The winklevii already have investors ready to buy as soon as they go live. They know alot of high power people.
I don't doubt they know powerful people but powerful people are "usually" powerful as they are fairly intelligent.
Now, I am mildly semi intelligent and I know if I were them I'd buy before Gemini is launched and the price potentially rises.
Why wait for the winkles?
I am not sold on this Gemini exchange doing much at all to the price. Not moon bound anyway but............
I really hope I am wrong and everyone points and laughs at me.
There is nothing new anymore about a regulated exchange. And with the swedish ETN the Twinkletossers ETF has lost much of it's novelty. But they somehow get all the media and all the fat cats to listen to them. Often just to point and laugh, but listen they do.
Don't get me wrong. I still think a fully regulated ETF listed in NY is a big deal, just not as big as it was. And with the other exchanges, the ETN and general acceptance of BTC in financial circles, we don't need the Facepalm Bros to launch this mofo.
Sorry, but you are completely wrong here saying that the Swedish ETN ruins the COIN ETFs novelty. ETNs do not = ETFs, not even close
ETNs are not nearly as secure and transparent ETFs. ETFs actually hold the underlying asset being tracked and ETNs simply follow the price. This gives people much more confidence in using ETFs to earn returns versus ETNs. If the company that runs the ETN goes out of business the ETN would become worthless (ETN = unsecured debt), but with an ETF there are actual assets backing the investors purchases so they have much more security.
Exactly, if the price goes lunatic and makes new ATH the company issuing the ETN could go bankrupt as they eventually have to pay those gains out of their own pockets.
Which is why you should never invest in an ETN unless you know the company has a good credit rating and that the chances of bankruptcy are almost non-existent.
What if the Wink's Bitcoins get stolen? Does insurance cover the loss, and is there no way an insurance company could possibly wriggle off the hook of paying? I know it's not likely but nothing's impossible, no matter how good the Wink's security is there is always a risk of theft.
Good question. I am sure the SEC asked that question also. Its basically the same as the Gold ETF. Gold could get stolen also so there should be an insurance also, right?