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00:00So what's the advantage of a Bitcoin ETF. It mean does this mean that bitcoin is going more mainstream that more of us will have an opportunity to take advantage of it. Yeah absolutely look ETF sa you know I equate them to the MP 3. They are very flexible easy to access format. This is what the S.E.C. is dealing with because when you approve an ETF for something you're essentially making it ready for primetime because anybody with an E-trade account can now buy it. And so by getting into an ETF. The good news for investors is it's a lot easier than going and signing up for a Bitcoin account on one of the exchanges. It's also good for bitcoin because it's going to open up a world of new investors. This is similar to what GLAAD did with gold after you know Gilardi is now a 40 billion dollar ETF and the Bitcoin ETF that the Winklevoss twins put out is modeled after GLAAD and it's going to store bitcoin just like to towards goal to make it easy for investors to access it .

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Why a Bitcoin ETF May Soon Become a Reality

Bloomberg's Eric Balchunas discusses the race for the first Bitcoin ETF with Bloomberg's Emily Chang on "Bloomberg Technology." (Video edited to remove reference to CFTC approval.) (Source: Bloomberg)

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