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Ain't Gonna Be No Bitcoin ETF

In this reposted bog from Themis Trading, the authors write that sometimes investors need to be protected from themselves - starting with the Bitcoin ETF.

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April 21, 2005

The NASD's Nasdaq Promise

By Gregory Bresiger

NASD, aware that the SEC is looking closely at possible conflicts within SRO structures, says it will quickly shed its Nasdaq ownership. In a footnote to its comment letter on the various SEC SRO proposals, NASD said it will divest itself "of any meaningful ownership interest in Nasdaq prior to the effective date of any rules the Commission may adopt in this area."

And NASD wrote that, after Nasdaq achieves exchange status, it may continue to hold a "temporary, residual interest" in the exchange. But that "interest would not give rise to the types of conflicts of concern to the Commission, particularly given that NASD would not control or operate Nasdaq."