[2017-03-13]Bitcoin Needs to Think Outside ETF Box

[Kemarit]

Bitcoin Needs to Think Outside ETF Box

The hopes of Tyler and Cameron Winklevoss to list an exchange-traded fund based on bitcoin were dashed by the Securities and Exchange Commission. That suggests the digital currency's future may not be in the U.S., and probably shouldn't hinge on a fund that invests in nothing else.ONE AVENUE THAT'S STILL OPENPensionsThe U.S. regulator ended an almost four-year debate with the Winklevoss twins Friday, indicating it wasn't comfortable approving an ETF that would be based on a mostly unregulated asset and over which surveillance and enforcement may be difficult. While previous reservations from the SEC seemed surmountable, this one required bitcoin to be something else.

Full Read Here: https://www.bloomberg.com/gadfly/articles/2017-03-13/bitcoin-backers-must-evolve-after-winklevoss-reversal

[Kakmakr]

The SEC wants their masters to have control over the "outcome" of investments and with Bitcoin this is not possible. We have Chinese miners and even governments influencing the price and then we have unknown Bitcoin whales manipulating the price.

They will never allow any technology/trust/commodity that they cannot control and they will use "consumer protection" as an excuse to do this.

[Papa Bear]

Bitcoin enthusiasts need to think outside the box a little more. Rejection of the Parties to the SEC does not mean digital currency has no future with retail investors. Managers need to start thinking of it as a risk management tool along with other assets. They may have a better chance with the approval of UCITS funds that invest in, two or three digital currency and possibly the European and US government bonds.