bitcoin NEWS

The emergence of the Winklevoss Bitcoin ETF – exchange traded Fund established by twins Cameron and Tyler Winklevoss – will make the process of investing in bitcoin as simple and straightforward as buying shares in any other ETF.

At the moment there are two funds of the bitcoin Investment Trust Bitcoin company SecondMarket, and a hedge Fund, Pantera Bitcoin Advisers LLC, the company Pantera Capital – which are available only to wealthy investors.

When the Winklevoss twins filed to register their Bitcoin ETF, they said the goal was to make bitcoin investing available to anyone with a brokerage account.

"The Fund brings bitcoin to the "Main Street" for ordinary investors," said Tyler Winklevoss magazine The New York Times — "It eliminates interference when purchasing bitcoin and reduces the risks associated with storage offering investment attributes that are similar to direct ownership."
In the Winklevoss Bitcoin ETF makes sense

Winklevoss Bitcoin ETF would function similarly to the commodity ETF, not working, for example, with gold and silver, and he will buy bitcoin in exchange for shares of the ETF. In the registration form, establishes that the Fund will buy 1 bitcoin for 5 shares of the ETF.

Daily transactions would go through a regulated trading Desk. The Winklevoss twins say they have their own method of storing bitcoin that prevent hacking and theft.

Filed in July last year, applications to register the Winklevoss Bitcoin ETF (officially it's called the Winklevoss Bitcoin Trust), is pending in the Commission on securities and stock exchanges of the USA (Securities and Exchange Commission, SEC). But soon it can be approved.

The lawyer, who prepared a draft proposal for ETF, Kathleen Moriarty (Kathleen H. Moriarty) is a partner in the Chicago law firm Katten Muchin Rosenman LLP, told Bloomberg News that the process is in full swing and the Fund may be approved at the end of August 2016.

And approval of the Winklevoss Bitcoin Trust, which I think is only a matter of time, you should monitor all investors, what will happen after it will be born...

Investing in bitcoin can take off

Winklevoss Bitcoin Trust will allow a new group of buyers to invest in bitcoin. And this is likely to lead to higher prices.

Many people think that as more and more merchants agree to accept bitcoin this trend is accelerating and a growing number of people are beginning to invest in bitcoin, then the price can soar.

The Winklevoss twins believe the bitcoin price in the next couple of years could rise to $40 thousand per coin.

Of course, the Winklevoss Bitcoin ETF itself would not be responsible for such changes in prices, although this is one of the pieces of the puzzle.

Barry Silbert (Barry Silbert, chief Executive officer of SecondMarket sees on the market a lot of big players behind bitcoin.

"We are now about a couple of months before the dollar-wall Street withdraw bitcoin in a big way," said Silbert magazine Entrepreneur
And when that happens, don't miss a moment.

"Once wall street starts to put money into bitcoin – we're talking hundreds of millions, billions of dollars – it will have a fairly significant impact on prices," said Silbert
We remind You, dear read that SEC approval is possible in late August