Winklevoss Bitcoin Trust {COIN} on Nasdaq OMX [Video]

[gentlemand]

There is nothing that prevents hedge funds from investing in bitcoins. Google "bitcoin hedge funds".

Maybe it depends where you are or what rules you're adhering to.

This guy says he would buy only if there was a proper exchange.

http://www.investmentweek.co.uk/investment-week/news/2310184/hendry-i-would-buy-bitcoin-if-i-could

[Riniaiokl]

I would argue that this is a very big step in the right direction to get bitcoin to start trading as an ETF. I would say that ETF trading would likely push up the price over the long term.

It should also be noted that second market recently announced an open ended mutual fund that will invest in bitcoin

Do you have a link to that?

[InwardContour]

I would argue that this is a very big step in the right direction to get bitcoin to start trading as an ETF. I would say that ETF trading would likely push up the price over the long term.

It should also be noted that second market recently announced an open ended mutual fund that will invest in bitcoin

Do you have a link to that?

https://www.secondmarket.com/company/bitcoin-investment-trust

It's value is calculated every day at 4 PM eastern time, and charged a 1.5% fee to buy and 2.0% annual fee. You need to invest a minimum of $25,000

[franky1]

I would argue that this is a very big step in the right direction to get bitcoin to start trading as an ETF. I would say that ETF trading would likely push up the price over the long term.

It should also be noted that second market recently announced an open ended mutual fund that will invest in bitcoin

Do you have a link to that?

https://www.secondmarket.com/company/bitcoin-investment-trust

It's value is calculated every day at 4 PM eastern time, and charged a 1.5% fee to buy and 2.0% annual fee. You need to invest a minimum of $25,000

what i hate about the winkle twins and secondmarket.. is the lack of responsibility they will have if disaster strikes.

in both cases the entities winkle twins... second market.. both have set up a trustee company, who then "SPONSERS" a third company..

thus still controlling it physically, but having 3 lines of defense to run away from legally..

bring back the good old days where people not "companies" were made bankrupt if their business went south.. the days where the captain goes down with his ship.. instead of these bull crap regulations that allow the captains to sail away with all the passengers possessions. leaving passengers to drown..

apart from that rant..  lets hope that never happens

[ThePanCakeKid95]

Get a lapel mic

Funny you should say that, I actually have one just havn't used it the last few videos for some reason

[STAyre]

Bitcoin market price would almost never go down in any significant manner if an ETF is launched dealing with bitcoin

[FlowerMatt]

Was hoping for a more professional listing like WNKY

[halfawake]

It'll definitely be interesting to see how this plays out.  We can hope that there's a significant amount of interest in bitcoin from people like Hendry who end up buying this ETF.

[RepublicSpace]

Was hoping for a more professional listing like WNKY

that would sound hilarious on financial news, "WNKY's up again this morning ! 200%!"

[Bynavama]

My prediction, this will fail within 5 years.

[tigeRshoes]

Was hoping for a more professional listing like WNKY

that would sound hilarious on financial news, "WNKY's up again this morning ! 200%!"

- Hey Chuck, why are you so moody this morning?
- Well Bob, WNKY's today and I was hoping to show the misses a good time tonight.

[franky1]

Was hoping for a more professional listing like WNKY

that would sound hilarious on financial news, "WNKY's up again this morning ! 200%!"

lets say i was trading something valuable, a new asset.. lets call it milkium... where lots of different people can trade it too..

would i want to be known on nasdaq ask just frnk... or will i want to try and make it so that i am the main name everyone goes to for trades relating to milkium. by owning the abreviation MLKM...

the winkles didnt just want to be another business, they wanted to potentially be THE market of bitcoin shares, hence choosing coin.. making them appear to be the one and only business trading coins

[bananaControl]

My prediction, this will fail within 5 years.

What an insightful comment. Back up your prediction with your reasoning behind, else this is nothing but FUD trolling.

[blatchcorn]

My prediction, this will fail within 5 years.

Why 5 years?  Likelihood is that if it survives 6 months, it will survive indefinitely

[ThePanCakeKid95]

yea, like I've said before I think this will help the average investor and larger investing funds let people get into bitcoin

[gentlemand]

My prediction, this will fail within 5 years.

My prediction, it will last for 311,000 years.

You heard it here first. Invest accordingly.

[ThePanCakeKid95]

My prediction, this will fail within 5 years.

My prediction, it will last for 311,000 years.

You heard it here first. Invest accordingly.

lol

[Arbitrageur]

any updates on the etf? it's the only thing that can save bitcoin from the current downward spiral disaster right now

[ThePanCakeKid95]

actually yes I just posted a video to my channel, It talks about the latest news