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Winklevoss twins to offer Bitcoin ETF

sec.gov

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Re: Winklevoss twins to offer Bitcoin ETF

#8

Post by dangero »

justincormack wrote: post #3

If you want to invest in bitcoins why not just buy some? An ETF makes no sense...

As someone outside, I have the impression that buying bitcoins is a bit of a pain, plus once I have them I have to keep track of them.

Buying into the market through my already existing brokerage account is much more user friendly especially for non tech people. Bitcoin value is highly speculative at this point, and that means a lot of people will be wanting to get a piece of the action without really understanding how it works. Asking why they don't just buy some directly is kind of like asking why you'd buy a gold ETF instead of buying gold.

Re: Winklevoss twins to offer Bitcoin ETF

#9

Post by aclevername »

justincormack wrote: post #3

If you want to invest in bitcoins why not just buy some? An ETF makes no sense...

Small retail investors that see Bitcoin in WSJ, FT, etc. sit around and say "Hey! I want some of that," and their neighborhood financial planners don't know enough about it (and are not incentivized) to get them to directly buy Bitcoins. An ETF would give exposure to Bitcoin to these Baby Boomer retirement types, of which there are many.
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