Officials from the U.S.Securities and Exchange Commission (SEC) reportedly met with the Winklevoss twins on Feb.14, said Bloomberg, to discuss their proposal for a bitcoin exchange–traded fund.The SEC has until Mar.11 to reach a decision.SEC approval could be a major milestone in the journey toward bitcoin legitimacy.Additionally, it could flood the bitcoin ecosystem with additional cash.Some $300 million could flood the bitcoin ETF during its first week, Spencer Bogart, head of research at venture capital investor Blockchain Capital, was quoted as saying in an interview.Already, the prospect of a bitcoin ETF has investors betting big on the digital currency.At the time of writing, bitcoin’s market cap was currently well over $20 billion, and its value had risen to $1,270.23, up 3.27 percent from Wednesday (Mar.As bitcoin rose, TechCrunch noted that the value of 1 BTC had actually surpassed the value of a troy ounce of gold — the go-to alternative asset.The Winklevoss twins’ Bitcoin Trust is just one of three proposed ETFs that could track the value of bitcoin.

The irony here, of course, is that notions of cryptocurrency began as a means to decentralize value stores to sidestep institutional oversight.How bitcoin will fare if and when introduced to the market is anyone’s guess for now — though experts have raised some concerns.Some are worried, for instance, about security risks surrounding a bitcoin-based ETF given the cryptocurrency’s rocky history.In February 2014, Mt.Gox shuttered its business after a mysterious “glitch” caused some $500 million worth of bitcoin to go missing.Most of those bitcoins have never been recovered.Others simply don’t think bitcoin fits the ETF mold.Ben Johnson, director of global ETF and passive strategies research at Morningstar Inc., was quoted as saying in an interview,“Bitcoin is not a stock, it’s not a bond, it’s not a hard asset like precious metal, it’s not a commodity future.It’s a technology that’s very much in its infancy, and it’s not something that in my mind lends itself to being packaged as an ETF.”

Get email alerts SEC kicks the bitcoin ETF approval decision down the road The SEC is seeking more public feedback on the proposed ETF, which would be the first to track the digital currency Tyler Winklevoss, left, and Cameron Winklevoss during TechCrunch Disrupt in New York City in May 2015.infinite coin bitcoinThe Securities and Exchange Commission late Wednesday declined to make a ruling on a bid to launch what would be the first exchange-traded fund that exclusively tracks the digital currency bitcoin.ethereum pool bestThe regulator said it was instead seeking additional public feedback on the proposal.raspberry pi bitcoin projectThe decision is the latest delay for Tyler and Cameron Winklevoss, whose proposed ETF is designed to trade baskets of shares tied to the digital commodity.bitcoin documentary china

The twin brothers have been among the most public advocates for a bitcoin ETF, having first announced plans for one in 2013.lost bitcoin wallet keyThe pair also run both WinkDex, a bitcoin price index, and Gemini, a bitcoin custodian and exchange.bitcoin buy krakenA spokesperson for Winklevoss Capital declined to comment.litecoin software downloadRead: Here’s one easy way to get exposure to bitcoin ahead of the Winklevoss ETF The SEC’s request for additional feedback follows earlier public comments that debated the stability of bitcoin, which has been notoriously volatile in price, as well as any potential conflict of interest between the proposed ETF and Gemini.bitcoin paypal coinbase

“The Commission requests that interested persons provide written submissions of their views, data, and arguments with respect to the issues identified above, as well as any other concerns they may have with the proposal,” the SEC wrote in a filing.ethereum eth or etcAccording to SEC rules, those who want to provide feedback have 21 days from the Oct.12 publication of the document to do so.Responses to the feedback can be filed 35 days after that.The Bitcoin Investment Trust GBTC, +3.34% was volatile on Thursday, moving between a drop of 1% and a gain of 1%.The trust trades on the over-the-counter market and operates as a private, open-ended trust that invests solely in bitcoin.The value of the trust’s shares are entirely derived from price moves in bitcoin.GBTC 30 yr fixed Jumbo 30 yr fixed 15 yr fixed 10 yr fixed 30 yr fixed refi 15 yr fixed refi 5/1 ARM 5/1 ARM refi $30K HELOC $50K HELOC $75K HELOC $100K HELOC $30K Home Equity Loan $50K Home Equity Loan $75K Home Equity Loan $100K Home Equity Loan 5 yr CD 2 yr CD 1 yr CD MMA $10K+ MMA $50K+ MMA Savings MMA Savings Jumbo 60 Mo Used Car 48 Mo Used Car 36 Mo Used Car 72 Mo New Car 60 Mo New Car 48 Mo New Car 60 Mo Auto Refi 36 Mo Auto Refi Avg.

APR Last Week 6 Months Low Interest 12.80% 12.73% 12.09% Business 13.74% 13.66% 13.24% Student 14.98% 14.89% 13.51% Balance Transfer 15.19% 15.13% 14.51% Airline 15.88% 15.77% 15.22% Reward 16.02% 15.95% 15.33% Cash Back 16.12% 16.09% 15.41% Instant Approval 18.32% 18.32% 17.88% Bad Credit 23.29% 23.23% 22.92%Where Is Bitcoin Headed?3 Industry Experts Chime InMay.1.17 | Winklevoss Bitcoin (COIN) The cryptocurrency industry had a busy week.The bitcoin market, not surprisingly, took center stage when the SEC announced that it would review its decision to reject the Winklevoss Bitcoin ETF (Pending:COIN).The price of bitcoin plunged when the decision was initially announced in March but has since rebounded to set new highs over $1300.No word on when the new decision will be made but it seems like the odds of getting the bitcoin ETF approved are as high as they've been at any point.

Also fueling interest in bitcoin was news that Japan was officially recognizing bitcoin as a legal currency.China has been less apt to accept bitcoin and announced that it would take a 0.2% fee on any bitcoin related transaction.With all of this going on, I was able to get some brief commentary from three experts within the cryptocurrency space talking about where they think bitcoin is headed in the near future.Simon Yu is the CEO of CakeCodes, whose BitMaker app allows users to earn bitcoin by testing games and apps.Perry Woodin is the CEO of Node40, the blockchain tech company that offers digital currency accounting services.Doug Miller is the VP of Business Development for KeepKey, a company that creates hardware wallets for cryptocurrencies such as bitcoin and ethereum.Simon Yu, CEO of CakeCodes said: The astronomic price growth of bitcoin signals the increasingly widespread acceptance of digital currency in general.The market has now recognized that bitcoin is a better store of value than gold, being particularly useful in facilitating and securitizing financial transactions.

As regulators and countries catch up to the growing demand and legally acknowledge bitcoin as legal tender, we can only expect the price to follow.Perry Woodin, CEO of Node40 said: Bitcoin has been on a great run this year but I attribute the very recent growth to the SEC reconsidering its decision to deny the Winklevoss bitcoin ETF proposal.This is the latest in a string of good news stories for the world's most valuable digital currency, which has also been accepted as a legal form of payment in Japan.I am also of the opinion that the entire digital currency industry is on a tear at the moment, which has pushed bitcoin's price up.Dash is up big, so too Ethereum, and I see an alt coin ETF becoming a reality in the not too distant future.Doug Miller, VP of Business Development for KeepKey said: Bitcoin has momentum; more and more people and businesses are becoming aware of how important this form of payment and investment is becoming.With supply being low and demand being high, this is a great formula for bitcoin's rising value.