Quote from: deisik on March 12, 2017, 03:19:13 AM

Quote from: Grdas130979 on March 11, 2017, 09:27:52 PM

It will help people who have a lot of money invested in assets to put some money easily in BTC ecosystem without the need to have a wallet, security etc. It will also give a sence of legitimize to BTC

People who have a lot of money could bitcoin without much hassle themselves and get done with that

Quote from: pixie85 on March 11, 2017, 08:11:33 PM

Not only for the brothers. I'm sure they had many wealthy investors lined up to go in. Many people would earn a lot of money if it got approved: bankers investors even small traders and if the price started to skyrocket, holders and small fish like me. This was only one of many attempts to establish a large investment platform. Now it's time to review the documents, and put money to work. Grease the gears of the machine if you know what I mean Wink

This is all empty talk

Even if this pathetic ETF was approved all the folks you mention (especially, big fish) wouldn't give a fuck about it. What does prevent the Winklevoss right now from trading their own bitcoins (all 100M dollar worth of them)? Do they need an ETF approval for that? Their logic behind the ETF application that they filed is as clear as a day. They just want profits from their Bitcoin investments (which is understandable). Apart from that, the wealthy investors don't need the twins at all. Or do you really think they would go for ETF if they could more easily go for bitcoins directly and not have to deal with the brothers altogether (read pay them a significant part of their profits provided there should be any)?

Damn right! Bitcoin can work as it had been since time. If can freely be traded for any currencies and can be used to buy goods already. Why is there the need for ETF when all the freedom is already along with it which is why its the very essence we always emphasize "Decentralized". It kept the price up even with ETF we're still good. We'd just complicate things if they are around. Let the government worry about bitcoin not us worrying about them.