Winklevoss ETF update, what does this mean?

[hector3115]

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

[newIndia]

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

It only means that the Winky bros need some little money in 2015

[faince222]

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

It only means that the Winky bros need some little money in 2015

Instead I think that the next year carousel will start to turn ! And with winklevoss ETF we will see many thing that will happen ! Many Bitcoin data has increased this year, only thing which is decrease is price !

[flipme]

Any price range given?
They gonna dump their own Bitcoin on the ETF now in a short lived buying frenzy to fill the fund.
Thats what it means to me. No market reaction, yet.

IPO: http://www.nasdaq.com/markets/ipos/company/winklevoss-bitcoin-trust-909930-72927

[vm_mpn]

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

It means BTC going public stock exchange... Well, kind of... They will be selling shares of their BTC fund.

[LiteCoinGuy]

guess we are doomed? Winklevoss switched to Paycoin i heard - much wow!

[QuestionAuthority]

It means the periwinkles need to recover some of the money they lost on Bitinstant.

Investors need to go into a bitcoin ETF with ‘eyes wide open,’ the Winklevoss brothers say.

There are many questions surrounding the Winklevoss Bitcoin Trust ETF (COIN) such as its viability as an investment vehicle, its first-of-a-kind exposure to an unregulated crypto-currency, and ultimately where it fits in portfolios.

There’s, indeed, a lot of conversation taking place about this fund, which remains in the regulatory pipeline awaiting SEC approval. But to Cameron and Tyler Winklevoss—the heads behind the idea—a bitcoin ETF should deliver, first and foremost, a return path that’s similar to that of a precious metals ETF. But the ride will be mired in risks, some of which are still evolving as the space grows.

The brothers will speak more extensively about their plans at the upcoming Inside ETFs conference in Hollywood, Florida, in January. Here they answered a few questions by email.

ETF.com: What's the investment thesis for a bitcoin ETF?

There are investors and funds that would like to gain exposure to this asset class, but may be unable or unwilling to hold bitcoin directly, or may not want to buy bitcoins from an unregulated foreign bitcoin exchange.

Investors historically have chosen to offload the friction of directly buying and securing assets such as gold for a reasonable fee. We believe investors will behave the same with regard to bitcoin. Also, since the ETF will be listed on the Nasdaq, investors will be able to trade their shares in the ETF like they would any other stock in a public company.

ETF.com: Do you see a bitcoin ETF as a currency ETF, or as something different?

Bitcoin is most similar to a commodity, and our bitcoin ETF is similar to precious metals ETFs like the SPDR Gold Trust (GLD | A-100).

ETF.com: U.S. investors in currency ETFs bear the currency risk, but also earn the interest rate of the currency they're investing in. Bitcoin has no such rate of return, correct? Is it akin to gold in this respect?

Yes, bitcoin, like gold, does not have a rate of return.

ETF.com: Bitcoin is very volatile. What are the main risks investors would face if they own the ETF? How is the pricing benchmarked in the fund?

Right now, bitcoin is behaving like a new and unregulated asset class that’s in the process of becoming regulated. You could also think of it like an early-stage technology—it’s going to be volatile at this stage; that's what should be expected.

Because of this, we included an exhaustive list of risk factors in our S-1, including risks that are unique to bitcoin. We continue to update the disclosure to reflect risks as they develop. We want investors going in with their eyes wide open. Investors should review the risk factors in the registration statement.

The value of the Winklevoss Bitcoin Trust will be priced daily off of the Winklevoss Index (WinkDex), which is a pioneering effort in the analysis and presentation of global bitcoin pricing and which currently uses data from the most active qualified U.S.-dollar-denominated bitcoin exchanges.

Attend Inside ETFs, the World's Largest ETF Conference!

 

Taken from: http://www.etf.com/sections/features/23846-winklevoss-bros-beware-bitcoin-etf-risks.html

[Meuh6879]

Winklevoss ETF update, what does this mean?

------> in 2014 : MtGox (little finger in your ass)
------> in 2015 : 2 time more : double combo Wink in your ass (when you want REAL BTC...)


 

[Meuh6879]

They will be selling shares of their BTC fund.

SHARE and ETF is not BTC.

[vm_mpn]

They will be selling shares of their BTC fund.

SHARE and ETF is not BTC.

Yes M, thank you for chewing it out for me

[ChuckBuck]

It means strap on your seatbelts folks, this rocket ship is about to take off!



Much wow once the COIN ETF launches.   

[BitCoinNutJob]

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

It means buckle your seatbelt dorothy cause kansas is going bye-bye

[hopey]

It means strap on your seatbelts folks, this rocket ship is about to take off!

https://i.imgur.com/CbeOgFW.png

Much wow once the COIN ETF launches.   

THX for new wallpaper.

[reRaise]

This will be huge imo, it will legitimate Bitcoin x m00n

[charlieSeen]

They will be selling shares of their BTC fund.

SHARE and ETF is not BTC.

This is correct, however investors in COIN are going to be effectively be investing in bitcoin as they will own a trust that owns bitcoin. Additionally the trust (and trustees) should be (IMO) considered to be trustworthy and it is possible to exchange shares in the trust for actual bitcoin (and vice versa)

[0nlyBTC]

"The investment objective of the Trust is for the Shares to reflect the performance of the price of Bitcoins, as measured by the Winklevoss IndexSM (“WinkdexSM”), less the Trust’s expenses. The Sponsor believes that, for many investors, the Shares will represent a cost-effective and convenient means to access exposure to bitcoins. The Shares represent units of fractional undivided beneficial interest in and ownership of the Trust and are expected to be traded under the ticker symbol “COIN” on the NASDAQ."


So investors will have the chance to invest in shares aka "convenient means to access exposure to bitcoins?" In turn will be traded on NASDQ under the ticker "COIN?"

So effectively bitcoins will be traded on the stock exchange?

[BitcoinEXpress]

Wished I had a BTC for every time "something" was going to push Bitcoin to the moon LOL

I'll wait and see before I buy into it.


~BCX~

[bitkilo]

Any price range given?
They gonna dump their own Bitcoin on the ETF now in a short lived buying frenzy to fill the fund.
Thats what it means to me. No market reaction, yet.

IPO: http://www.nasdaq.com/markets/ipos/company/winklevoss-bitcoin-trust-909930-72927

I really dont think there back up plan is dump all the BTC they own on their very own EFT.
What btc would be left to sell shares in?

[saddampbuh]

if paypal announcement didn't help the price im not sure this will

[Gio344]

Well if its the NASDAQ thats about 100x bigger than any current bitcoin exchange out there