Bitcoin ETF Will Be Approved, One Way or the Other


Jeff John Roberts on Fortune has a good write-up of the imminent SEC decision (probably today) on the Winklevoss ETF. Those of you thinking about finding a way to invest in BTC without all the hassles of actually buying it may soon be able to buy it on the market, I think one way or the other.

Some takeaways:

While there are plenty of places to buy bitcoin, many investment funds can only hold assets that meet certain regulatory standards—such as approval from the SEC.

Pessimists… can point to two sets of concerns that could lead the SEC to give the thumbs down. The first of these relates to how the Winklevoss intend to run the operation. Some people are uneasy that the proposed ETF would use Winklevoss-controlled businesses to source and store the bitcoins that would back the shares.

If the SEC says no, it will have a negative effect, though probably not a very dramatic one. The reason is there are two other ETF application[s] before the agency.

…there is a general feeling that approval for a bitcoin ETF of one type or another is inevitable, and so a rebuff by the SEC to the Winkelvoss proposal would only be a temporary setback.

One of the other 2 apps in front of the SEC includes an ETF that proposes to insure it’s assets.

It’s not a matter of if any longer. It is simply a matter of when.

S1:E6, Todd Whatley, The Elder Law Practice

H. Todd Whatley, The Elder Law Practice.

Estate-Planning-Graphic-copyThis episode is with Todd Whatley, one of only 500 certified elder law attorneys in the United States. This is one of the most interesting podcasts I’ve done so far, and the information Todd provides is very useful for all of us.
The term “elder” is a bit misleading. Regardless of your age or your income, you can start planning for protecting your assets and enjoying life. It doesn’t really matter if you are 30 or 80 years old, there are important lessons to be learned, regardless of the size of your estate.
Todd’s website is rich with information, his weekly radio show podcasts, and a link to the live broadcast of his show every Wednesday at 9am (Central) on KURM.
Make sure to stay past the movies and other non-topic stuff, because there is a story at the end.

Amazon Echo links:

Movies:

Vacations

Larry Elison Hawaii Island – Lania (in the podcast I mistakenly said Kaui)

S1:E5, Steve Nordyke

Steve Nordyke

Steve Nordyke

Steves Little Boat2

Steve’s Maverick 18′ Master Angler

Steve's Big Boat

Steve’s Bertram 30 Moppie

Steve is a Commercial Real Estate Asset Manager with Torchlight Investors in Miami. He lives on the water in beautiful downtown Fort Lauderdale, “The Venice of America”. He has a beautiful family, and is truly living the lifestyle he planned. We talk about Fort Lauderdale, the band Rush, movies, and music.

Steve’s home is on the New River, surrounded by all sorts of skiffs, boats, and yachts. For some reason, I was too busy thinking about the podcast to take but one picture:
Photo of New River in Fort Lauderdale, from Steve's patio where we recorded the podcast.

Photo of New River in Fort Lauderdale, from Steve’s patio where we recorded the podcast.

New River that runs through the heart of Fort Lauderdale.

A member of the band Better Than Ezra (Wikipedia; Amazon) was hanging out with Steve and Rush in Monroe, Louisiana.

Movies:

The Hunger, David Bowie & Susan Sarandon
1937_Cord_GTO_Westchester_(6097100243)
220px-Duesenberg_Convertible_SJ_LA_Grand_Dual-Cowl_Phaeton_1935

Music Streaming:

Food:

Mohawk Tavern, Monroe, LA
Pauls Meat Market – Andouille sausage, Fort Smith, AR

Boating in Maui:

T2_West Maui
Trilogy – great service!