Quote from: coinableS on May 10, 2015, 03:07:10 PM

Quote from: BitcoinIsLiberty on May 10, 2015, 02:50:40 PM

http://insidebitcoins.com/news/barry-silbert-plans-to-have-bitcoin-fund-traded-on-nasdaq-or-nyse/32161
Our plan is to have [the Bitcoin Investment Trust] listed on either NASDAQ or New York Stock Exchange as fast as possible. We have selected a law firm to go through the registration process with us, and we intend to file with the SEC . . . as soon as possible. We will then be in the same boat as the Winklevoss brothers.

Assuming they file right now would there be a chance they can beat COIN out the gates or would their filing have to go through the same long process?

Except COIN would be way more liquid as a true ETF instead of the trust that Barry hacked together to squeeze into the markets. Once both are available through major markets I'm pretty certain that most people would choose to trade COIN over GBTC. Time will tell!

Not necessarily. Both entities use trusts. GBTC has the same method of issuing / redeeming shares via baskets and authorized participants as COIN. It just doesn't work now because of the one year holding period. If they can get SEC registered, that problem goes away. And COIN has not yet disclosed what its fees are, at least on the latest S-1A.

So the end game could be the same, but in the meantime, Barry managed to hack together a solution that at least gets something trading.