Newbie1022
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October 26, 2014, 05:33:43 PM

The Winklevoss are giving a keynote at Money 20/20 in a week.

Is it possible they may announce the ETF? Does the SEC publish public documents upon approval, or do they privately tell them it got approved? In other words, will we know when the Winklevoss know?

The issuer can decide when to "go public" once approved. In other words, they manage their own announcement, not the SEC. They'll know first.

Hmmm.. not getting my hopes up but that would be an awesome keynote announcement

Well, one has to ask whether the ETF will cause the price to go up or down. Of course, upon announcement, it goes up on hype, publicity, attention to the Coin. But, this is the Winklevoss' private stash that has already been purchased/accumulated. The net effect will probably be to provide ordinary investors a vehicle to purchase from the Winklevi rather than the market. In other words, it will decrease buy pressure on the exchanges even more due to cannibalization of the same demand. Thus, Winklevi = sub $100 coin by year's end if they announce this week.