Why The SEC Should Approve The Winklevoss Bitcoin ETF
When the Securities and Exchange Commission (SEC) recently asked for public comment on the Winklevoss Bitcoin ETF, Bloomberg analyst Eric Balchunas didn’t waste any time. Balchunas, who focuses on exchange-traded funds, thinks the case for bitcoin, which has returned 610% since the ETF was filed in July 2013, is strong. The commission has taken a lot of time to decide on whether or not to approve the first bitcoin ETF, with concerns about bitcoin’s stability and security. Balchunas thinks the reasons favoring approval outweigh these concerns, which he outlined in a recent Bloomberg opinion....
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Investors Tyler and Cameron Winklevoss are another step closer to offering the first Securities and Exchange Commission (SEC) regulated bitcoin investment product following a request for comment published Friday. Last month, BATS proposed a rule change that would result in the listing and trading of the Winklevoss Bitcoin Shares issued by the Winklevoss Bitcoin Trust. Now, in response to that request, SEC assistant secretary Jill Peterson has opened the proposal for comment from the public. Peterson wrote: "In its filing with the Commission, the Exchange included statements concerning....
A new prediction market is targeting one of the industry's biggest unanswered questions. Announced today, leveraged bitcoin trading platform BitMEX has launched a prediction futures contract that it says will allow traders to bet on whether the SEC will approve the Winklevoss Bitcoin Trust ETF, the long-awaited US public investment vehicle that would offer exposure to the digital currency. The Hong-Kong based exchange has made this market available at a time when the speculation surrounding the potential approval of this bitcoin ETF has generated significant visibility. First filed in 2014....
The US Securities and Exchange Commission (SEC) is seeking additional public feedback as it weighs whether to approve a bid to launch a bitcoin exchange traded fund (ETF) by investors Tyler and Cameron Winklevoss. The decision to open up the process to more comment comes after the SEC said it was delaying its final decision on a request to list the ETF on the BATS Global Exchange. The Winklevoss brothers originally sought to list the ETF on the Nasdaq exchange, a request that dates back to 2013. For now, the SEC says it wants feedback on the stability of bitcoin, the manner in which the....
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,....
Traders seem to be already pricing in the US Securities and Exchange Commission's (SEC) upcoming ruling on the Winklevoss bitcoin exchange-traded fund (ETF), according to most analysts polled by CoinDesk. Should the fund – sought by Tyler and Cameron Winklevoss – receive approval, the creation of an easily accessible investment vehicle could trigger a massive influx of capital and robust price increases, market observers have stated. As a result, the SEC decision, which has a deadline of 11th March, has drawn significant attention from traders. Potential impact. Several analysts spoke with....