Topic: Winklevoss Bitcoin Trust (COIN ETF) to Launch in 2014 - page 3. (Read 5235 times)
come on, boys, I wait for you buying your ETF much
For every 5 shares of the COIN ETF the winklevoss brothers will hold 1 bitcoin. If there is demand over the amount of coins they already have, the will then buy 1 bitcoin from the market for every new 5 share purchases so if it takes off it can create some serious demand for bitcoins.
Thanks for the simple explanation, it's the first time I can understand a thing about ETF
For every 5 shares of the COIN ETF the winklevoss brothers will hold 1 bitcoin. If there is demand over the amount of coins they already have, the will then buy 1 bitcoin from the market for every new 5 share purchases so if it takes off it can create some serious demand for bitcoins.
The ETF has received this status a few months ago. This just means it is just reserving the ticker "coin", it doesn't mean it will be trading on NASDAQ any time soon. There are reserved tickers on NASDAQ but never traded for years.
The ETF has received this status a few months ago. This just means it is just reserving the ticker "coin", it doesn't mean it will be trading on NASDAQ any time soon. There are reserved tickers on NASDAQ but never traded for years.
How will ETF affect the price, why is it so important?
It provides an on-ramp to Trillions of Dollars. It gives bitcoin additional legitimacy. It allows institutions that are bound by rules to enter the market.
How will ETF affect the price, why is it so important?
How long has it said "The Trust is a common law trust, formed on [ ], 2014 under New York law
pursuant to the Trust Agreement..." for? Was it recently updated to state this?
pursuant to the Trust Agreement..." for? Was it recently updated to state this?
now, 2014 is coming to the end for a few months
Excellent news! After the launch, "traditional" investors can for example hedge their portfolios easily.
I can't wait for this to become a reality. It'll be nice to have an ETF like way to speculate on the BTC price.
Yes, I agree, can't wait to see this ETF in action.
However; I can't find any confirmation about the year 2014 as the launch year for the ETF.
I can't wait for this to become a reality. It'll be nice to have an ETF like way to speculate on the BTC price.
http://www.nasdaq.com/markets/ipos/company/winklevoss-bitcoin-trust-909930-72927
"The Trust is a common law trust, formed on [ ], 2014 under New York law"
I sure do hope that you are right about this. I think however that it is likely the 2014 is just a placeholder with them assuming that the SEC will approve their application and allow the IPO by the end of the year. "The Trust is a common law trust, formed on [ ], 2014 under New York law"
[ ] is a placeholder. If they didn't know the year they'd have included it in the [ ].
http://www.nasdaq.com/markets/ipos/company/winklevoss-bitcoin-trust-909930-72927
"The Trust is a common law trust, formed on [ ], 2014 under New York law"
I sure do hope that you are right about this. I think however that it is likely the 2014 is just a placeholder with them assuming that the SEC will approve their application and allow the IPO by the end of the year. "The Trust is a common law trust, formed on [ ], 2014 under New York law"
http://www.nasdaq.com/markets/ipos/company/winklevoss-bitcoin-trust-909930-72927
"The Trust is a common law trust, formed on [ ], 2014 under New York law..."
"The Trust is a common law trust, formed on [ ], 2014 under New York law..."
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