Bitcoin Forum
March 29, 2024, 01:05:53 PM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Wilshire Phoenix files for Public Traded Bitcoin Commodity Trust  (Read 277 times)
Baofeng (OP)
Legendary
*
Offline Offline

Activity: 2548
Merit: 1655



View Profile
June 13, 2020, 09:02:00 PM
Merited by squatter (1)
 #1

https://www.sec.gov/Archives/edgar/data/1811978/000091957420004103/d8556761_s-1.htm

So another big investment firm, Wilshire Phoenix has filed for a "FORM S-1 REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933"
.

So let's wait if this is going to be approved and see if it can bring positive effect to the market. And will probably compete with Grayscale’s Bitcoin Trust (GBTC).

███████████████████████
████████████████████
██████████████████
████████████████████
███▀▀▀█████████████████
███▄▄▄█████████████████
██████████████████████
██████████████████████
███████████████████████
█████████████████████
███████████████████
███████████████
████████████████████████
███████████████████████████
███████████████████████████
███████████████████████████
█████████▀▀██▀██▀▀█████████
█████████████▄█████████████
███████████████████████
████████████████████████
████████████▄█▄█████████
████████▀▀███████████
██████████████████
▀███████████████████▀
▀███████████████▀
█████████████████████████
O F F I C I A L   P A R T N E R S
▬▬▬▬▬▬▬▬▬▬
ASTON VILLA FC
BURNLEY FC
BK8?.
..PLAY NOW..
1711717553
Hero Member
*
Offline Offline

Posts: 1711717553

View Profile Personal Message (Offline)

Ignore
1711717553
Reply with quote  #2

1711717553
Report to moderator
1711717553
Hero Member
*
Offline Offline

Posts: 1711717553

View Profile Personal Message (Offline)

Ignore
1711717553
Reply with quote  #2

1711717553
Report to moderator
"You Asked For Change, We Gave You Coins" -- casascius
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1711717553
Hero Member
*
Offline Offline

Posts: 1711717553

View Profile Personal Message (Offline)

Ignore
1711717553
Reply with quote  #2

1711717553
Report to moderator
1711717553
Hero Member
*
Offline Offline

Posts: 1711717553

View Profile Personal Message (Offline)

Ignore
1711717553
Reply with quote  #2

1711717553
Report to moderator
1711717553
Hero Member
*
Offline Offline

Posts: 1711717553

View Profile Personal Message (Offline)

Ignore
1711717553
Reply with quote  #2

1711717553
Report to moderator
squatter
Legendary
*
Offline Offline

Activity: 1666
Merit: 1196


STOP SNITCHIN'


View Profile
June 14, 2020, 01:43:12 AM
Merited by Baofeng (1)
 #2

So let's wait if this is going to be approved and see if it can bring positive effect to the market. And will probably compete with Grayscale’s Bitcoin Trust (GBTC).

It does look to be modeled after Grayscale's cryptocurrency trusts. Similarly, shares will only trade on the OTC market, so this is not like an ETF.

Quote
The Sponsor intends to apply to have the Shares quoted on OTC Markets Group, Inc.'s OTCQX Best Marketplace (the "OTCQX") under the ticker symbol [   ]. After issuance of the Shares, the Shares can be bought and sold throughout the trading day like any other publicly traded security.

The only real difference I see is that Wilshire Phoenix will be undercutting Grayscale's fees by more than 50%.

Interestingly, Fidelity Digital Asset Services will act as custodian for their bitcoins. That's the first I've heard from them since New York granted them a trust charter. ETF or no ETF, Wall Street has certainly arrived.

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!