“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:
Son of top DHS border cop busted for running cocaine
Bank of Finland Report Calls Digital Currency a “Fallacy”
James Corbett: What I Learned From the "PropOrNot" Propaganda List
President Obama Nominates Penny Pritzker for Commerce Secretary
Geithner's Final Trick: Bye Bye Dodd-Frank, Volcker Rule
US Rents Hit Record Highs As Homeownership Plunges To 18 Year Lows
Economist: Obamacare Will Cost 4 Million Jobs
Zimbabwean Finance Minister Says the Country Has Just $217 In The Bank
Congress Asks Bernanke For Full Risk Analysis On Fed's Soaring Balance Sheet
Trump Betrays Trumpism: Syria in the Crosshairs
Why We're Not Sneering at the Averages
Visit the Wrong Website, and the FBI Could End Up in Your Computer
FATCA Reciprocity Will Now Target Delaware?
Watch out, startup communities: The Congressmen are coming
Romney’s Big Navy Guru Made Millions From Building Ships