[2014-07-02] Winklevoss Bitcoin ETF to Trade on NASDAQ Under 'COIN' Symbol

[Grinder]

You NEVER own the stuff traded on the commodities exchanges and ETFs etc.

And in the case of gold, you can't be sure that the ETF owns what it thinks it owns. If it's stored in Fort Knox nobody is allowed to test or even see it, and there are somewhat good reasons to believe that some of they gold bars they store is not pure, but instead filled with other metals to give it the same weight.

[Lethn]

https://www.youtube.com/watch?v=TL8SbSpucDY

Here's some really good information on how to buy silver etc. and spot all the dodgy futures contracts, the basics are, buy from a well known mint and make sure it's physical.

[LiteCoinGuy]

I should point out to some people who are getting excited about this but, ETF's should purely be used for speculation and not actual investment, if you want to properly invest in Gold or Bitcoins make sure to just buy the actual thing yourself and either store the Bitcoins on an offline wallet or the precious metals at home.

You NEVER own the stuff traded on the commodities exchanges and ETFs etc.

i agree with you but the mainstream investor AND the big money dont want to hold their BTC. an etf is the right thing for them.
(me and you can hold their BTC )

[wachtwoord]

I should point out to some people who are getting excited about this but, ETF's should purely be used for speculation and not actual investment, if you want to properly invest in Gold or Bitcoins make sure to just buy the actual thing yourself and either store the Bitcoins on an offline wallet or the precious metals at home.

You NEVER own the stuff traded on the commodities exchanges and ETFs etc.

i agree with you but the mainstream investor AND the big money dont want to hold their BTC. an etf is the right thing for them.
(me and you can hold their BTC )

Well the good thing is Bitcoin ETFs CAN prove what they own.

[#yolo]

if this could be implemented it would be even better than amazing, if they could get the SEC approval and get it actually added however considering the number of "big companies" that might not want that to happen. This "if actually happened" might cause a good jump in the price.

[ThomasCrowne]

I just earned GLD isn't even ten years old yet (launched November 2004). What the hell did the world use before that?

She sell's sea-shells by the sea-shore :p

I think the world would be a much better place if the USD where replaced by sea-shells.

[theonewhowaskazu]

I should point out to some people who are getting excited about this but, ETF's should purely be used for speculation and not actual investment, if you want to properly invest in Gold or Bitcoins make sure to just buy the actual thing yourself and either store the Bitcoins on an offline wallet or the precious metals at home.

You NEVER own the stuff traded on the commodities exchanges and ETFs etc.

You can redeem in batches of 1000 coins I believe.  My goal is to redeem at least one batch before I die.