“Despite the legal challenges the Winklevosses face, SecondMarket has already succeeded at launching a bitcoin ETF known as the Bitcoin Investment Trust. One notable difference between the two funds, is that SecondMarket’s offering is only open to high-income, institutional investors. The original proposal for the Winklevoss ETF called for it to be traded publicly and open to general investors. Subsequent reports suggested that SecondMarket was able to bypass many regulatory hurdles by pursuing this demographic, and that even ETFs that deal in established commodities can face difficulties making it to a wider market.”
http://www.coindesk.com/winklevoss-to-submit-revised-bitcoin-etf-sec/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Bitcoin Violates Numerous Laws According to Indonesia Central Bank
Redress for Aaron Swartz Is Not on the Way Despite White House Petition
Beijing Subway, Line 13, morning rush hour - just a little crowded
Ben Swann Interviews G. Edward Griffin
Jeffrey Tucker on arrest of Bitinstant's Charlie Shrem
National Guard Martial Law Training in Ontario, California
Department of Homeland Security Giving Firms Free Penetration Tests
Inside Oklahoma's Quest To Dominate The American Drone Industry
Bitcoin mining – public companies
Trumps Extends Official JFK Cover-Up For Another 50 Years
U.S. Intelligence: Syrian Government Didn’t Launch Chemical Weapons
How the Military Industrial Complex Targeted the Amash Amendment
Isle of Man Welcomes Bitcoin Exchanges: ‘No License Required’
Luzi Stamm: champion of a new Swiss gold initiative
Caterpillar Punked By Chinese Fraud, To Write Off Half Of Q4 Earnings