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Topic: 2019-10-07 CNBC - ‘We’re closer than we’ve ever been’ to bitcoin ETF approval - page 2. (Read 272 times)

sr. member
Activity: 1008
Merit: 355
Today, I'm closer than I've ever been to my 100th birthday.  Doesn't mean it's going to happen any time soon, though.    Roll Eyes It's only going to be a "very exciting week" for the people buying the hype.  Still not expecting to see an ETF approved for at least another year or two (and would be happy if it took far longer than that).

Well, not unless you are already 98 years old and is the oldest breathing member of this forum. The way I am seeing it now, the hypes and exaggerations surrounding ETFs have already died that is why the Bitcoin community has already stopped thinking too much about the possibility and the resulting positive influence of the existence of ETF on the market. This can especially be true with what recently happened with the Bakkt futures.

I am predicting that the SEC will be deciding not in favor for now with the creation of the ETF as proposed by Bitwise Investments for many reasons and the number one concern with that decision is that we are still in the same situation as before when we talk about regulations and the establishment of safety nets for the customers of the said platform.

Yes, maybe two or three years from now one or two ETF platforms can be doing good business but for now let's just accept that it is nearly impossible to gain its legal and regulatory approval.
legendary
Activity: 3934
Merit: 3190
Leave no FUD unchallenged
Today, I'm closer than I've ever been to my 100th birthday.  Doesn't mean it's going to happen any time soon, though.    Roll Eyes

It's only going to be a "very exciting week" for the people buying the hype.  Still not expecting to see an ETF approved for at least another year or two (and would be happy if it took far longer than that).
legendary
Activity: 4130
Merit: 1307
Quote
It’s a make-or-break moment for bitcoin ETFs.

The Securities and Exchange Commission has set an Oct. 13 deadline for approving a bitcoin-based exchange-traded fund from Bitwise Investments, a move that could mark a meaningful milestone in bitcoin’s long-term growth story.

...

“We’re closer than we’ve ever been before to getting a bitcoin ETF approved,” Hougan, former CEO of Inside ETFs, said Monday on CNBC’s “ETF Edge.”

“Sometime before Monday, the SEC has to give its decision: yes or no. They have no more ways to postpone it at this point,” Hougan said. “We will hear clearly between now and Monday what they think, and then, depending on what we hear, we’ll go forward from there. But it should be a very exciting week.”

.

I'm not holding my breath, so would be pleasantly surprised if approved.

https://www.cnbc.com/2019/10/07/on-bitcoin-etf-approval-closer-than-weve-ever-been-says-bitwise.html
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