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Bitcoin ETF is “A Turning Point”

Posted on 11 August 2014

Considering that Bitcoin is a digital currency, it has been commended for its capacity to dodge traditional transaction networks, and therefore it functions as a peer-to-peer, independent payment solution. While the concept may be seen as revolutionary, detractors made sure to point out that lack of regulation triggers, uncertain security measures and volatile price swings. Thus far, the uncertainty has barred Bitcoin from turning into a mainstream investment class for speculative traders.
To break down barriers, the acclaimed Winklevoss brothers, filed SEC documents in an attempt to register the first Bitcoin related ETF, named the Winklevoss Bitcoin Trust. There are many questions concerning the feasibility and role of the Bitcoin Trust ETF, however. The fund, which is still in awaiting SEC approval, has stirred things up……………………………………..Full Article: Source


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VRS - who has written 39041 posts on Opalesque Commodities Briefing.


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