Do We Need a Bitcoin ETF?

The press has been very negative and derogatory towards the "Winklevii" twins and their effort to get a Bitcoin based ETF started. A small sample of the large number of negative press articles from trusted financial sources is included at the end of this statement.

However, one camp is arguing that while these are trusted financial experts, they have no clue about what Bitcoins are and how they work, and that the arguments they are using are full of ignorant mistakes. The assertion is that there is an emerging, obviously still minority intelligent expert consensus, including the Winklevoss twins, that sees a very different future than what these popular assumed ignorant bleating masses see.

Either way, if there is something to what these negative traditional "Financial experts" are saying, they should be able to 'canonize' their reasoning, find out which of the arguments they are using are accepted by other experts as not mistaken reasoning (no experts would be willing to support mistaken arguments). But if there is a much more justified still minority expert consensus about what Bitcoins are, that is lost in all this mistaken popular bleating noise, this expert consensus should be able to stand out, in comparison to any other POV, in this survey topic.

If you would like to see such an ETF fund, and more importantly, if you'd like to invest in such, this is where you can communicate this or any other view, concisely and quantitatively, amplifying the wisdom of the crowd.

• Knight Capital's Browne Would Stop Bitcoin ETF 'Right at the Front Door'
• Schafer: Bitcoin fund doesn't make a bit of sense
• Bitcoin ETF: Get Ready For Bubble Mania
• Why Bitcoin Prices Are Stuck In A Holding Pattern Acknowledges that "The press has been negative on the Winklevoss ETF".
• Bitcoin Price: A Simple Explanation Of the Winklevoss Twins' New Business Scheme
• Diamonds and Kazakhs and Bitcoins, Oh My: An ETF Parade
• Winklevoss twins' risky Bitcoin bet
• The Antisocial Network of Bitcoins
• Once again the Winklevoss twins get beaten launching their big idea: a bitcoin trust
• Bitcoin Bets Feed Twitter Dreams as Regulators Circle "The Bitcoin ETF idea is so far-fetched that SEC approval, if it ever comes, could take years", says Reggie Browne, head of ETF trading at Cantor Fitzgerald LP. "I think it's a riot," he says, laughing.

This open survey topic is part of the expert "Crypto Currency Survey Project".