[2018-10-10] The SEC Sets Deadline to File Comments for or Against Bitcoin ETF A

Slow death

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Quote from: Jgilpulg on October 10, 2018, 09:29:24 AM

Some experts are optimistically citing reasons why the SEC might approve Bitcoin ETFs this time.

this: " experts " is the big problem of the crypto world, we need to do statistics on how often these guys (experts) hit their comments and predictions, because if they are experts they were supposed to have a very small margin of error. But the truth is that they consistently err in their comments and predictions. I am of the opinion that the ETFs will be rejected.

Quote from: BitHodler on October 10, 2018, 10:21:57 AM

I can name up more reasons why an ETF will yet again be rejected.

truth, we have an exchange called yobit that promotes pump and dump scheme and we still want governments and banks to take us seriously and have a bitcoin ETF.

Lucius

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Quote from: BitHodler on October 10, 2018, 10:21:57 AM

I can name up more reasons why an ETF will yet again be rejected. I seriously hoped that we would leave this nonsense behind, but some find it necessary to keep believing in something that doesn't stand a chance to be approved.

It would be a good thing for the SEC to reject all proposals at once and clearly state that it is a waste of time to keep trying. That's the most we can ask for with how they won't ever prevent any entity from trying to do it anyway.

What's probably happening in the background is that the SEC might not even look one second at the comments that came in recently. They already know that it isn't going to happen. It's basically how regulators always work.

The only thing they do is make it look like they are trying to make things happen.

I think you're wrong regarding opinion that the BTC ETF will never be accepted, it is more than obvious that at this moment the chances for such decision are not great - but every new application is a step closer to the final goal. What is usually cited as one of the main reasons for ETF rejection is price manipulation and high volatility, SEC is trying to protect himself because in case of approval they bear the responsibility for what can happen in BTC ETF market.

But it should be emphasized that only VanEck and SolidX proposals represents physical backed ETF, which means that shares are backed with real BTC which is something that have sense, and can positively influence on price. Also this ETF is only for institutions (big money), and it is backed by some 40$ billion, what's in the eyes of SEC certainly looks much more serious then all others applications.

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Quote from: BitHodler on October 10, 2018, 10:21:57 AM

I can name up more reasons why an ETF will yet again be rejected. I seriously hoped that we would leave this nonsense behind, but some find it necessary to keep believing in something that doesn't stand a chance to be approved.

Miracles do happen Grin

. But seriously though, I have the same feeling, yes it's inevitable but I wouldn't be surprised if those who have been on the pipeline would be denied again, including the Van Eck/Solid X proposal.

Quote from: BitHodler on October 10, 2018, 10:21:57 AM

It would be a good thing for the SEC to reject all proposals at once and clearly state that it is a waste of time to keep trying. That's the most we can ask for with how they won't ever prevent any entity from trying to do it anyway.

It looks like they've prolonging the agony of those who are wanting for the supposedly approval decision.

Quote from: BitHodler on October 10, 2018, 10:21:57 AM

What's probably happening in the background is that the SEC might not even look one second at the comments that came in recently. They already know that it isn't going to happen. It's basically how regulators always work.

The only thing they do is make it look like they are trying to make things happen.

Yeah, sending false signal to the community that a imminent approval is on the horizon but at the background they don't do anything but to extend the reviews as if they really care.

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Quote from: BitHodler on October 10, 2018, 10:21:57 AM

I can name up more reasons why an ETF will yet again be rejected. I seriously hoped that we would leave this nonsense behind, but some find it necessary to keep believing in something that doesn't stand a chance to be approved.

It would be a good thing for the SEC to reject all proposals at once and clearly state that it is a waste of time to keep trying. That's the most we can ask for with how they won't ever prevent any entity from trying to do it anyway.

What's probably happening in the background is that the SEC might not even look one second at the comments that came in recently. They already know that it isn't going to happen. It's basically how regulators always work.

The only thing they do is make it look like they are trying to make things happen.

I listened to a discussion where Hester M. Peirce was talking about the decision making process and it looked like she wanted Bitcoin to succeed, so I doubt that she would just ignore or fast track any future decisions, based on the outcome of previous submissions. There are also a new member that are rumoured to be pro Bitcoin, so we will just have to see what happens with the next decision.

I recently watched a documentary about "Dark money" and how this is used to sway policies and elections in the USA, so you cannot rule out corruption in the decision making process in politics. Angry

rodskee

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Quote from: BitHodler on October 10, 2018, 10:21:57 AM

I can name up more reasons why an ETF will yet again be rejected. I seriously hoped that we would leave this nonsense behind, but some find it necessary to keep believing in something that doesn't stand a chance to be approved.

It would be a good thing for the SEC to reject all proposals at once and clearly state that it is a waste of time to keep trying. That's the most we can ask for with how they won't ever prevent any entity from trying to do it anyway.

What's probably happening in the background is that the SEC might not even look one second at the comments that came in recently. They already know that it isn't going to happen. It's basically how regulators always work.

The only thing they do is make it look like they are trying to make things happen.

That's true and sad to heard on that's news
ETF approval are have good effects to bitcoin price jump
but supposedly without etf approval bitcoin will stay strong and their price rebond again if the US SEC serous for this etf discussion they give time to review and revise all the rules
Came from the proposal submitted from their office subject to change all rules for f needed

BitHodler

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I can name up more reasons why an ETF will yet again be rejected. I seriously hoped that we would leave this nonsense behind, but some find it necessary to keep believing in something that doesn't stand a chance to be approved.

It would be a good thing for the SEC to reject all proposals at once and clearly state that it is a waste of time to keep trying. That's the most we can ask for with how they won't ever prevent any entity from trying to do it anyway.

What's probably happening in the background is that the SEC might not even look one second at the comments that came in recently. They already know that it isn't going to happen. It's basically how regulators always work.

The only thing they do is make it look like they are trying to make things happen.

Jgilpulg

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Some experts are optimistically citing reasons why the SEC might approve Bitcoin ETFs this time.

https://bitcoinist.com/the-sec-sets-deadline-to-file-comments-for-or-against-bitcoin-etf-applications/

Topic: [2018-10-10] The SEC Sets Deadline to File Comments for or Against Bitcoin ETF A (Read 159 times)