Is there a true 'bank' for bitcoin?

[Mikestang]

Then there's this:

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.

The fund gives investors a way to invest in Bitcoin without going to the trouble of buying Bitcoin and worrying about having a secure place to store it. It marks another step forward in Bitcoin's long march to mass adoption.

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

[M28MmickT]

I think this defeats the whole purpose of Bitcoin....

You would be right to think that, bitcoin to me means being your own bank and learning to keep your own security up to date relying on yourself and not some sly bankers who do not care about you in the slightest only about how much money you can make them. Plus it is pretty cool to be your own boss in charge of your own money, bitcoin the game changer.