[2017-03-09]From First Filing to Final Decision: The Journey of the Winklevoss B

[Kemarit]

From First Filing to Final Decision: The Journey of the Winklevoss Bitcoin ETF – CoinDesk


t’s a looming decision that has sparked global headlines, turned the heads of financial analysts and kept the bitcoin world on the edge of its proverbial seat.

This refers, of course, to the bitcoin exchange-traded fund (ETF) proposed by investors Cameron and Tyler Winklevoss. That ETF – first proposed in mid-2013 and subject to a range of public comments and exchange switches – is effectively waiting in the wings for a decision by the US Securities and Exchange Commission, which is weighing a rule change proposal that would clear its passage.

While most in the digital currency space likely know the ins-and-outs of the ETF story, those not so familiar with it might not understand all the details. In this feature, CoinDesk explores the journey - from start to near-finish – of the proposed bitcoin ETF.

In the beginning

Before getting into the story of the bitcoin ETF’s early days, it might help to understand who Tyler and Cameron Winklevoss are exactly.

Both graduates from Harvard University, the two took part in the 2008 Beijing Olympics in the men’s rowing competition, where they advanced to the finals and ultimately scored sixth place, according to ESPN.

Another major event in their pre-bitcoin days was the now-infamous legal battle with Facebook founder Mark Zuckerberg, documented in the 2010 film The Social Network. While at Harvard, the Winklevosses conceived a social network, ultimately dubbed ConnectU, for which they began working with Zuckerberg. Yet Zuckerberg soon opened the well-known Facebook platform, sparking the legal fight that resulted in a $65m settlement.


Full Read Here: http://www.coindesk.com/the-journey-of-the-winklevoss-bitcoin-etf/

[Slow death]

From First Filing to Final Decision: The Journey of the Winklevoss Bitcoin ETF – CoinDesk


t’s a looming decision that has sparked global headlines, turned the heads of financial analysts and kept the bitcoin world on the edge of its proverbial seat.

This refers, of course, to the bitcoin exchange-traded fund (ETF) proposed by investors Cameron and Tyler Winklevoss. That ETF – first proposed in mid-2013 and subject to a range of public comments and exchange switches – is effectively waiting in the wings for a decision by the US Securities and Exchange Commission, which is weighing a rule change proposal that would clear its passage.

While most in the digital currency space likely know the ins-and-outs of the ETF story, those not so familiar with it might not understand all the details. In this feature, CoinDesk explores the journey - from start to near-finish – of the proposed bitcoin ETF.

In the beginning

Before getting into the story of the bitcoin ETF’s early days, it might help to understand who Tyler and Cameron Winklevoss are exactly.

Both graduates from Harvard University, the two took part in the 2008 Beijing Olympics in the men’s rowing competition, where they advanced to the finals and ultimately scored sixth place, according to ESPN.

Another major event in their pre-bitcoin days was the now-infamous legal battle with Facebook founder Mark Zuckerberg, documented in the 2010 film The Social Network. While at Harvard, the Winklevosses conceived a social network, ultimately dubbed ConnectU, for which they began working with Zuckerberg. Yet Zuckerberg soon opened the well-known Facebook platform, sparking the legal fight that resulted in a $65m settlement.


Full Read Here: http://www.coindesk.com/the-journey-of-the-winklevoss-bitcoin-etf/

It was many years and finally this story is at its end, it seems that the decision will be today. Whatever the decision will have an impact on the price.

Let's wait for the end of the day to find out whether they have approved or not

[swogerino]

But now they are saying not today and it was slated for the 11th which is the weekend so why would they just open government offices on their day off to make a quick decision on something people have been waiting for nearly 3 years to get approved? Are they just shoving it behind the counter top again and just seeing it as a joke in the real numbers/money game that they all are playing at?
Everybody else who gives a care for it's outcome are saying it will be decided by Monday at the very latest.

[Minecache]

But now they are saying not today and it was slated for the 11th which is the weekend so why would they just open government offices on their day off to make a quick decision on something people have been waiting for nearly 3 years to get approved? Are they just shoving it behind the counter top again and just seeing it as a joke in the real numbers/money game that they all are playing at?
Everybody else who gives a care for it's outcome are saying it will be decided by Monday at the very latest.

Forget Monday. No decision by end of 11th March it passes by default. 

[cr1776]

But now they are saying not today and it was slated for the 11th which is the weekend so why would they just open government offices on their day off to make a quick decision on something people have been waiting for nearly 3 years to get approved? Are they just shoving it behind the counter top again and just seeing it as a joke in the real numbers/money game that they all are playing at?
Everybody else who gives a care for it's outcome are saying it will be decided by Monday at the very latest.

Forget Monday. No decision by end of 11th March it passes by default. 

No, if the decision day is on a federal holiday or weekend (etc) it is pushed back to the next business day.  So close of business Monday is the deadline. The same happens for April 15.

[kjlimo]

But now they are saying not today and it was slated for the 11th which is the weekend so why would they just open government offices on their day off to make a quick decision on something people have been waiting for nearly 3 years to get approved? Are they just shoving it behind the counter top again and just seeing it as a joke in the real numbers/money game that they all are playing at?
Everybody else who gives a care for it's outcome are saying it will be decided by Monday at the very latest.

Forget Monday. No decision by end of 11th March it passes by default. 

No, if the decision day is on a federal holiday or weekend (etc) it is pushed back to the next business day.  So close of business Monday is the deadline. The same happens for April 15.

Seems like the roller coaster of price has begun.  Gonna be a bumpy weekend for sure!

Hang on!

[cr1776]

But now they are saying not today and it was slated for the 11th which is the weekend so why would they just open government offices on their day off to make a quick decision on something people have been waiting for nearly 3 years to get approved? Are they just shoving it behind the counter top again and just seeing it as a joke in the real numbers/money game that they all are playing at?
Everybody else who gives a care for it's outcome are saying it will be decided by Monday at the very latest.

Forget Monday. No decision by end of 11th March it passes by default. 

No, if the decision day is on a federal holiday or weekend (etc) it is pushed back to the next business day.  So close of business Monday is the deadline. The same happens for April 15.

Seems like the roller coaster of price has begun.  Gonna be a bumpy weekend for sure!

Hang on!

It will be entertaining for sure!  Something unique could happen if the rule changes are made.  Interesting to watch what happens. 😀

[raiblock]

All this drama is causing the price to not know what to do with it's self.
Jumping up then falling right back down in minutes.
Just crazy time for bitcoin investors and buyers right now.

[Kprawn]

Cameron and Tyler Winklevoss made a good choice back then to try and take this to Wall Street, because their early exposure to Bitcoin was a bit

rocky with old Charlie.  .... They had to break free from those roots and follow the "regulated" root to the riches. I hope all their dedication and

time will pay off after all these years. Gemini is still going strong, so it will be even better if the ETF can take this to Wall Street. 

[1Referee]

All this drama is causing the price to not know what to do with it's self.
Jumping up then falling right back down in minutes.

Bitcoin hasn't been any diffent so far. This ETF just adds a bit fuel to the fire, that's it. It's called hype. Same basically happened with the block halving last year. The hype before the halving was immense, and resulted in the market to shake up and down. But one thing is important to know, everything is just short term. If you look at the long term charts (ignore pumps and dumps), then you see that the long term doesn't get affected by all of these short term happenings. Just look where we are standing today.

Just crazy time for bitcoin investors and buyers right now.

Crazy times in Bitcoin are usually the most profitable times for traders.