Quote from: inca on January 18, 2015, 01:52:05 AM

Quote from: RyNinDaCleM on January 18, 2015, 12:28:32 AM

They have been trying to do this since 2012 and still haven't moved further along. Why would it change this year? The hoops to jump through are many, and the actual info (let alone positive info) are few and far between. It could happen, but don't base 20% of your annual prediction on this yet unknown.

Another thing, there is no proof that they will ever buy another Bitcoin for the fund. The net inflow would be to the ETF with the possibility of a bit of overflow into the actual underlying asset. I'm sure they will want to recoup some of their costs incurred over the last 2+ years, trying to make this a reality.

Given they are still 10x up on their initial investment of 100,000 coins I don't think costs are a major problem.

I would also mention that their attorney in this SEC battle is quite a heavyweight and knows her way around that whole neck of the woods. She's like the most well known champ in those circles so I highly doubt her credibility and pull won't eventually bring this thing to fruition. In other words, she's a bad bitch that knows how to get shit done and that's why they put her on the job. It's not a matter of if but when this thing pops off. So, place your bets on where this machine sends the price to as opposed to worrying about whether it'll see the light of day. We don't exactly have a gumshoe on the job here, ya know..! More like a sleuth or ace or the head of the entire line of work that all that indulge in think in awe of. Wink

If Johnnie Cochran can get OJ off of murder charges, then this broad can land a freaking ETF. Check her history in this line of work and you'll soon find it's in great hands.