Quote from: Blitz on July 03, 2013, 11:23:56 PM

Quote from: bozak on July 03, 2013, 11:22:53 PM

This is the first time in a long time that bitcoin is a strong buy. Down 30% in the last few days, market cap well below 1 billion, and significant positive news in the last few days. I don't care how many negative articles are published about the Winklevii ETF, it is a positive for BTC long term.

There's a good chance it will never be approved.

"Good chance" is a bit strong from a wording perspective. I think it might take awhile, but no matter how you look at it, a BTC ETF is lower risk than a leveraged ETF. Leveraged ETFs have been mathimatically proven to lose value if you hold overnight. At least a BTC ETF is not guaranteed to decline in value. Additionally, the BTC ETF would be very similar to GLD and SLV which are very popular trading instruments and arguably led to significant increases in the value of the underlying commodities.