Bears Last Push?

[dropt]

Let's face it, the tension is building massively for a huge rally when the ETF goes live.  All the signs are there.

But when will it go live? No one even knows when it will be finally approved! It could take a year or so. I don't think we will see an ETF launching this year, man!

Uhm, well. The first investment funds start tomorrow.

http://www.coindesk.com/first-regulated-bitcoin-investment-fund-launch-island-jersey/

Well, to be fair they're not the first; more like fourth or fifth.  That aside, we don't know how it's structured.  We also don't know if they have any interest, have started buying yet.  They expect to have 200MM within a year  so it could really be a slow starter.

[DjPxH]

Let's face it, the tension is building massively for a huge rally when the ETF goes live.  All the signs are there.

But when will it go live? No one even knows when it will be finally approved! It could take a year or so. I don't think we will see an ETF launching this year, man!

Uhm, well. The first investment funds start tomorrow.

http://www.coindesk.com/first-regulated-bitcoin-investment-fund-launch-island-jersey/

Well, to be fair they're not the first; more like fourth or fifth.  That aside, we don't know how it's structured.  We also don't know if they have any interest, have started buying yet.  They expect to have 200MM within a year  so it could really be a slow starter.

Yeah there already are some. But really, what's the difference between all of them actually? The Winklevii are trying to go for the NASDAQ, which is a pretty good idea, I guess?

[maker88]

The GABI fund is a hedge fund for institutional investors only, i.e. pensions and retirement funds and those kind of big players. its 200 mil expected within 6 months, not a year, but still it could be just another drop in the bucket for immediate price jump events. its undeniable how bullish it is though, that these funds keep popping up. the fact that these people believe in bitcoin enough to invest millions in venture capital to bitcoin related projects is a clear sign we are not just going to crash into oblivion like the troll bears claim. bitcoin is here to stay.