Winklevoss ETF vs. Exante - What are the differences?

[Spekulatius]

https://exante.eu/press/news/266/
http://www.sec.gov/Archives/edgar/data/1579346/000119312513279830/d562329ds1.htm


Could their much bemocked investment vehicle actually work? After all we already have a supposedly successful fund out there that so far holds some 90k BTCs (citation needed).
So what are the differences between those two?

[vokain]

I imagine easier access since the Winklevoss one is filed with the SEC

[RationalSpeculator]

The Winklevoss one is an Exchange Traded Fund, the Exante one is a hedge fund, very different!

ETF is for mainstream, hedge fund is for the rich only as ETF has no minimum investment and hedge fund large minimums, in this case $100,000.

ETF can be bought via your familiar online broker or trusted local bank, and they make transactions fees on it so they help you out, hedge fund you need to go directly to them and transfer money via international bank wire to them.

A hedge fund is not or barely regulated whereas ETF's have tons of regulation to follow.

Setting up a hedge fund - can - be done cheaply, but setting up an ETF will cost you a fortune (a few hunderd k at least).


If you want to sell to the sheep, you must pay the rulers ...