The ETF fever might be making a comeback as SEC places itself in the spotlight once again following its decision to review their rejection of the bitcoin ETF. Heat now might be turned up a notch as the new kid on the block, ethereum, is trying its luck too, in a bid for Wall Street.
Joseph Quintilian and Gregory DiPrisco have founded EtherIndex which is to act as a trust for an Ethereum ETF with Coinbase acting as a custodian and price based on GDAX while Kraken is to act as back-up, both regulated exchanges.
Not much is known about the two, but Quintilian appears to be a Wall Street banker or trader, seemingly very well connected and apparently politically involved. He is a board member of Concord 51, a political action committee that targets young professionals, and, according to their LinkedIn, “not just the young Republican establishment, but also the unengaged.”
https://www.cryptocoinsnews.com/ethereum-bids-wall-street-etf-application/
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The SEC can fight crypto currency as much as they want right now. But soon they are going to be pushed into accepting it by the world market. Companies like #MGTI and #Steem are going to be the wave of the future.
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Agreed
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