[2016-09-10] Why the First Bitcoin ETF Could Double the Price of Bitcoin

[LiteCoinGuy]

Why the First Bitcoin ETF Could Double the Price of Bitcoin

The arrival of the first Bitcoin ETF will have a bigger impact on the Bitcoin price than even most of the digital currency's supporters suspect.

And that moment isn't far away. The Winklevoss Bitcoin Trust (BATS: COIN) exchange-traded fund is in the final stages of its SEC approval process.

http://moneymorning.com/2016/09/09/why- ... f-bitcoin/


double within 1-2 years but after that it will not stay that low

[aliona]

And what would this ETF invest in? Stocks?

[LiteCoinGuy]

And what would this ETF invest in? Stocks?

well, it is a bitcoin etf so it will invest in - bitcoin!

alot of institutional investors dont want to deal with securing the bitcoins and buying them on a normal exchange. this ETF vehicle will give them an easy and fast way to buy bitcoin.