[2017-03-09]Investors chained to bitcoin bets as US ETF decision looms – Reuters

[Kemarit]

Investors are betting market regulators will approve what would be the first U.S. exchange-traded fund to track the price of bitcoin.

From investment funds to wealthy individuals and even a Las Vegas strip club, the bitcoin ETF is generating a lot of buzz for a financial product. The surge in interest in the digital currency is driving upbeat outlooks from several gauges of investor sentiment on the proposed fund. Investors Cameron and Tyler Winklevoss have an application with the U.S. Securities and Exchange Commission for the digital currency ETF, which was filed nearly four years ago. The twins are expected to receive by March 13 the final decision on whether they can list their ETF on the Bats Exchange. "We have spoken to a number of our investors, particularly from the U.S., who have indicated to us that they have been buying bitcoin," said Daniel Masters, portfolio manager of Global Advisors Bitcoin Investment Fund Plc.


Full Read Here:http://in.reuters.com/article/bitcoin-etf-winklevoss-idINKBN16G011

[Papa Bear]

If the SEC approves the listing, it would lend legitimacy to an asset that has been the province of enthusiasts and lay speculators. It could pave the way for other ETF listings and unleash the flow of institutional money.

[Slow death]

Investors are betting market regulators will approve what would be the first U.S. exchange-traded fund to track the price of bitcoin.

I think these investors are being over optimistic, the chances of being approved are very small, as probably today we will know if they approved or not.

I doubt that it will be approved, i don't want to be pessimistic, but the articles I read all analysts gave very few chances to be approved. Anything can happen, we'll wait until the end of the day.

[1Referee]

I find it funny that even professional media platforms point to the betting aspect, while in reality it doesn't indicate anything since it can be manipulated, plus it's not even 0.0001% decisive. It's great public exposure for BitMex as their name is basically included in every related article on news sites. Good thing is that we are only a few days away from ending all speculations regarding this ETF.