[2017-03-04] SEC’s First Bitcoin ETF Deadline is Actually March 13, Not March 11

veleten

legendary

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Quote from: panju1 on March 05, 2017, 01:26:33 AM

So we have 2 additional days for the bull run and volatility.
It is not going to make any difference to the end result. The price is gonna drop if the ETF gets rejected on March 13th.

I don't know why people think the price is going to drop if the ETF is not approved
as if ETF non approval will be the end of the world as we know it

it is not like the disappointed holders would suddenly dump bitcoins and say goodbye to it
approval on the other hand,however improbable it is ( 20% chance given by the analysts) could see the price skyrocket even further
also this particular ETF is in its what,third iteration ?
it will be approved sooner or later,I'm sure about it

1Referee

legendary

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I already thought why on earth would the SEC announce something in the weekend. It's quite amateurish from the SEC to make such a silly mistake (without any consequences luckily). Anway, nothing changes here as the eyes are as precisely pointed at the SEC as they were before this article.

panju1

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So we have 2 additional days for the bull run and volatility.
It is not going to make any difference to the end result. The price is gonna drop if the ETF gets rejected on March 13th.

Gembul

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News BItcoin - SEC’s First Bitcoin ETF Deadline is Actually March 13, Not March 11

On January 4, the SEC issued a notice stating that it has designated “March 11, 2017 as the date by which the Commission should either approve or disapprove the proposed rule First SEC's Bitcoin ETF Deadline is March 13, Not March 11change (File No. SR-BatsBZX-2016-30), as modified by Amendment No. 1”. This rule change concerns the listing and trading of Coin ETF on the Bats Global Market exchange.

March 11 is 240 days from July 14, 2016, the date which the proposed rule change was published for notice and comment in the Federal Register. However, March 11 falls on a Saturday this year, a day in which U.S. government offices are closed.

READ MORE >>> https://news.bitcoin.com/secs-first-bitcoin-etf-deadline-is-actually-march-13-not-march-11/

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