Bitcoin Forum

Economy => Speculation => Topic started by: inBitweTrust on March 01, 2015, 10:01:50 PM



Title: Bitcoin Investment Trust Gets Finra’s OK to Become Public Bitcoin Fund
Post by: inBitweTrust on March 01, 2015, 10:01:50 PM
http://www.wsj.com/articles/bitcoin-investment-trust-gets-finras-ok-to-become-public-bitcoin-fund-1425242094
https://twitter.com/barrysilbert/status/572138744100339713
https://archive.today/G5R1Z#selection-1068.0-1209.70

Barry Silbert getting the go ahead for his bitcoin ETF....very bullish markets.


Title: Re: Bitcoin Investment Trust Gets Finra’s OK to Become Public Bitcoin Fund
Post by: spiderbrain on March 01, 2015, 11:10:37 PM
Happy days!


Title: Re: Bitcoin Investment Trust Gets Finra’s OK to Become Public Bitcoin Fund
Post by: knight22 on March 01, 2015, 11:13:28 PM
http://thumb7.shutterstock.com/display_pic_with_logo/1060016/179288759/stock-vector-angry-bull-attacking-pose-black-and-white-image-179288759.jpg


Title: Re: Bitcoin Investment Trust Gets Finra’s OK to Become Public Bitcoin Fund
Post by: randy8777 on March 01, 2015, 11:24:43 PM
that's great news. let the bulls have a good time.


Title: Re: Bitcoin Investment Trust Gets Finra’s OK to Become Public Bitcoin Fund
Post by: elux on March 01, 2015, 11:42:01 PM
Now listed on otcmarkets.com:

- http://www.otcmarkets.com/stock/BTCV/profile
- http://www.otcmarkets.com/stock/BTCV/quote


Title: Re: Bitcoin Investment Trust Gets Finra’s OK to Become Public Bitcoin Fund
Post by: AtheistAKASaneBrain on March 02, 2015, 12:12:24 AM
So Barry won the race with the Winklevoss twin to be the first ever bitcoin ETF??


Title: Re: Bitcoin Investment Trust Gets Finra’s OK to Become Public Bitcoin Fund
Post by: BlindMayorBitcorn on March 02, 2015, 12:12:57 AM
So Barry won the race with the Winklevoss twin to be the first ever bitcoin ETF??

No.


Title: Re: Bitcoin Investment Trust Gets Finra’s OK to Become Public Bitcoin Fund
Post by: bclcjunkie on March 02, 2015, 03:52:19 AM
too soon to pop corks but who cares as long as i can make money off of this. also bitcoin is losing its identity as a currency and now turning more into more of a virtual commodity yet to be proven... you really think pension funds or hedge funds will invest into something that can go poof anyday?  :D

http://insidebitcoins.com/news/the-surprising-and-blatantly-obvious-risk-of-the-winklevoss-bitcoin-etf/28489


Title: Re: Bitcoin Investment Trust Gets Finra’s OK to Become Public Bitcoin Fund
Post by: BitcoinIsLiberty on March 02, 2015, 06:24:50 AM
Now listed on otcmarkets.com:

- http://www.otcmarkets.com/stock/BTCV/profile
- http://www.otcmarkets.com/stock/BTCV/quote


GBTC now it appears.


Title: Re: Bitcoin Investment Trust Gets Finra’s OK to Become Public Bitcoin Fund
Post by: Cconvert2G36 on March 02, 2015, 06:33:16 AM
So Barry won the race with the Winklevoss twin to be the first ever bitcoin ETF??

No.

As far as buying shares in a fund that tracks the spot price of btc, that trades on an exchange (the pink sheets), and putting them in my scottrade account. It appears... Yes.


Title: Re: Bitcoin Investment Trust Gets Finra’s OK to Become Public Bitcoin Fund
Post by: brg444 on March 02, 2015, 06:55:04 AM
Quote
In a statement, the Digital Currency Group said, “Although we have been assigned a ticker symbol, no assurances can be given as to when or if such trading will commence, or that an active public secondary market for BIT shares will develop or be maintained.”

Curious to see how this will unfold.

This seems to suggest we are not quite there yet


Title: Re: Bitcoin Investment Trust Gets Finra’s OK to Become Public Bitcoin Fund
Post by: NUFCrichard on March 02, 2015, 06:56:19 PM
Quote
In a statement, the Digital Currency Group said, “Although we have been assigned a ticker symbol, no assurances can be given as to when or if such trading will commence, or that an active public secondary market for BIT shares will develop or be maintained.”

Curious to see how this will unfold.

This seems to suggest we are not quite there yet

At last, now let's see how many people actually get involved in the etf and if it affects the price!
$500 would be lovely though!


Title: Re: Bitcoin Investment Trust Gets Finra’s OK to Become Public Bitcoin Fund
Post by: ArticMine on March 02, 2015, 10:14:37 PM
too soon to pop corks but who cares as long as i can make money off of this. also bitcoin is losing its identity as a currency and now turning more into more of a virtual commodity yet to be proven... you really think pension funds or hedge funds will invest into something that can go poof anyday?  :D

http://insidebitcoins.com/news/the-surprising-and-blatantly-obvious-risk-of-the-winklevoss-bitcoin-etf/28489
There are very few insurance underwriters in the world with the resources to take on this kind of risk. Lloyd’s of London comes to mind so does General Re owned by non other than Warren Buffet's Berkshire Hathaway. Warren Buffet's opinion on Bitcoin is well known, but would he be prepared to accept a massive short position on Bitcoin as an insurance underwriting risk? Furthermore what kind of premium would he want?