve as well. I think the ETF is crucial to get these really high prices we're all hoping for ($10k per coin and up).
I'm surprised bitchickhusband said this. The SEC doesn't take years to approve ETFs. In fact the application in this situation is moving along at a normal pace. The twins predicted conservatively 6-12 months around two months ago.
Thanks for the info. Hopefully it can be up and running before the end of next year.
"It often takes more than a year from the date of an initial exemptive relief filing for a company’s first ETF to hit the market." - http://www.indexuniverse.com/sections/features/16598-sec-may-streamline-etf-approval-process.html
So "years" may be a bit overstated, but it's very commonly more than a year.
So it sounds like late 2014 or early 2015 would be the likely timeframe for approval. Not bad, if it doesn't drag out any longer than that.
