Since the Winklevoss Twins Bitcoin ETF may not be on the market any time in the near future, how can I take retirement funds that currently reside in an E-Trade stock trading account (designated as an IRA account) to invest in BTC? As I understand it, to avoid tax penalties, you cant just cash out a retirement account (e.g. to just buy BTC over the counter), but instead I need to roll over funds to another designated retirement account. Anyone know of a tested strategy to get that retirement cash into bitcoin? SecondMarket's Bitcoin Investment Trust requires attestation of a rather steep >$200K/year income or having >$1M in net worth (excluding home) and I'm not even sure they do IRA accounts.
I see one of the "self-directed IRA" account companies equivocating on bitcoin:
http://www.silverstone.net/bitcoin-self-directed-ira/