Winklevoss-Backed Bid for Bitcoin-ETF Rejected by ...

Why the NYDFS regulations will be the next catalyst to bring us to the moon.

There has been a lot of speculation regarding this current rise in price, and what will happen next. We -should- see a slow rise in price for the next few weeks, until we have some news that sends things parabolic.
Lawsky will have regulations out by the end of the second quarter (as stated here multiple times): http://www.dfs.ny.gov/about/po_vc_03112014.htm
A lot of people on here don't understand how much of this works...
Yes, there will be your exchanges like Buttercoin, Circle and others that pop up for regular day to day users once regulations are released. These have already started to launch and accept limited users and don't necessarily have to wait for the NYDFS regulations before starting up. Lawsky has clearly stated that these types of "exchanges" can apply for their bitlicense, even before there is an actual application (all at the above link).
BUT... there are also an entirely different side to the "exchange" argument. In the traditional finance world (and soon to be in Bitcoin world), there are other exchanges that work behind the scenes as liquidity providers, or exchanges that exchanges/hft/wall street will connect into. An example of this is: https://atlasats.com/
What is an ATS? http://en.wikipedia.org/wiki/Alternative_trading_system
These will not go into operation until NYDFS has CLEARLY laid out the regulations in this area. Bitcoin is a new technology which clearly creates controversy, the last thing a company would want to do is put their business at risk by running full steam ahead into an unregulated space.
Many big banks and other exchanges will connect into ATS (and similar) exchanges, and we can already see that there are many instances of banks hiring and implementing Bitcoin:
http://www.coindesk.com/africas-largest-bank-trials-bitcoin-integration-system/
http://finance.fortune.cnn.com/2014/02/25/secondmarket-bitcoin-exchange/
https://www.usajobs.gov/GetJob/ViewDetails/367808700
http://dcmagnates.com/some-good-job-opps-involving-bitcoin-in-major-banks-and-u-s-treasury/
https://capitalone.taleo.net/careersection/usx/jobdetail.ftl?job=669299&lang=en
Putting all of these pieces together, I think it is pretty clear what the next steps for BTC are. Couple all of this with the Winklevoss and SecondMarkey ETFs coming online, and I think we are going to see a really interesting summer: http://www.businessinsider.com/secondmarket-public-bitcoin-etf-2014-3
submitted by nycgoat to BitcoinMarkets [link] [comments]

Bitcoin Winklevoss ETF the Game Changer Winklevoss Brothers To Create Bitcoin ETF - YouTube SEC rejects Winklevoss bitcoin ETF proposal for the second time Winklevoss Bitcoin ETF May Approve (2017/02/23) Bitcoin: Winklevoss ETF Files in New York

SEC Rejects Winklevoss-Backed Bitcoin ETF; Claims Possibility of Manipulation Jul 27, 2018, 6:13PM. Regulation 1 min, 56 sec READ. by Rahul Nambiampurath. The SEC announced a decision to reject the Winklevoss’ second proposal for a Bitcoin ETF arguing it does not fully comply with the Exchange Act. The United States Securities and Exchange Commission (SEC) has rejected the Winklevoss twins ... The agency said it would not approve the first-ever bitcoin ETF because the digital currency isn't "resistant to manipulation." The Winklevoss twins own cryptocurrency exchange Gemini Trust, where ... The Winklevoss Bitcoin Trust would be the first publicly-listed bitcoin ETF. The trust is owned by Math-Based Asset Services, LLC, an entity set up by the Winklevoss twins. The Trust famously beat the Winklevoss brothers’ bitcoin ETF to market and drew significant column inches as a result. The Winklevoss ETF (for some strange reason associated possibly with risk ... Bitcoin fell after the U.S. Securities and Exchange Commission rejected a request to list an exchange-traded fund run by Tyler and Cameron Winklevoss, showing the regulator remains skeptical that ...

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Bitcoin Winklevoss ETF the Game Changer

Winklevoss twins have filed the necessary documents to have the SEC approve an ETF that tracks Bitcoin the crypto currency. WSJ follows the story and sheds light on the Winklevi past with Bitcoin. Winklevoss Twins Look to Create Bitcoin ETF - Duration: 2:36. Bloomberg 2,035 views. 2:36. Language: English Location: United States Restricted Mode: Off History Help About ... Five Reasons the Winklevoss Bitcoin ETF Should Be Approved 1. Look at the premium and spread of the Bitcoin Investment Trust. Right now, bitcoin-exchange-ave... Winklevoss Bitcoin ETF rejected, will we get a crash or a ghastly slow drawn out grind ... So could we be in a bear market rather than in a market about to c... The ETF that Winklevoss Trust soon launches will create bridge between conventional stock market and bitcoin. Exact same case applies to the SPDR gold ETF share that skyrocketed the gold price 400 ...

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