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Author Topic: [2015-03-03] Nasdaq: First Bitcoin ETF Offers Way to Profit frm Virtual Currency  (Read 1291 times)
polynesia
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March 05, 2015, 12:55:53 AM
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The First Bitcoin ETF Offers Easy Way to Profit from Virtual Currency (GBTC)

http://www.nasdaq.com/article/the-first-bitcoin-etf-offers-easy-way-to-profit-from-virtual-currency-gbtc-cm450589

The first Bitcoin ETF for "ordinary" investors to buy is almost here...

The Bitcoin Investment Trust got approval last week from the Financial Industry Regulatory Authority (FINRA) to sell its shares on the OTC Markets. It should start trading within the next couple of weeks. It is currently listed on the OTC Markets "pink sheets" under a temporary symbol, BTCV, but will have a permanent ticker of OTCMKTS: GBTC.
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March 05, 2015, 10:19:33 AM
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The First Bitcoin ETF Offers Easy Way to Profit from Virtual Currency (GBTC)

http://www.nasdaq.com/article/the-first-bitcoin-etf-offers-easy-way-to-profit-from-virtual-currency-gbtc-cm450589

The first Bitcoin ETF for "ordinary" investors to buy is almost here...

The Bitcoin Investment Trust got approval last week from the Financial Industry Regulatory Authority (FINRA) to sell its shares on the OTC Markets. It should start trading within the next couple of weeks. It is currently listed on the OTC Markets "pink sheets" under a temporary symbol, BTCV, but will have a permanent ticker of OTCMKTS: GBTC.


That's huge!
Within the next couple of weeks... it should help ignite the rocket Smiley
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March 05, 2015, 10:49:04 AM
Last edit: November 26, 2015, 11:11:54 PM by medUSA
 #3

Stop! Read the article... This is not an ETF, I don't know what it is, need to read up on it:

Quote
Strictly speaking, the Bitcoin Investment Trust is not an exchange-traded fund . It's a hedge fund exploiting a rule that allows owners of the shares to sell them to others after 12 months with FINRA approval.

This is different to the Winklevoss ETF which needs approval from SEC (expect sometime this year - speculation):

Quote
But going through the SEC is why Cameron and Tyler Winklevoss lost the race. Their Bitcoin ETF, which will use the ticker Nasdaq: COIN, will be a fully compliant exchange-traded fund.

Further down the article, suggests this is technically a "hedge fund".
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March 05, 2015, 04:58:54 PM
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Stop! Read the article... This is not an ETF, I don't know what it is, need to read up on it:

Quote
Strictly speaking, the Bitcoin Investment Trust is not an exchange-traded fund . It's a hedge fund exploiting a rule that allows owners of the shares to sell them to others after 12 months with FINRA approval.

This is different to the Winklevoss ETF which needs approval from SEC (expect sometime this year - speculation):

Quote
But going through the SEC is why Cameron and Tyler Winklevoss lost the race. Their Bitcoin ETF, which will use the ticker Nasdaq: COIN, will be a fully compliant exchange-traded fund.

Further down the article, suggests this is technically a "hedge fund".

Ok, thanks, now it makes sense. Was wondering why was nobody talking about it, totally misread it...
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March 05, 2015, 05:12:32 PM
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Stop! Read the article... This is not an ETF, I don't know what it is, need to read up on it:

Quote
Strictly speaking, the Bitcoin Investment Trust is not an exchange-traded fund . It's a hedge fund exploiting a rule that allows owners of the shares to sell them to others after 12 months with FINRA approval.

This is different to the Winklevoss ETF which needs approval from SEC (expect sometime this year - speculation):

Quote
But going through the SEC is why Cameron and Tyler Winklevoss lost the race. Their Bitcoin ETF, which will use the ticker Nasdaq: COIN, will be a fully compliant exchange-traded fund.

Further down the article, suggests this is technically a "hedge fund".

+ 1 trust investment is not on nasdaq

"il  lungo termine è una guida fallace per gli affari correnti: nel lungo termine saremo tutti morti"
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