Winklevosses’ Lawyer in Talks With SEC Over Bitcoin ETF

[CryptoCurrencyInc.com]

Winklevosses’ Lawyer in Talks With SEC Over Bitcoin ETF

The lawyer who drafted Cameron and Tyler Winklevoss’s plan for an exchange-traded fund investing in the virtual currency Bitcoin said she is “in dialogue” with regulators over revising the plan.

An amended version of the proposal for the Winklevoss Bitcoin Trust, first filed with the U.S. Securities and Exchange Commission on July 1, will probably be submitted within two weeks, Kathleen H. Moriarty, a partner at Chicago-based law firm Katten Muchin Rosenman LLP, said in a Jan. 28 interview in Hollywood, Florida.

The Winklevoss twins, who claimed Mark Zuckerberg stole their idea for a social-networking website to start Facebook Inc. (FB), are seeking to open the first ETF tracking a virtual asset. More than 1,500 ETFs in the U.S. manage about $1.7 trillion, investing chiefly in stocks, bonds and commodities.

http://www.bloomberg.com/news/2014-01-30/winklevosses-lawyer-in-talks-with-sec-over-bitcoin-etf.html

[skivrmt]

Winklevosses’ Lawyer in Talks With SEC Over Bitcoin ETF

The lawyer who drafted Cameron and Tyler Winklevoss’s plan for an exchange-traded fund investing in the virtual currency Bitcoin said she is “in dialogue” with regulators over revising the plan.

An amended version of the proposal for the Winklevoss Bitcoin Trust, first filed with the U.S. Securities and Exchange Commission on July 1, will probably be submitted within two weeks, Kathleen H. Moriarty, a partner at Chicago-based law firm Katten Muchin Rosenman LLP, said in a Jan. 28 interview in Hollywood, Florida.

The Winklevoss twins, who claimed Mark Zuckerberg stole their idea for a social-networking website to start Facebook Inc. (FB), are seeking to open the first ETF tracking a virtual asset. More than 1,500 ETFs in the U.S. manage about $1.7 trillion, investing chiefly in stocks, bonds and commodities.

http://www.bloomberg.com/news/2014-01-30/winklevosses-lawyer-in-talks-with-sec-over-bitcoin-etf.html

Many times this indicates trouble.  Many filings go through revisions of course but they, the SEC, basically restart the clock on approval.  If this ETF gets approved before year end I would be very surprised.

[Frisky]

I think the same like this guy.