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Can someone make an ETF for Bitcoins please? This would help liquidity a lot IMO and also help the competition of the exchanges to get rid of the above-the-mark
by noname123 13y ago
Can someone make an ETF for Bitcoins please? This would help liquidity a lot IMO and also help the competition of the exchanges to get rid of the above-the-market withdrawal fees.
I'm thinking not even a real ETF as in having real market participants that can redeem shares. Even if someone can incorporate a small corporation, have a initial offering of a million shares at 10 dollars. That's a $100 million dollar worth of BTC that one can trade in the over the counter market. I don't mind paying the 0.5% administration fee whatever.
Reddit thread where people discuss this idea: http://www.reddit.com/r/Bitcoin/comments/19hxuv/bitcoin_etf/ http://www.reddit.com/r/Bitcoin/comments/19hxuv/bitcoin_etf/
EDIT: Apparently, there are already shell companies listed on OTC for sale so that one can simply take over their tickers instead of filing all of the paper-work.
http://www.mergernetwork.com/index/public-shell-companies-for-sale/; http://www.mergernetwork.com/index/public-shell-companies-fo... Can someone buy one and then maybe put another 100K worth of Bitcoins as assets? Or raise funds via Kickstarter?
- contingencies 13y agoCheck out http://kraken.com/ http://kraken.com/ which is currently in beta. (Disclaimer: Owned by my employer... but 2+ years development, it should bring something new to the area.)
- maaku 13y agoWhat does margin trading have to do with an ETF?
- contingencies 13y agoTrading feature: https://en.wikipedia.org/wiki/Margin_trading https://en.wikipedia.org/wiki/Margin_trading Thing to be traded: https://en.wikipedia.org/wiki/Exchange-traded_fund https://en.wikipedia.org/wiki/Exchange-traded_fund Place to trade with said feature on arbitrary things: http://kraken.com/ http://kraken.com/