1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Securities and Exchange Commission may rule to bring a bitcoin exchange-trade fund to market

Discussion in 'CryptoCurrency' started by BassTrackerBoats, Mar 6, 2017.

  1. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator

    Joined:
    Mar 10, 2010
    Messages:
    17,294
    Likes Received:
    31,756
    Occupation:
    Selling CPA Sites
    Location:
    Not England
    Home Page:
    Digital currency advocates had plenty to crow about last week when bitcoin's price overtook gold.

    The event signaled a potentially important moment point for bitcoin, which is generally seen as asset that stores wealth. Bitcoin has gained more than 60 percent in price since mid-January.

    Now comes a chance for bitcoin to take another step toward legitimacy.

    At some point this week, the Securities and Exchange Commission is likely to rule on a request from Tyler and Cameron Winklevoss — the same twin brothers who battled Mark Zuckerberg in court shortly after he founded Facebook — to bring a bitcoin exchange-trade fund to market. If the ETF is approved, it will give investors another vehicle to capitalize on the bitcoin craze without having to go to the exchanges where the currency is traded.

    While a bitcoin ETF would be huge for the currency, market experts remain skeptical that it will happen.

    Source: http://www.cnbc.com/2017/03/05/coming-up-this-week-jobs-friday-the-fed-bitcoin-and-more.html
     
    • Thanks Thanks x 3
  2. Nut-Nights

    Nut-Nights Jr. VIP Jr. VIP

    Joined:
    Jun 20, 2013
    Messages:
    5,618
    Likes Received:
    3,518
    Location:
    Hell
    Home Page:
    I bought few bitcoins last week, lets see how it goes. :D Its pain in ass.
     
  3. sturose

    sturose Jr. VIP Jr. VIP

    Joined:
    Nov 6, 2013
    Messages:
    1,808
    Likes Received:
    2,217
    Gender:
    Male
    Occupation:
    Self unemployed
    Location:
    Right behind you!
    • Thanks Thanks x 2
  4. Nut-Nights

    Nut-Nights Jr. VIP Jr. VIP

    Joined:
    Jun 20, 2013
    Messages:
    5,618
    Likes Received:
    3,518
    Location:
    Hell
    Home Page:
    • Thanks Thanks x 1
  5. Lordof$

    Lordof$ Junior Member

    Joined:
    Feb 2, 2017
    Messages:
    154
    Likes Received:
    20
    I wait for the 11th to past and after i will buy , if ETF is not aproved btc will get a hit and the price will fall for a lil time, but not to much because soon China will delete his ban on exchanges and price will goo up again. So anyway everyone should buy after 11.
     
  6. Market Madness

    Market Madness Registered Member

    Joined:
    Oct 13, 2016
    Messages:
    54
    Likes Received:
    0
    Gender:
    Male
    Very interesting. Cryptocurrency is such a great new thing. Very pivitol time with politics etc. and sociology involving cryptocurrencies.