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Re: What if Winklevoss' bitcoin ETF would be the same as Barry Silbert's GBTC
by
futureofbitcoin
on 06/04/2015, 01:21:55 UTC
What if Winklevoss Twins' bitcoin ETF (NASDAQ) would be the same as GBTC (Barry Silbert's Bitcoin Investment Trust, OTCMKTS):

1: NO trades two weeks after official launch, unlikely for ETF, because Winklevoss Twins can't wait to sell their bags (1 million shares = 100k bitcoins), so there would be sell orders soon as ETF goes live!

2: The ETF will only got less than total 75 bitcoins buy orders like GBTC does (GBTC only has 750 shares bid list = 75 btc demand http://www.otcmarkets.com/stock/GBTC/quote).

If thing comes out like this, does it mean neither wall street nor average joe is waiting to get in and in fact nobody care about bitcoin?



Why don't you ask hypothetical trolling questions with your main account instead of using a throwaway?


No offtopic bullshit talks, please answer the question itself.
Is "wall street or average joe can't wait to get in" a lie?

I won't comment on whether it's "a lie" or not. But to use a hypothetical question to arrive at a possible answer is just moronic. Seriously, you can do  better than that. There are tons of logically sound reasons why the ETF might not succeed. There are tons of logically sound reasons why bitcoin will not succeed.

Instead, you choose such a logically flawed question.