The Gemini Bitcoin exchange, one of several Bitcoin-related projects that the Winklevoss twins have in the pipeline, has obtained two key approvals from New York regulators.
Such regulatory approval is needed to build investor confidence in the Bitcoin exchange. But Gemini also has features tailored to institutional investors.
Here’s what will make the Winklevoss Bitcoin exchange so attractive…
The Gemini Bitcoin exchange, one of several Bitcoin-related projects that the Winklevoss twins have in the pipeline, has obtained two key approvals from New York regulators.
Such regulatory approval is needed to build investor confidence in the Bitcoin exchange. But Gemini also has features tailored to institutional investors.
Here’s what will make the Winklevoss Bitcoin exchange so attractive…
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The Gemini Bitcoin exchange, another Bitcoin-related Winklevoss twins project, took a major step forward last week.
Cameron and Tyler Winklevoss filed an application with the New York State Department of Financial Services (NYSFD) for the Gemini Bitcoin exchange to operate as a trust company.
Here's why the Gemini Bitcoin exchange matters...
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Looking for the Bitcoin stock symbol is not as straightforward as you might think.
Technically speaking, there's no such thing as a "Bitcoin stock symbol," although there are several tickers associated with Bitcoin.
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A rapid-fire string of good news over the past week has help nudge up the price of Bitcoin.
A week ago the Bitcoin price was hovering around $225, somewhat disappointing since just six weeks earlier it was threating to break through the $300 level.
But then we started to get some major positive Bitcoin news. Over the past few days, the Bitcoin price is up about 7%, trading in the neighborhood of $240
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The first Bitcoin ETF ordinary investors can buy will be the Bitcoin Investment Trust.
With approval last week from the Financial Industry Regulatory Authority (FINRA) to sell its shares on the OTC Markets, shares should start trading within the next couple of weeks.
The fund gives investors a way to invest in Bitcoin without going to the trouble of buying Bitcoin and worrying about having a secure place to store it.
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Taking one step closer to going live, the Winklevoss Bitcoin ETF filed an amendment Dec. 30 to its Securities and Exchange Commission (SEC) prospectus to list 1 million shares at an offer price of $20.09 per share.
If approved, the aggregate value of the shares will be $20.09 million.
Officially known as the Winklevoss Bitcoin Trust, this exchange-traded fund is intended to be an easy way to invest in Bitcoin.
Here's what we know about the Winklevoss Bitcoin ETF so far...
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For people having a hard time grasping what Bitcoin is all about, deliverance is at hand.
A new Bitcoin documentary - “The Rise and Rise of Bitcoin” - makes this abstract form of money easier to understand. And you don’t need to be a geek to get something out of it.
Along the way, “The Rise and Rise of Bitcoin” also does a thorough job of detailing the history of Bitcoin, beginning with its creation by the mysterious Satoshi Nakamoto.
But here’s the reason why this film matters…
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A major stumbling block to wider Bitcoin adoption was removed today (Friday) with the launch of the first regulator-approved U.S. Bitcoin derivative.
Summit, N.J.-based TeraExchange announced that trading of U.S. dollar/Bitcoin swaps started today following approval by the Commodity Futures Trading Commission (CFTC).
The availability of a Bitcoin derivative means businesses will be able to hedge against the risk of Bitcoin price volatility, which had made many merchants reluctant to accept the digital currency.
But that’s not all this new Bitcoin instrument will do…
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While everyone wants to know why the Bitcoin price is falling, no one is panicking.
There are many reasons for that, such as the rising number of merchants accepting Bitcoin and the millions of dollars in venture capital that continue to pour into Bitcoin startups.
But the latest crash in the Bitcoin price took many by surprise, as it followed weeks of stability. So what happened?
It turns out the most likely explanation is one that most seasoned investors will recognize...
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In another sign that the Winklevoss Bitcoin ETF is making slow but steady headway, the latest amendment to the fund's S-1 filing with the U.S. Securities and Exchange Commission (SEC) reveals that its ticker symbol will be "Nasdaq: COIN."
Formally known as the Winklevoss Bitcoin Trust, the fund will make investing in Bitcoin as easy as buying shares of stock. Now there's just one question that remains to be answered:
When will investors be able to buy the Winklevoss Bitcoin Fund?
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With the Winklevoss Bitcoin ETF and SecondMarket's Bitcoin Investment Trust just months away from approval, it may be time to consider the addition of a Bitcoin fund to your retirement account.
Bitcoin, you see, can easily be considered an "alternative" investment. Many retirement investing experts advocate setting aside up to 10% of a portfolio for alternative investments, which covers almost any investment outside of stocks, bonds, or cash.
Here’s why a Bitcoin fund just may be the ideal alternative investment for your retirement account…
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Investors hoping to get a piece of the Bitcoin price surge are getting anxious waiting for the Winklevoss Bitcoin ETF to hit the market. And an inevitable consequence of the growth of the Bitcoin economy is a proliferation of other Bitcoin investments.
Some of these will be outright fraud; efforts to trick the unsuspecting by offering an investment in Bitcoin that doesn't exist, or some similar chicanery.
But in the rush to raise money for exciting new projects, even well-intentioned folks have gotten themselves - and their investors - into some sticky situations.
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One of the best ways to invest in Bitcoin will be via the Winklevoss Bitcoin Trust exchange-traded fund (ETF), which is currently awaiting regulatory approval by the Securities and Exchange Commission (SEC).
Still, because the Winklevoss Bitcoin ETF will be based on a digital currency, there will be some quirks unique to this investment.
Here are answers to some of the questions investors are bound to have...
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The Winklevoss Bitcoin ETF is still awaiting regulatory approval from the Securities and Exchange Commission, but now we know that when the time comes it will debut on the Nasdaq exchange.
Most observers expect to the Winklevoss Bitcoin Trust - the fund's official name - to be approved by the end of the year. It's just one sign of growing Wall Street interest in investing in Bitcoin and Bitcoin funds.
And as Wall Street gets more involved in the digital currency, things will start to change rapidly…
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One of the things holding many people back from investing in Bitcoin is the technical knowledge required to buy and sell the actual Bitcoins. But the Winklevoss Twins are about to change all that when their Bitcoin ETF gets approved by the SEC later this year.
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