SEC still considering a Bitcoin ETF

[Pekelo]

"The US Securities and Exchange Commission has quietly begun considering two Bitcoin ETF proposals, public documents show.

ProShares Bitcoin ETF and ProShares Short Bitcoin ETF would each hold Bitcoin futures contracts, providing retail investors with the ability to indirectly invest in the flagship cryptocurrency - or bet against it - through a familiar investment product.

Last month, Chris Concannon, president of CBOE, penned a letter to the SEC asking them to consider Bitcoin ETF proposals on a case-by-case basis rather than as a product class."

 

[maximumpossiblesuffering]

"The US Securities and Exchange Commission has quietly begun considering two Bitcoin ETF proposals, public documents show.

ProShares Bitcoin ETF and ProShares Short Bitcoin ETF would each hold Bitcoin futures contracts, providing retail investors with the ability to indirectly invest in the flagship cryptocurrency - or bet against it - through a familiar investment product.

Last month, Chris Concannon, president of CBOE, penned a letter to the SEC asking them to consider Bitcoin ETF proposals on a case-by-case basis rather than as a product class."

Maybe this will help prop up Bitcoins price. Perhaps the Fed will provide some TARP funds to Bitcoin as well.

Even better, maybe the Germans will get Switzerland to peg their currency to Bitcoin!

Absent these moves, it is hard to get excited about Bitcoin’s prospects. Still, if there are investment banks still holding a significant amount of Bitcoin, they will likely find a way to dump it at a favorable price

 

[zdreg]

" if there are investment banks still holding a significant amount of Bitcoin, they will likely find a way to dump it at a favorable price."
you have made the case for investing in Goldman Sachs.