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When you say "I won't have to worry about the security of my coins"... I think you've got this backward. There's nothing more secure than a paper wallet that has been generated offline. Bitcoin was created as a way to avoid the need to trust a third party. If you don't believe that's necessary, then you're just trading it hoping to make USDs, not because ...


5

A Bitcoin Trust fund registration statement was filed today with the Securities and Exchange Commission. If approved it would be the first Bitcoin ETF you can trade in the market. UPDATE: The Bitcoin ETF was not approved. As discussed further below, the Commission is disapproving this proposed rule change because it does not find the proposal to be ...


3

There is currently no ETF that allows the trading of bitcoins. The idea of a bitcoin ETF has been suggested before, however nobody has set one up as of yet. The main reason being that to do so would be very complex, requiring a large amount of money and legal advice.


2

ETF BTC Fees expense ratio, trading, and commission transaction fee Taxes IRA/401K protection post-tax, and capital gains? Liquidity broker hours seller/buyer demand Minimums one share one satoshi + tx fee Another way I would ...


2

As far as I know, there is no such ETF as of today. However, the recent spike is likely to spark even more the interest of the best ETFs issuers out there (Vanguard, iShares...). It is not complex at all, actually it would be very cheap compared to setting up traditional ETFs. The fund would just have to keep bitcoins in an offline wallet held in a secure ...


2

Normally, ETFs define a "Creation Units" (CU), for which they are exchangeable electronically with the ETF administrator. If the size isn't be practical for a retail investor, then the value of any discrepancy is eventually captured by HFT arbitrageurs, thus forcing the prices into alignment. This tends to be very effective in keeping the prices within ...


2

You don't get the bitcoins themselves. Your investment fluctuates in response to the exchange rate. From the brothers W: The investment objective of the Trust is for the Shares to reflect the *performance* of a weighted average price of Bitcoins, less the Trust’s expenses. In other words, if the average exchange rate USD/BTC is $230, and you buy $...


2

Is it necessary to build [Exchange Traded Funds] over block-chain technology? No. in case the answer is no, why? Imagine an ETF based on stocks in gold mining companies. Those companies own open-cast mines and rock-crushing machines. An exchange can buy and sell shares, or funds based on those shares without directly themselves operating any open-cast ...


1

An Investor's Business Daily article discusses why GBTC's value does not match the value of the Bitcoins held in the fund. It says that GBTC is not an ETF - it is a grantor trust. It is not registered with the SEC [...] and it doesn't trade on an exchange. It trades on the over-the-counter market, which has less stringent participation rules than ...


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