What if Winklevoss' bitcoin ETF would be the same as Barry Silbert's GBTC

[inca]

The COIN etf if approved opens up btc investment to a multi trillion dollar capital pool. It allows non accredited investors to buy in using a tax efficient wrapper.

It will be potentially be the most incredible surge in the history of bitcoin. 

[Xiaoxiao]

The COIN etf if approved opens up btc investment to a multi trillion dollar capital pool. It allows non accredited investors to buy in using a tax efficient wrapper.

It will be potentially be the most incredible surge in the history of bitcoin. 

Final Fantasy 15

[inca]

The COIN etf if approved opens up btc investment to a multi trillion dollar capital pool. It allows non accredited investors to buy in using a tax efficient wrapper.

It will be potentially be the most incredible surge in the history of bitcoin.  

Final Fantasy 15

Not really. The entire 100k coins could be bought for 26 million USD. A laughable amount of funds in a sea of US capital reserves. Any further coins need to be bought from the market.

If you cannot imagine a scenario where a few hundred million dollars of investment capital chase a rising btc price then I will enjoy it for myself.

It is a fantasy until the ETF is approved. But it could rapidly become a reality. And it will be front run by those in the know.

[futureofbitcoin]

What if Winklevoss Twins' bitcoin ETF (NASDAQ) would be the same as GBTC (Barry Silbert's Bitcoin Investment Trust, OTCMKTS):

1: NO trades two weeks after official launch, unlikely for ETF, because Winklevoss Twins can't wait to sell their bags (1 million shares = 100k bitcoins), so there would be sell orders soon as ETF goes live!

2: The ETF will only got less than total 75 bitcoins buy orders like GBTC does (GBTC only has 750 shares bid list = 75 btc demand http://www.otcmarkets.com/stock/GBTC/quote).

If thing comes out like this, does it mean neither wall street nor average joe is waiting to get in and in fact nobody care about bitcoin?

Why don't you ask hypothetical trolling questions with your main account instead of using a throwaway?

No offtopic bullshit talks, please answer the question itself.
Is "wall street or average joe can't wait to get in" a lie?

I won't comment on whether it's "a lie" or not. But to use a hypothetical question to arrive at a possible answer is just moronic. Seriously, you can do  better than that. There are tons of logically sound reasons why the ETF might not succeed. There are tons of logically sound reasons why bitcoin will not succeed.

Instead, you choose such a logically flawed question.

[calaber24p]

It wont end up the same as Gbtc. The real fear is that the law never becomes clearly defined and it is never approved/never launches. Winklevoss already made it very clear they wont go forward without regulatory acceptance. Worst case scenario is we stay in this stalemate we have had for the last year or so.

[ravenjt]

The Winklevoss pair seem to be focusing now on being z-list celebs...
http://pagesix.com/2015/03/23/cameron-winklevoss-shows-off-his-brazilian-model-girlfriend/

Perhaps ETF regulation got boring.

However, other news suggests things are not going so well, as they are having to rent out their plush pad...
http://www.latimes.com/business/realestate/hot-property/la-fi-hotprop-winklevoss-twins-20150323-story.html

Do you people ever worry that your idols are not going to produce the goods?

[ensurance982]

Why would they go and sell their big stashes they managed to buy over time??? If they're going as far as opening an ETF, I bet they really believe in BTC in the long term. They won't really care for that little profit (or loss currently, actually) Bitcoin gives them right now. They will want to wait.

[mrhelpful]

Well if they are already pretty rich off facebooks pay off, why would they sell their ETF`s off?

It doesnt make sense, esp, when they are already mega rich and they dont put down only a small portion of their money into their own exchange and the ETF creation they trying to do both at the same time.

It seems more they want to dominate this space, so they have the ability to do both exits when they choose to do so.

[ensurance982]

Well if they are already pretty rich off facebooks pay off, why would they sell their ETF`s off?

It doesnt make sense, esp, when they are already mega rich and they dont put down only a small portion of their money into their own exchange and the ETF creation they trying to do both at the same time.

It seems more they want to dominate this space, so they have the ability to do both exits when they choose to do so.

Exactly. If they're doing this, they'll make sure to do this right and not cave in at the first signs of trouble or prices not going to the moon immediately. Cutting ones' losses doesn't make any sense in this case...

[backb]

Well if they are already pretty rich off facebooks pay off, why would they sell their ETF`s off?

It doesnt make sense, esp, when they are already mega rich and they dont put down only a small portion of their money into their own exchange and the ETF creation they trying to do both at the same time.

It seems more they want to dominate this space, so they have the ability to do both exits when they choose to do so.

Exactly. If they're doing this, they'll make sure to do this right and not cave in at the first signs of trouble or prices not going to the moon immediately. Cutting ones' losses doesn't make any sense in this case...

The reason the ETF would be created is to dump their shares (bagholding coins), it's just this simple.

Regarding the joke of GBTC's forever excuses:

They said it should start this week?

Yes, like the two previous weeks.

http://cdn.meme.am/images/8373718.jpg

[backb]

I've just received word from one of the shareholders.

 Continental Stock Transfer & Trust, the company responsible for transferring the shares, needs an additional two weeks to verify share ownership and draft the ownership documents.

LMAO!!

Apparently they are concerned that if they launch now, some early investors may exit with a profit, so they are delaying until price is lower