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Offline speedy

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ETF for BitUSD
« on: November 15, 2014, 09:41:57 PM »

The Winklevoss twins will someday have their ETF for Bitcoin. That kind of ETF has a very high risk profile - Bitcoin has collapsed 64% this year.

I think a combination of BitUSD and BTS could be a much more attractive proposition for a safe ETF. You could make it a combination of 90% BitUSD to capture the 5-10% yield, and the rest BitShares. Even if BitShares collapses 50%, the fund would still break even on the yield. That's the kind of safe investment that many people would be interested in.

There are companies out there that help you bring an ETF to market quickly, for example http://www.etfcanvas.com/ if anyone wants to do it.

Good idea?
« Last Edit: November 15, 2014, 09:54:55 PM by speedy »

zerosum

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Re: ETF for BitUSD
« Reply #1 on: November 15, 2014, 10:12:51 PM »
The Winklevoss twins will someday have their ETF for Bitcoin. That kind of ETF has a very high risk profile - Bitcoin has collapsed 64% this year.

I think a combination of BitUSD and BTS could be a much more attractive proposition for a safe ETF. You could make it a combination of 90% BitUSD to capture the 5-10% yield, and the rest BitShares. Even if BitShares collapses 50%, the fund would still break even on the yield. That's the kind of safe investment that many people would be interested in.

There are companies out there that help you bring an ETF to market quickly, for example http://www.etfcanvas.com/ if anyone wants to do it.

Good idea?
Actually great idea, if somebody does it.

Offline luckybit

Re: ETF for BitUSD
« Reply #2 on: November 15, 2014, 11:01:05 PM »
This is a senseless idea. Why would anyone want a BitUSD ETF?
Just use regular USD.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

zerosum

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Re: ETF for BitUSD
« Reply #3 on: November 15, 2014, 11:08:59 PM »
This is a senseless idea. Why would anyone want a BitUSD ETF?
Just use regular USD.

The only post I see in this thread that does not make sense in my view is the quoted post of yours.

Offline speedy

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Re: ETF for BitUSD
« Reply #4 on: November 15, 2014, 11:11:47 PM »
This is a senseless idea. Why would anyone want a BitUSD ETF?
Just use regular USD.

You would buy into a BitUSD ETF if you wanted exposure to the yield, which is better than a regular bank's interest rate. The Winklevoss twins want to allow anyone with a brokerage account to have access to Bitcoin - same reason applies here.

There could be different combinations of BitUSD and BTS, for example 90% or 50%, depending on how much of a steady return you want. The Bitcoin ETF cant give you that.

If this ETF were up and running and capturing yield for its holders, it would show how the BitShares system preserves value (transaction fees) efficiently and doesn't waste it like Bitcoin does.
« Last Edit: November 15, 2014, 11:19:36 PM by speedy »

Offline luckybit

Re: ETF for BitUSD
« Reply #5 on: November 15, 2014, 11:42:10 PM »
This is a senseless idea. Why would anyone want a BitUSD ETF?
Just use regular USD.

You would buy into a BitUSD ETF if you wanted exposure to the yield, which is better than a regular bank's interest rate. The Winklevoss twins want to allow anyone with a brokerage account to have access to Bitcoin - same reason applies here.

There could be different combinations of BitUSD and BTS, for example 90% or 50%, depending on how much of a steady return you want. The Bitcoin ETF cant give you that.

If this ETF were up and running and capturing yield for its holders, it would show how the BitShares system preserves value (transaction fees) efficiently and doesn't waste it like Bitcoin does.

The yield isn't really that good. There are investments which give 10% or even 20% a year.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline nomoreheroes7

Re: ETF for BitUSD
« Reply #6 on: November 16, 2014, 12:44:54 AM »
The yield isn't really that good. There are investments which give 10% or even 20% a year.

I have to ask: examples? And would these be as risk free as BitUSD (once the system fully matures)?

Offline BTSdac

Re: ETF for BitUSD
« Reply #7 on: November 16, 2014, 05:00:14 AM »
it is good channel for public to invest bitusd/BTS
github.com :pureland
BTS2.0 API :ws://139.196.37.179:8091
BTS2.0 API 数据源ws://139.196.37.179:8091

Offline Mysto

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Re: ETF for BitUSD
« Reply #8 on: November 16, 2014, 07:40:10 AM »
Wouldn't it be easier, cheaper and more efficient to just buy 10% of BTS and 90% of bitUSD?

 

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