Quote from: KenJackson on January 07, 2015, 06:18:20 PM

Quote from: QuestionAuthority on January 07, 2015, 03:56:09 PM

All of this is a moot point anyway. I don't see this ever getting past the SEC.

If the SEC allows Direxion's 3x leveraged ETFs (and they do), why on earth wouldn't they allow an ETF that follows bitcoin?

One of their prospectuses says they invest in futures contracts; opens on securities, indices and futures contracts; equity caps, floors and collars; swap agreements; forward contracts; short positions; reverse repurchases agreements; ETFs and other financial instruments.

Recognize those names? Some of them are the derivatives that caused the financial meltdown in 2008. Now you can meltdown too.

Or you can invest in bitcoin.

Because I'm not convinced that Wall Street and their puppet the SEC are particularly fond of Bitcoin.