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Topic: Another bitcoin ETF gets rejection by SEC (Read 440 times)
The victory in even this rejection is the fact that were are already having a large group of Wall Street moguls taking interest in bitcoins which means we are not too far off from seeing institutional funds flowing into bitcoins and crypto-currency in general
SEC was concerned about the the bitcoin market as it is prone to fraudulent activities and manipulation. Moreover, SEC is always focused on protecting the investors' interests. So, they thought the formulated model of BTC ETF was not up to the par. However, there will be more hearings of this case in the future and hopeful, SEC will be presented with a foolproof model which will get accepted finally.
Its a sad news, because the ETF we were expecting approval from the SEC. Every rejection in bitcoin ETF seems that its hard for them to accept bitcoin and I thought that's why they not approved ETF because they afraid to risk they minimize the market risk.
The main aim of the SEC is to provide their investors with optimum security. Fraud, Theft and piracy activities are always out there, so, there are always concerns on safety issues. Due to these the SEC shows negative interest in bitoin, for the time. But this shall pass in no time.
Yes that is really not a good news in favour of bitcoin, and I think that all such limitation should e removes from it. But I am hopeful that this news will not affect the bitcoin price so badly and hopefully the investors will remain calm and will continue holding their shares in bitcoin.
The rejection of the bitcoin ETF will continue to grow as it is still a very new market and the price movement is too huge. There is why more time is needed to monitor its growth.
we need people to invest in the real bitcoin not into these ETF (illusion), someone other agree with me here about this ETF ?
If the Czech Republic refuses Bitcoin ETF then I think the price will drop but not significantly. Because Bitcoin's community is huge. There are some investors who want to push Bitcoin prices up. We should not need the approval of the Czech Republic
It's just rumored because Some people who hate Bitcoin themselves create bogus rumors about the ETF. To date, the Czech Republic has not yet announced a decision to accept or deny Bitcoin ETF. I think in September we will have the most accurate answer
I think the main news of the market is this future ETF news! Others shook but did not wash. Obviously, if this is rejected then Bitcoin price will be very low.
From my point of view it not true. Till now SEC think about the rejection. IT wil approve I believe. People feel positive reaction on EFT so it will definitely approve by sec.
SEC will stall anything related to Bitcoin as long they can.
It was sad to know bout the rejection , but it wasn't unexpected. The dominating parties have always truied their best to bring the decentralized systems down but I know they will soon realize the need of approving it. It's okay if it gets rejected now, it doesn't stop Bitcoin from growing. And also not like it's always going to get rejeced, let's hope for the best.
Maybe we do not really need the ETF funds afterall, the market is still rising steadily and i think that is very healthy. ETF may affect bitcoin adversely
We don't need them because ETFs are centralized and the whole idea of Bitcoin is to support decentralization. Allow people to hold their own money and be independent of banks and other financial institutions. ETFs will hold your coins for you. Sure, they will give you insurance, but you won't own any coins, you will only have the fiat equivalent of those coins and that equivalent will be insured.
Maybe we could actually do better without the bitcoin ETF , ideally I will not want Wall Street tightening the cryptospace with their rules
I think SEC will again authorize the EFT. The market is downward now, that does not mean the market is finished. The market can be upwards at any time. And it will be very soon.
The market is a bit lower now. I think the EFT will allow the SEC Very soon the crypto market will improve. Any time the market will turn and everything will become normal.
To get approved from SEC’s not a easy deal for any bitcoin ETF. To get approved they need to fulfill their requirement which’s are still improving bitcoin ETf’s . But I hope it will be approved SEC in future but it takes some time.
Maybe we do not really need the ETF funds afterall, the market is still rising steadily and i think that is very healthy. ETF may affect bitcoin adversely
I guess a approval by governing body like SEC will really cemented Bitcoin and crypto as a trusted investment. On the contrary though, ETF's is non-existent until the first Winklevoss proposal was put forward last year. And then we saw what it can really do to the markete (push the price even higher). That's why ETF's has also a long term effect is ever we get that first approval next month. So let's see how everything will pans out. Other's are really nervous about it because it will define the future of bitcoin and also the rest of the cryptos.
Maybe we do not really need the ETF funds afterall, the market is still rising steadily and i think that is very healthy. ETF may affect bitcoin adversely
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