Re: Winklevoss ETF update, what does this mean?

Well, here it is and it looks like Bitcoin all by itself.

http://www.sec.gov/Archives/edgar/data/1579346/000119312514457552/d721187ds1a.htm

"The Shares will consist of Bitcoin deposits" This ain't no S&P 500 index ETF. They're fucked. lol

I don't get it. Who is fucked? The investors? The Winklevii? Those who do not invest? The SEC? The pinstriped bandits? Please clue me in.

The Winkleiidouches. lol