2018-7-27 20:51 |
Presumably a lot of people who want to buy Bitcoins want to buy Bitcoins, but a lot of people don’t.
They just want to buy Bitcoins in their brokerage accounts, their retirement accounts; they want to buy Bitcoins like they’d buy a stock.
The Winklevoss twins have been pushing a Bitcoin ETF, which would trade on the Bats exchange and would be linked to Bitcoin trading on their own Gemini exchange, for a while now.
Basically it asked Bats (which would have listed the ETF), what if Bitcoin prices are manipulated?
Then if you buy Bitcoins through the Winkle-ETF, you will get a price that doesn’t reflect fundamental supply and demand for Bitcoin.
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