Topic: Winklevoss Bitcoin ETF Still Moving Through Regulatory Process (Read 2039 times)
if it goes faster than a typical ETf regulatory process, we'll know that whoever is in charge of approving it was buttered up.
November 09, 2014, 09:26:24 PM
Watching people, who have no clue about bitcoin, and try to debate it, is so frustrating.
For financial people to be so ignorant is embarrassing.
For financial people to be so ignorant is embarrassing.
Please help us out then. What are your thoughts?
I expect financial people to weigh bitcoin against other similar investment/value vehicles.
But, mostly they fumble around and talk about bitcoin with no clue.
I just don't think the financial world will be prepared for new methods, like bitcoin, until it slaps them in the face.
My thoughts? The current systems are antiquated and wrought with fraud because of a total inability.
Still playing around with fucking analog in a fucking digital world.
November 08, 2014, 06:54:16 PM
Dumb question but what effect would this have on the price?
Presumably positive but just how positive?
Once the ETF starts trading it will likely be a huge positive for the price as it will allow for many more people to invest in bitcoin in a safer way then owning them outright (as you need to be somewhat tech savvy to be able to protect your bitcoin from theft)Presumably positive but just how positive?
Bitcoin is also understood to be extremely risky so I think that few advisers would tell their clients to invest in bitcoin unless they have a very high tolerance for risk
November 07, 2014, 04:24:59 AM
We are 15 months into the SEC looking at it. It has taken a long time, wondering if there is more to this than meets the eye.
November 07, 2014, 02:59:37 AM
When can we expect this to be approved, roughly?
November 06, 2014, 10:50:39 PM
Looking forward to the launch actually
I have tons of relatives in the US and have talked some of them into looking at this when it launches. game on.
I have tons of relatives in the US and have talked some of them into looking at this when it launches. game on.
November 06, 2014, 10:32:59 PM
Thanks for the update.
Good luck, g
Good luck, g
November 06, 2014, 10:30:40 PM
I don't care for the Winklevii but the launch of their ETF could help stabilise prices for a while
Go ETF go
Go ETF go
November 06, 2014, 10:20:53 PM
Dumb question but what effect would this have on the price?
Presumably positive but just how positive?
Once the ETF starts trading it will likely be a huge positive for the price as it will allow for many more people to invest in bitcoin in a safer way then owning them outright (as you need to be somewhat tech savvy to be able to protect your bitcoin from theft)Presumably positive but just how positive?
November 06, 2014, 09:47:29 PM
Watching people, who have no clue about bitcoin, and try to debate it, is so frustrating.
For financial people to be so ignorant is embarrassing.
For financial people to be so ignorant is embarrassing.
Please help us out then. What are your thoughts?
November 06, 2014, 07:18:30 PM
Dumb question but what effect would this have on the price?
Presumably positive but just how positive?
Once the ETF starts trading it will likely be a huge positive for the price as it will allow for many more people to invest in bitcoin in a safer way then owning them outright (as you need to be somewhat tech savvy to be able to protect your bitcoin from theft) Presumably positive but just how positive?
November 06, 2014, 05:29:51 PM
Dumb question but what effect would this have on the price?
Presumably positive but just how positive?
Presumably positive but just how positive?
It would be a direct connection to Wall Street financial sector.
It would be like SLV and GLD ETF for Bitcoin.
November 06, 2014, 04:41:26 PM
Watching people, who have no clue about bitcoin, and try to debate it, is so frustrating.
For financial people to be so ignorant is embarrassing.
For financial people to be so ignorant is embarrassing.
November 06, 2014, 04:34:33 PM
Dumb question but what effect would this have on the price?
Presumably positive but just how positive?
Presumably positive but just how positive?
November 06, 2014, 03:03:21 PM
Remember the Winklevoss Bitcoin Trust? Arguably the most talked about exchange traded fund that has yet to come to market, twin brothers Cameron and Tyler Winkelvoss filed plans for the Winkelvoss Bitcoin Trust in mid-2013, but the ETF has yet to debut.
Bitcoin enthusiasts looking to display their affinity for the digital currency via the ETF wrapper do not need to fret because the brothers assured investors that the ETF is “alive and well.” The comments were made in an interview with Bloomberg TV’s Erik Schatzker from the Money 2020 conference in Las Vegas.
“We’re still going through the regulatory process. Any ETF is a long process to get approved and, in this particular case, we’re dealing with a very innovative product, which is a digital asset which has not been done before,” Tyler Winklevoss told Schatzker.
Importantly, they noted that there has been nothing to lead them to believe that the regulatory process for the Winklevoss Bitcoin Trust is going any faster or slower than with a more traditional ETF.
The brothers did note that the Winklevoss Bitcoin Trust is being geared along the same lines as physically-backed commodities ETFs such as the SPDR Gold Shares (NYSEArca: GLD) and the iShares Silver Trust (NYSEArca: SLV). Those ETFs give investors exposure to an asset class, in those case gold and silver, without the ability to redeem shares of the trust for direct access to that asset. [Commodity, Currency Debate Swirls Around Bitcoin ETF]
The brothers also told Schatzker that they remain long bitcoin and continue to control about 1% of the market. Bitcoin is a decentralized digital currency based on a peer-to-peer network and can be exchanged through computers internationally without a financial intermediary.
In May, a regulatory filing revealed the Winkelvoss Bitcoin Trust will trade on the Nasdaq. In July, an Form S-1 filing with the Securities and Exchange Commission reveled the ETF, assuming it comes to life, will trade under the ticker “COIN.”
Bitcoin enthusiasts looking to display their affinity for the digital currency via the ETF wrapper do not need to fret because the brothers assured investors that the ETF is “alive and well.” The comments were made in an interview with Bloomberg TV’s Erik Schatzker from the Money 2020 conference in Las Vegas.
“We’re still going through the regulatory process. Any ETF is a long process to get approved and, in this particular case, we’re dealing with a very innovative product, which is a digital asset which has not been done before,” Tyler Winklevoss told Schatzker.
Importantly, they noted that there has been nothing to lead them to believe that the regulatory process for the Winklevoss Bitcoin Trust is going any faster or slower than with a more traditional ETF.
The brothers did note that the Winklevoss Bitcoin Trust is being geared along the same lines as physically-backed commodities ETFs such as the SPDR Gold Shares (NYSEArca: GLD) and the iShares Silver Trust (NYSEArca: SLV). Those ETFs give investors exposure to an asset class, in those case gold and silver, without the ability to redeem shares of the trust for direct access to that asset. [Commodity, Currency Debate Swirls Around Bitcoin ETF]
The brothers also told Schatzker that they remain long bitcoin and continue to control about 1% of the market. Bitcoin is a decentralized digital currency based on a peer-to-peer network and can be exchanged through computers internationally without a financial intermediary.
In May, a regulatory filing revealed the Winkelvoss Bitcoin Trust will trade on the Nasdaq. In July, an Form S-1 filing with the Securities and Exchange Commission reveled the ETF, assuming it comes to life, will trade under the ticker “COIN.”
Do you have a source for this info?
TIA
November 06, 2014, 02:59:53 PM
Bullish! OP's posting seems to have coincided w/ the recent green candles. 
November 06, 2014, 01:55:13 PM
Interesting update, thanks!
November 06, 2014, 01:18:49 PM
Remember the Winklevoss Bitcoin Trust? Arguably the most talked about exchange traded fund that has yet to come to market, twin brothers Cameron and Tyler Winkelvoss filed plans for the Winkelvoss Bitcoin Trust in mid-2013, but the ETF has yet to debut.
Bitcoin enthusiasts looking to display their affinity for the digital currency via the ETF wrapper do not need to fret because the brothers assured investors that the ETF is “alive and well.” The comments were made in an interview with Bloomberg TV’s Erik Schatzker from the Money 2020 conference in Las Vegas.
“We’re still going through the regulatory process. Any ETF is a long process to get approved and, in this particular case, we’re dealing with a very innovative product, which is a digital asset which has not been done before,” Tyler Winklevoss told Schatzker.
Importantly, they noted that there has been nothing to lead them to believe that the regulatory process for the Winklevoss Bitcoin Trust is going any faster or slower than with a more traditional ETF.
The brothers did note that the Winklevoss Bitcoin Trust is being geared along the same lines as physically-backed commodities ETFs such as the SPDR Gold Shares (NYSEArca: GLD) and the iShares Silver Trust (NYSEArca: SLV). Those ETFs give investors exposure to an asset class, in those case gold and silver, without the ability to redeem shares of the trust for direct access to that asset. [Commodity, Currency Debate Swirls Around Bitcoin ETF]
The brothers also told Schatzker that they remain long bitcoin and continue to control about 1% of the market. Bitcoin is a decentralized digital currency based on a peer-to-peer network and can be exchanged through computers internationally without a financial intermediary.
In May, a regulatory filing revealed the Winkelvoss Bitcoin Trust will trade on the Nasdaq. In July, an Form S-1 filing with the Securities and Exchange Commission reveled the ETF, assuming it comes to life, will trade under the ticker “COIN.”
Bitcoin enthusiasts looking to display their affinity for the digital currency via the ETF wrapper do not need to fret because the brothers assured investors that the ETF is “alive and well.” The comments were made in an interview with Bloomberg TV’s Erik Schatzker from the Money 2020 conference in Las Vegas.
“We’re still going through the regulatory process. Any ETF is a long process to get approved and, in this particular case, we’re dealing with a very innovative product, which is a digital asset which has not been done before,” Tyler Winklevoss told Schatzker.
Importantly, they noted that there has been nothing to lead them to believe that the regulatory process for the Winklevoss Bitcoin Trust is going any faster or slower than with a more traditional ETF.
The brothers did note that the Winklevoss Bitcoin Trust is being geared along the same lines as physically-backed commodities ETFs such as the SPDR Gold Shares (NYSEArca: GLD) and the iShares Silver Trust (NYSEArca: SLV). Those ETFs give investors exposure to an asset class, in those case gold and silver, without the ability to redeem shares of the trust for direct access to that asset. [Commodity, Currency Debate Swirls Around Bitcoin ETF]
The brothers also told Schatzker that they remain long bitcoin and continue to control about 1% of the market. Bitcoin is a decentralized digital currency based on a peer-to-peer network and can be exchanged through computers internationally without a financial intermediary.
In May, a regulatory filing revealed the Winkelvoss Bitcoin Trust will trade on the Nasdaq. In July, an Form S-1 filing with the Securities and Exchange Commission reveled the ETF, assuming it comes to life, will trade under the ticker “COIN.”
Jump to: