Barry Silbert Now Competes With Winklevoss Twins, SolidX for Launching First Bitcoin ETF in 2017
A new Bitcoin ETF provider has entered the competition alongside Winklevoss Bitcoin Trust and SolidX. Grayscale Investments, the child company of Barry Silbert’s Digital Currency Group, filed an S-1 registration statement with the Securities and Exchange Commission (SEC) to list its Bitcoin Investment Trust on the New York Stock Exchange. Since 2013, Grayscale Investment’s Bitcoin Investment Trust has been providing a unique method for investors and traders to purchase Bitcoin in a more regulated ecosystem by selling the shares of Bitcoin Investment Trust, hereinafter GBTC, on a public....
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The Bitcoin market today is getting more stable than before. Could it help the three United States companies presently seeking to run Bitcoin Exchange and Traded Funds (ETF) get approved? The Winklevoss Bitcoin ETF will see a final decision from the Securities and Exchange Commission by March 11 while SolidX expects its decision on March 17. A firm run by technology entrepreneur Barry Silbert recently filed with the Securities and Exchange Commission to list its Bitcoin Investment Trust on the New York Stock Exchange. Though there has been a growing view that the listing of a Bitcoin ETF....
The Bitcoin Investment Trust (BIT) now holds more than 100,000 BTC, according to Barry Silbert, CEO of SecondMarket and founder of the trust. Silbert has big plans for the Bitcoin Investment Trust, which is expected to open for public investors sometime in the fourth quarter of 2014. For the time being, the trust is a private investment vehicle but once it opens to the general public, the fund is expected to attract a new breed of bitcoin investors. Silbert believes the 100,000 mark is a big milestone for BIT, and it's hard to argue otherwise. After all, this grand total amounts to almost....
George Kikvadze, vice chairman of major Bitcoin mining and Blockchain technology company Bitfury, laid out his expectations and predictions for 2017 regarding the development of the Bitcoin industry, the community and, most importantly, the Bitcoin network. Highly anticipated events in Bitcoin industry. 2017 is a highly anticipated year for the Bitcoin industry, with companies like Gemini and SolidX approaching the approval process of their exchange-traded funds (ETFs). The Bitcoin ETF of the Winklevoss Twins, called the Winklevoss Bitcoin Trust, is particularly close to its approval and....
Injecting an additional US$65m into the ecosystem would push the market cap up a bit. That said, it is possible the Winklevoss twins will use a part of their own Bitcoin stash for this project. The SEC has published a document on the Winklevoss Bitcoin Trust, which is set to issue its own shares to investors. The primary objective of this Trust is to hold Bitcoin, and the initiative is sponsored by Digital Asset Services, LLC. The name Winklevoss has been synonymous with Bitcoin for quite some time now. Tyler and Cameron Winklevoss launched their own Bitcoin exchange, called Gemini,....
See the announcement here. Barry Silbert sends out a teaser tweet. Founder and CEO of SecondMarket Barry Silbert, took to Twitter on Wednesday evening to tease his followers. Barry Silbert tweeted that he will be sharing some interesting news about the Bitcoin Investment Trust, the next day. Excited to share some @BitcoinTrust news tomorrow... The Bitcoin Investment Trust has received a great deal of interest since its announcement in September of last year, allowing accredited and institutional investors to be exposed to the bitcoin realm sans having to deal with buying, storing, and....