Bitcoin Price Will Surge to $1645 in March If Winklevoss ETF Gets Green Light: Research
Speculation about the Winklevoss twins’ Bitcoin ETF possible regulatory approval continues. On March 11, the US Securities and Exchange Commission should come to its “yes” or “no” verdict after almost four years of waiting. It may happen by the time two of the world’s top Bitcoin exchanges that are based in China - Huobi and OKCoin - would have resumed their full withdrawal services. Most commentators are certain that the first Bitcoin exchange traded fund or ETF is not likely to be approved. However, commentaries are still divided over the issue and none of the stakeholders rule out the....
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Emerita Capital, a provider of quantitative analysis for investment assets, believes bitcoin price could hit $3,678 if the Securities and Exchange Commission (SEC) approves the Winklevoss ETF on March 11. The company, writing in Seeking Alpha, recommends portfolios hold between 0.2% and 5.0% in bitcoin. It recommends purchasing bitcoin on an OTC spot exchange. Emerita Capital states at the outset that its views are contrary to many investment and research firms, a factor that has created an attractive return/risk ratio for investors taking positions in the bitcoin OTC market before March.....
Earlier today, the Winklevoss Bitcoin Fund, an exchange-traded fund (ETF) founded by Cameron and Tyler Winklevoss formally filed for shares on Nasdaq. The Bitcoin Trust filed with the Securities Exchange Commission to apply to sell 1 million shares. Astute observers have read between the lines and noted that a lack of a specific launch date and/or expense ratio indicates that the ETF is still months away from seeing the public light. Also read: SEC Receptive to Winklevoss Bitcoin Trust ETF. Winklevoss Bitcoin Trust ETF. The Winklevoss Bitcoin Trust is officially sponsored by Math-Based....
The fund, which will trade on Brazil’s B3 stock exchange, uses custodial services provided by the Winklevoss twins’ United States-based Gemini. Brazil’s Comissão de Valores Mobiliários (CVM), the country’s securities regulator, has approved an Ether (ETH) exchange-traded fund (ETF), according to an announcement by QR Capital, the holding company of QR Asset Management.The fund, which trades under the ticker QETH11, will trade on Brazil’s highly reputable B3 stock exchange, which operates as a regional exchange and serves customers worldwide. QETH11 will use the same Ether index as that....
Bitcoin recently set a new all-time high just shy of $20,000 on some top exchanges. Despite the strong rally from the March lows, analysts think there is further room for a rally. Speaking on CNBC on Monday, Tyler Winklevoss of Gemini said that Bitcoin could rally 2,500% from current levels. BTC rallying 2,500% would mean it moves to $500,000. Winklevoss is far from the only prominent investor in this market to think that Bitcoin could […]
The writer and market observer behind Tyler Durden of prominent financial news website Zero Hedge, doesn’t expect the SEC to approve a bitcoin hedge fund anytime soon, in light of how long it has taken the agency to act on the Winklevoss ETF and other factors, including China’s dominance of bitcoin trading. Durden thinks the delay in getting a bitcoin ETF approved will keep cryptocurrency volatile, which he thinks is good since it’s an asset traders are looking for given the lack of volatility in other assets. More than three years ago, Winklevoss Capital Management LLC, launched the....