Winklevoss bitcoin etf coming soon...maybe by oct 12

jondeen707

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Quote from: Biodom on November 12, 2016, 08:34:47 PM

New letter from ARK to SEC re COIN ETF.
https://www.sec.gov/comments/sr-batsbzx-2016-30/batsbzx201630-23.pdf

Cautious, but take home message is that if such ETF is approved, demand might be overwhelming and btc will spike.
Well, OK, then Grin

GOLD went from $400ish to $1800 on GLD approval.
I expect at least 8-10X spike (to $5000-6000) if COIN is approved (within 3-5 years)

Well, a very solid and well-documented opinion. Cautious but honest, yet positive about Bitcoin's future.
Main point being Bitcoin is yet too small for an open-ended ETF as it may inflate the price quite quickly, but the bubble will most probably pop soon after that. Gave me plenty of food for thought.

maku

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Quote from: Biodom on November 12, 2016, 08:34:47 PM

New letter from ARK to SEC re COIN ETF.
https://www.sec.gov/comments/sr-batsbzx-2016-30/batsbzx201630-23.pdf

Cautious, but take home message is that if such ETF is approved, demand might be overwhelming and btc will spike.
Well, OK, then Grin

GOLD went from $400ish to $1800 on GLD approval.
I expect at least 8-10X spike (to $5000-6000) if COIN is approved (within 3-5 years)

Still they keyword here is 'if'. But seeing that Winlevoss were so determined to open exchange under BitLicense - which is considered the worst cryptocurrency legislation attempt so far.
Then maybe they will be fighting and willing to compromise with that ETF too. Even with heavy regulation this might be better fin project than everything we witnessed so far.

Hunyadi

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Waiting patiently Cool

Biodom

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New letter from ARK to SEC re COIN ETF.
https://www.sec.gov/comments/sr-batsbzx-2016-30/batsbzx201630-23.pdf

Cautious, but take home message is that if such ETF is approved, demand might be overwhelming and btc will spike.
Well, OK, then Grin

GOLD went from $400ish to $1800 on GLD approval.
I expect at least 8-10X spike (to $5000-6000) if COIN is approved (within 3-5 years)

European Central Bank

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Quote from: outatime1 on October 18, 2016, 06:03:47 PM

Do we know why they are not approving the ETF?

because it's a totally new type of asset class. it's not putting a regular commodity in a wrapper. there's a lot of potential risk.

outatime1

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Do we know why they are not approving the ETF? It seems like a logical move to trade it like stocks if that is what the customers demand. I would think that they would let the market decide if it fails or succeeds.

richardsNY

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Quote from: pooya87 on October 17, 2016, 12:38:29 AM

it is always good to hear positive speculation about bitcoin, it feels good.

but at the same time, i always treat positive speculation just like negative speculation. they are only two sides of the same thing hype and FUD! i like to use my own experience and speculate it myself instead of getting caught in any of these.

and this particular thing was supposed to happen so many other times before and yet nothing like that has happened

It's not easy to get an ETF approved. And especially not when it comes to a Bitcoin related ETF that might draw attention from institutional investors around the globe. But then again, I don't focus on these things since all news about things that need to get approved either get delayed insanely, or simply don't be what people were expecting it to be when launched. People should just focus on something more worthy of their time.

veleten

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Quote from: zimmah on October 16, 2016, 02:54:41 AM

as expected they stalled a bit longer, but they did not reject it either, so that's good news.

now lets see what happens this time. Grin

it is good for the price,tension is almost palpable Grin

it has been palpable for quite some time,though -18 months minimum if I'm not mistaken (talking about Winklevoss etf here)
hope it affects the market more than their last project had
but the roadmap between exchange rules change and ETF is not set,it could take months or years,we don't know

pooya87

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it is always good to hear positive speculation about bitcoin, it feels good.

but at the same time, i always treat positive speculation just like negative speculation. they are only two sides of the same thing hype and FUD! i like to use my own experience and speculate it myself instead of getting caught in any of these.

and this particular thing was supposed to happen so many other times before and yet nothing like that has happened

quake313

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The puppet-masters of this world aka the elite are not ready to allow big money into Bitcoin. Maybe never...

zimmah

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as expected they stalled a bit longer, but they did not reject it either, so that's good news.

now lets see what happens this time. Grin

European Central Bank

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Quote from: Biodom on October 14, 2016, 05:53:07 PM

I consider ETF to be unlikely to receive approval because it is NOT clear how to define bitcoin as an underlying asset.

yeah. this is very possible. the whole ethereum shitshow really showed the world a thing or two and none of it was positive. gold is gold, oil is oil, a stock remains a stock. I don't know if you can guarantee the same for a crypto.

neither the sec nor the winklevii can stop a fork happening or a technical disaster. that is one giant question mark that I don't think anyone can answer.

Biodom

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I consider ETF to be unlikely to receive approval because it is NOT clear how to define bitcoin as an underlying asset.

I give you the largest altcoin example: if it had etf, is it now a sum of two chains or only one of the chains? maybe , depending of when you bought (pre or post split)? how then the value is transmitted to you? like a warrant, like additional shares, etc?
I presume that if you buy ETF at the day there is only one chain, you should be entitled to a sum of all chains it might (or not) be eventually split into. I don't have the time to look over the proposal to find out if they addressed this.

Kakmakr

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The Auctions are doing fine, https://www.reddit.com/r/Bitcoin/comments/576on5/gemini_auction_day_22_1718_btc_63799/ I think we are asking too much, too early on. Yes, the other things they have promised is taking too long, but they are doing something in the meantime.

Let's hope for the best on the rest for this year. ^smile^

Biodom

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Bitcoin ETF (COIN) is postponed again. Whatever.
I don't think it will ever gets to approval.
Maybe, it is not such a bad thing considering persistent lack of security on exchanges as witnessed by Bitfinex hack.

biggus dickus

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Quote from: Snorek on September 11, 2016, 07:13:36 AM

Current situation seems awfully similar to hype before previous project of Winklevoss - Gemini was announced.
People were saying back then - after Geminin will go live it will dominate market and price of BTC will skyrocket for sure.
And we all know what happened. Gemini is online and I personally don't know anyone who used it. Also it had zero impact on bitcoin price.

Gemini's volume was pathetic to begin with, but it's now at 6th place, above bitstamp and bitfinex. I had written it off as a failure, but it's taking off now. I had also written the ETF off as a failure, but might be wrong about that too. It could take a long time, but turn out to be successful.

wikenpp

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Quote from: Biodom on September 15, 2016, 08:52:18 PM

They will NEVER approve any bitcoin ETF, unless something changes down the line.

I am not sure it will never be approved but at this moment it is not very likely it will get approved. Perhaps a year or so, because bitcoin in the financial makes is growing and growing .Many forex trading companies already offer bitcoin trading, which means in the financial markets bitcoin is a name to be reckoned with. And if big money is trading to pull such a trick, many investors will jump in, the same with any stat up.

gentlemand

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http://www.bloomberg.com/news/articles/2016-09-21/bitcoin-to-get-first-ever-daily-auctions-on-winklevoss-s-gemini

This is a very definitely an SEC-pleasing move. This is the same method that the GLD ETF uses to set their daily price.

Biodom

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They will NEVER approve any bitcoin ETF, unless something changes down the line.

European Central Bank

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which part aren't people realising?

this doesn't have anything to do with approving an etf.

the only thing they're approving is the exchange rule change. if they approve that then only then they'll start to think about the etf. that might be years away.

Topic: Winklevoss bitcoin etf coming soon...maybe by oct 12 (Read 3997 times)