[2015-03-03] Nasdaq: First Bitcoin ETF Offers Way to Profit frm Virtual Currency

[polynesia]

The First Bitcoin ETF Offers Easy Way to Profit from Virtual Currency (GBTC)

http://www.nasdaq.com/article/the-first-bitcoin-etf-offers-easy-way-to-profit-from-virtual-currency-gbtc-cm450589

The first Bitcoin ETF for "ordinary" investors to buy is almost here...

The Bitcoin Investment Trust got approval last week from the Financial Industry Regulatory Authority (FINRA) to sell its shares on the OTC Markets. It should start trading within the next couple of weeks. It is currently listed on the OTC Markets "pink sheets" under a temporary symbol, BTCV, but will have a permanent ticker of OTCMKTS: GBTC.

[okthen]

The First Bitcoin ETF Offers Easy Way to Profit from Virtual Currency (GBTC)

http://www.nasdaq.com/article/the-first-bitcoin-etf-offers-easy-way-to-profit-from-virtual-currency-gbtc-cm450589

The first Bitcoin ETF for "ordinary" investors to buy is almost here...

The Bitcoin Investment Trust got approval last week from the Financial Industry Regulatory Authority (FINRA) to sell its shares on the OTC Markets. It should start trading within the next couple of weeks. It is currently listed on the OTC Markets "pink sheets" under a temporary symbol, BTCV, but will have a permanent ticker of OTCMKTS: GBTC.

That's huge!
Within the next couple of weeks... it should help ignite the rocket

[medUSA]

Stop! Read the article... This is not an ETF, I don't know what it is, need to read up on it:

Strictly speaking, the Bitcoin Investment Trust is not an exchange-traded fund . It's a hedge fund exploiting a rule that allows owners of the shares to sell them to others after 12 months with FINRA approval.

This is different to the Winklevoss ETF which needs approval from SEC (expect sometime this year - speculation):

But going through the SEC is why Cameron and Tyler Winklevoss lost the race. Their Bitcoin ETF, which will use the ticker Nasdaq: COIN, will be a fully compliant exchange-traded fund.

Further down the article, suggests this is technically a "hedge fund".

[okthen]

Stop! Read the article... This is not an ETF, I don't know what it is, need to read up on it:

Strictly speaking, the Bitcoin Investment Trust is not an exchange-traded fund . It's a hedge fund exploiting a rule that allows owners of the shares to sell them to others after 12 months with FINRA approval.

This is different to the Winklevoss ETF which needs approval from SEC (expect sometime this year - speculation):

But going through the SEC is why Cameron and Tyler Winklevoss lost the race. Their Bitcoin ETF, which will use the ticker Nasdaq: COIN, will be a fully compliant exchange-traded fund.

Further down the article, suggests this is technically a "hedge fund".

Ok, thanks, now it makes sense. Was wondering why was nobody talking about it, totally misread it...

[Pimpmycoin]

Stop! Read the article... This is not an ETF, I don't know what it is, need to read up on it:

Strictly speaking, the Bitcoin Investment Trust is not an exchange-traded fund . It's a hedge fund exploiting a rule that allows owners of the shares to sell them to others after 12 months with FINRA approval.

This is different to the Winklevoss ETF which needs approval from SEC (expect sometime this year - speculation):

But going through the SEC is why Cameron and Tyler Winklevoss lost the race. Their Bitcoin ETF, which will use the ticker Nasdaq: COIN, will be a fully compliant exchange-traded fund.

Further down the article, suggests this is technically a "hedge fund".

+ 1 trust investment is not on nasdaq