Do any ETFs purchase Bitcoins? Is that scenario possible? Is there any ETF that allows for the purchase of Bitcoins?

Is this possible?  



More info...

An ETF is like a stock that is publicly traded on the stock market, and it can represent:


A collection of stocks
An asset, like gold or silver
A position, such as a derivative on an index like SPX$
A Bitcoin Trust fund registration statement was filed today with the Securities and Exchange Commission. If approved it would be the first Bitcoin ETF you can trade in the market.

UPDATE: The Bitcoin ETF was not approved.


  As discussed further below, the Commission is disapproving this proposed rule change
  because it does not find the proposal to be consistent with Section 6(b)(5) of the Exchange Act,
  which requires, among other things, that the rules of a national securities exchange be designed
  to prevent fraudulent and manipulative acts and practices and to protect investors and the public
  interest.
  The Commission believes that, in order to meet this standard, an exchange that lists and
  trades shares of commodity-trust exchange-traded products (“ETPs”) must, in addition to other
  applicable requirements, satisfy two requirements that are dispositive in this matter. First, the
  exchange must have surveillance-sharing agreements with significant markets for trading the
  underlying commodity or derivatives on that commodity. And second, those markets must be
  regulated.