News for hackers. Stuff that matters.
Re:Winklevoss twins to offer Bitcoin ETF by trotsky on Monday July 01, 2013 @10:08PM (#5975315)
What exchange is going to list a fund that trades an unregulated market? The potential for manipulation is off the charts.
Re:Winklevoss twins to offer Bitcoin ETF by scarletham on Monday July 01, 2013 @10:43PM (#5975473)
GLD, the largest gold based ETF, holds bullion. Gold bullion trades in the unregulated OTC markets.
Re:Winklevoss twins to offer Bitcoin ETF by trotsky on Monday July 01, 2013 @10:58PM (#5975536)
There are plenty of US regulations that apply to gold: purity, weight standards, futures regulations, security standards, etc. And i'd be pretty surprised if they didn't trade through COMEX or use them or someone similar for clearance or bonded storage.