Publicly traded Bitcoin funds are a bad idea. Retail investors should not be speculating on something this risky. http://m.us.wsj.com/articles/with-a-bitcoin-etf-risk-isn-t-virtual-1410120108 …
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Replying to @trengriffin
@trengriffin@cdixon i believe the theory is that it is for people who don't know/don't want to learn how to use, say, Coinbase to buy BTC3 replies 0 retweets 1 like -
Replying to @polemitis
@polemitis@trengriffin yeah I'm guessing it's a way to activate retail brokerage as a channel ... ?2 replies 0 retweets 0 likes -
Replying to @cdixon
@cdixon@polemitis A bitcoin fund is a compensation scheme for promoters masquerading as an asset class. Where's a benefit vs a direct buy?3 replies 0 retweets 3 likes -
Replying to @trengriffin
@trengriffin@cdixon If you don't think paid distribution will exist, please provide theory of why load mutual funds still exist in 2014 :)2 replies 0 retweets 0 likes
@polemitis @trengriffin @cdixon "opportunity to invest in the fund directly through their IRAs and 401(k)’s" http://cryptocrimson.com/2014/07/new-etf-looks-bring-bitcoin-401k/ …
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