Keywords/phrases: Where bitcoin interfaces with the rest of the traditional financial networks: exchange-traded funds (ETFs). Bitcoin Investment Trust (GBTC). Bitcoin is sufficiently alien that it can’t be swallowed by the traditional financial system; they have no idea how to handle it because it doesn’t conform to expectations, counteracting controls, counterparties, risk management layers, checks & balances. They assume custody, oversight, and control, of which Bitcoin expresses none. What they have doesn’t work with what is new. Bitcoin is capable of having an ETF; ETFs are quite incapable of encompassing Bitcoin into the current regulatory system. That is a feature, not a bug.
This is part of a talk which took place on September 13th 2016 at the Silicon Valley Bitcoin Meetup in Sunnyvale, California: https://www.meetup.com/Silicon-Valley-Bitcoin-Users/events/232546018/
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What is bitcoin ETF? Why is there no video explaining it?
where can we go to see the whole of this talk?
What's the chance of the Winklevoss COIN ETF being approved?
1Broker.
Love the automobile analogy that is repeated so often. Perfect analogy for whats happening.