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Author Topic: Is this approval?  (Read 741 times)
hector3115 (OP)
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December 31, 2014, 02:30:52 PM
 #1

http://www.marketwatch.com/story/winklevoss-bitcoin-trust-files-to-sell-201-million-shares-2014-12-31-7915121

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Silverspoon
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December 31, 2014, 02:31:47 PM
 #2

^No, that's despair.  A new revision has been filed.
jertsy
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December 31, 2014, 02:42:18 PM
 #3

I'm surprised they can file anything over the Christmas holidays.
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December 31, 2014, 02:45:09 PM
 #4

I think so! Now ppl get a new traditional way to involve in bitcoin investing. It will increase more wide user base!

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Odalv
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December 31, 2014, 03:07:39 PM
 #5

hmm, are this shares already sold ?

1,000,000 shares at $20.09

http://www.sec.gov/Archives/edgar/data/1579346/000119312514457552/d721187ds1a.htm#toc721187_17

Quote
Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(d) under the Securities Act of 1933. Each Share comprising the initial Baskets of Shares represents 0.20 bitcoins and is offered at a per Share price equal to the price equal to the number of bitcoins comprising such Share. The price of bitcoins is based on a weighted average of the average of the high and low transaction prices of bitcoins on June 27, 2013 on three major Bitcoin Exchange sites: Mt. Gox, BitStamp and BTC-e. On June 27, 2013, this price was $100.45/bitcoin.
phoenix1
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December 31, 2014, 04:15:37 PM
 #6

hmm, are this shares already sold ?

1,000,000 shares at $20.09

http://www.sec.gov/Archives/edgar/data/1579346/000119312514457552/d721187ds1a.htm#toc721187_17

Quote
Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(d) under the Securities Act of 1933. Each Share comprising the initial Baskets of Shares represents 0.20 bitcoins and is offered at a per Share price equal to the price equal to the number of bitcoins comprising such Share. The price of bitcoins is based on a weighted average of the average of the high and low transaction prices of bitcoins on June 27, 2013 on three major Bitcoin Exchange sites: Mt. Gox, BitStamp and BTC-e. On June 27, 2013, this price was $100.45/bitcoin.


Nothing in that text says so. Price is for estimating a fee.
And no, it's not approval, it appears to be yet another amendment to their submission ...





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fewcoins
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December 31, 2014, 05:20:45 PM
 #7

LMFAO this is just a s-1/A they still don't have all their information straight... you guys were talking like this filing was almost done when they didn't even pay a registration fee or list the amount of shares set to release... 201million shares?! Sounds like a few sathoshi per share LMFAO! Whoever buys this ETF is going to get tossed!
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