Mrpumperitis
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May 07, 2015, 05:12:28 AM

About the chances of COIN being approved:

Eric Balchunas, Bloomberg 2014-12-22
Bond Kings, Bitcoin and China: Exchange-Traded Funds to Watch For in 2015

Quote
One hundred ninety-nine new ETFs launched in 2014, a 30 percent jump over 2013. That expanded the total ETF universe to 1,666. And there are 1,111 new ETFs in registration, awaiting approval from the Securities and Exchange Commission. Among them are ETFs that would be the first ever to track activist investors, short-squeezed stocks and Saudi Arabia. [ ... ] The most famous ETF filing of them all is the Winklevoss Bitcoin Trust (ticker-to-be: COIN). Any time a word is changed in the filing, it gets national media attention. COIN would purchase and store bitcoins in the same way that the SPDR Gold Shares ( GLD ) purchases and stores gold. The only difference is that the vault would be virtual. There is still doubt, however, that the SEC will approve the first-ever virtual asset ETF. The longer it sits in registration, the less likely it is to launch.

very interesting