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N12
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Activity: 1610
Merit: 1010
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January 06, 2015, 04:48:21 PM |
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kryptopojken
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January 06, 2015, 04:59:08 PM |
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Gentlemen, start your engines
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N12
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Activity: 1610
Merit: 1010
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January 06, 2015, 05:00:50 PM |
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stonerider
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January 06, 2015, 05:08:52 PM |
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Okay, it's an old news, 5-days old to be exact, masquerading as new news!
What will be the effect of the Winklevoss twin's ETF on the price of BTC?
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j753k (OP)
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January 06, 2015, 05:10:51 PM |
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phoenix1
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January 06, 2015, 05:16:00 PM |
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Stop spamming old news you fool. And if you even bothered to read it you would see it is no big deal ATM. The filing did not include a launch date or expense ratio, indicating the Bitcoin Trust is not close to coming to market. Dated 31st Dec ... this is last year's news. I've got some old magazines you can read if you want.
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"Before you embark on a journey of revenge, dig two graves" - Confucius (China 551BC-479 BC)
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Chalkbot
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Merit: 1001
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January 06, 2015, 05:18:55 PM |
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From the second paragraph of the article you linked: "...the Bitcoin Trust is not close to coming to market."
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riiiiising
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January 06, 2015, 05:21:08 PM |
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Sad statement that a bitcoin ETF is still the most exciting item on the forecast for bitcoin.
It's not an innovation, just another path for greater fools to buy coins. Of course, if they actually wanted them, they would have bought them by now on their own, but I digress...
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j753k (OP)
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January 06, 2015, 06:10:26 PM |
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PUMP INCOMING, LOOK AT THAT VOLUME
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kilter71
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January 06, 2015, 08:06:36 PM |
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Can anyone, from experience, talk about how soon "as soon as practicable" is, on this type of filing?
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NUFCrichard
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January 06, 2015, 08:39:21 PM |
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So $20mil to start with? That's a bit undrwhelming.
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ivyleague1985
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January 06, 2015, 08:41:10 PM |
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So $20mil to start with? That's a bit undrwhelming. Other ETFs are coming on the way. They are pending for regulatory approvals.
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ivyleague1985
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January 06, 2015, 08:43:17 PM |
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At the price of $287, $20m will buy up 70K coins. And bitstamp will buy back 18-19k coins. I am neutral now, your guys to figure whether the price should go up or down.
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JamesBrown
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January 06, 2015, 09:07:50 PM |
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Ignoring the old news, can someone explain why is this ETF being hailed as the second coming of Jesus?
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fish731
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Activity: 66
Merit: 10
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January 06, 2015, 09:58:49 PM |
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Ignoring the old news, can someone explain why is this ETF being hailed as the second coming of Jesus?
Because the big boys can trade bitcoins there without having to worry if it gets hacked like bitstamp. At least that's what I was told, but don't ask me how it works.
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