Re: Winklevoss COIN ETF to push price above 10,000

The Winklevoss Bitcoin ETF is set to go online at the end of 2014.

Is this a guess because the last I heard they were still trying to get the regulators to approve their ETF? Nobody had any idea how long the regulators would take to reach a decision, or if they would approve the ETF at all.

I heard the ETF would not be approved, it would be shot down by the commission

Why would it not be approved? The fact that the ETF will hold/track the price of bitcoin would not cause it to be not approved. There are several other ETFs that track non-traditional investments that had no issues in getting SEC approval. You should remember that the SEC does not endorse any investment they approve, they only check to make sure the disclosures and accounting falls within the law