I particularly love the use of the word “lost.” You can imagine the custodian wandering around saying, “Oops! I know those Bitcoins are around here somewhere. Could you help me look under the sofa?”
ETFs have done an amazing job opening up new areas of the market to investors, from international debt to emerging market equities and more. But sometimes, things can go too far.
(Advance Disclosure: Just because I think this is a terrible idea for investors does not mean it’s a terrible investment. In fact, I wouldn’t be surprised if we saw Bitcoins run up in anticipation of the Winklevoss launch. Hmmm … maybe I should buy some Bitcoins.)