Another bitcoin ETF gets rejection by SEC - page 2.

hatshepsut93

legendary

Activity: 3010

Merit: 2148

Quote from: eternalgloom on July 27, 2018, 05:36:39 AM

The main reason for the rejection is that they are not fully convinced that the market cannot be manipulated.
They also need to have guarantees that exchanges can be designed to prevent fraud and other manipulative acts.

I think sooner or later SEC will approve Bitcoin ETF, but this will happen when they'll feel like most of Bitcoin's volume comes from well-regulated exchanges. Bitcoin's volume and volatility might also be a factor, as it seems like SEC thinks that some big price movements are a result of manipulation, which might or might not be true, since speculative behavior of the masses is also a big factor that can explain rallies and crashes.

BestRate

newbie

Activity: 14

Merit: 0

bitcoin ETF will be accepted very very soon. We just have to wait

Pab

legendary

Activity: 1862

Merit: 1012

CBOE can deliver secure platform that is for sure but bitcoin price manipulation
SEC may use that argument as they want to reject ETF
So only one way is to create strong demand and have some influential lobbyst
lets see one day it will happen if not that year than another
Maybe it can be approved in UK or Switzerland

pehatas

newbie

Activity: 145

Merit: 0

I also think that the ETF, which will be approved in August, as a lot of fundamental factors testify to the positive decision. To wait remains absolutely not for long.

audaciousbeing

hero member

Activity: 1330

Merit: 569

Quote from: nicktalman93 on July 27, 2018, 05:06:15 AM

Two days after postponing the decision on Direxion’s Bitcoin (BTC) ETF Proposals and five other bitcoin ETFs filed by NYSE Arca, Inc, SEC has come vicious this time as it shattered the dream of Winklevoss twins of launching a bitcoin ETF. This is the second time in two years that Winklevoss twin’s application has been rejected.

Now all eyes will be on CBOE- SolidX Bitcoin ETF which should be next in line for SEC for approval. Although the precedents that the SEC is setting are not really positive, some experts still believe CBOE application is something that can get approved.

Reff: https://coingape.com/cboe-bitcoin-etf-holds-chance-sec-rejects-winklevoss-proposal/

While the effect of this would have made everyone laugh should in case the decision came out positive, I think its really good its happening so everyone can move on from this tying of destiny on ETF approval which might would come with disappointment eventually. For those waiting on the postponed decision, I would not be optimistic about it except there is something significantly different from the ones they have rejected to get another opinion from SEC which could even create more problem as speculations of would rise as to some form of victimisation against the Winklevoss twins for launching their own product first.

imteaz

full member

Activity: 532

Merit: 107

I think the news whatever was yesterday to keep bitcoin price down, so whale can accumulate more, SEC already stated they will be announced after August 17, this is only July 27, so wait for 20 more days before any news comes out.

Silenox

full member

Activity: 546

Merit: 122

This is not the ETF that the market expects to be approved, but the CBOE. Prices have not moved significantly with this news, only if the CBOE ETF is barred we may have a bad signal, but it is more likely to be approved.

esetop01tryba

jr. member

Activity: 238

Merit: 1

https://www.empirehotels.io

I heard that ETF has a person who supports ETF and maybe not all is lost ! I think that still all the fun is ahead !

Slow death

legendary

Activity: 3038

Merit: 1100

Leading Crypto Sports Betting & Casino Platform

Quote from: nicktalman93 on July 27, 2018, 05:06:15 AM

SEC has come vicious this time as it shattered the dream of Winklevoss twins of launching a bitcoin ETF.

they are young and can try more times than who knows they will eventually be approved

Quote from: nicktalman93 on July 27, 2018, 05:06:15 AM

This is the second time in two years that Winklevoss twin’s application has been rejected.

Why all the news channels need to say that they have been disapproved for the second time? this seems to be to encourage the twins to give up trying

Quote from: nicktalman93 on July 27, 2018, 05:06:15 AM

Now all eyes will be on CBOE- SolidX Bitcoin ETF which should be next in line for SEC for approval.

It seems that they are more likely to be approved

Cassy14

member

Activity: 237

Merit: 10

read the news and I am very disappointed about it,
USA SEC still setting walls for bitcoin.
what are they main reason for this? what are the purpose of that move?

stefy77

full member

Activity: 658

Merit: 105

In fact I am pessimistic about the outcomes of these etf. Still too dangerous for them. In the future.

Heidim

jr. member

Activity: 266

Merit: 1

Well that's just fine, not in a hurry at all. Bitcoin is here to stay so no need to rush anything, time to load up. Wink

funchiestz

sr. member

Activity: 1134

Merit: 342

It is not too important one. That project which belong to Winklevoss brothers, has rejected by SEC. We're waiting still another ones. SEC will be announced 16th Aug- 25th Sep. We have to wait in silence.

sanjeevbaweja

newbie

Activity: 29

Merit: 0

Quote from: nicktalman93 on July 27, 2018, 05:06:15 AM

Two days after postponing the decision on Direxion’s Bitcoin (BTC) ETF Proposals and five other bitcoin ETFs filed by NYSE Arca, Inc, SEC has come vicious this time as it shattered the dream of Winklevoss twins of launching a bitcoin ETF. This is the second time in two years that Winklevoss twin’s application has been rejected.

Now all eyes will be on CBOE- SolidX Bitcoin ETF which should be next in line for SEC for approval. Although the precedents that the SEC is setting are not really positive, some experts still believe CBOE application is something that can get approved.

Reff: https://coingape.com/cboe-bitcoin-etf-holds-chance-sec-rejects-winklevoss-proposal/

in coming days bitcoin need not any ETF Approval, Bitcoin itself will be huge

Dexion

full member

Activity: 812

Merit: 101

I think the SEC only wants to minimize market risk, the SEC has a wisdom to crack down on any ICO offerings, many crypto communities are shocked with all efforts made by the SEC.

many people assume that the rejection of Bitcoin ETF is a severe blow. but I see that market dynamics can escape from this condition, so this rejection does not seem to give a significant impact on the crypto community.

eternalgloom

legendary

Activity: 1792

Merit: 1283

You know what's really interesting about this? That there's public dissent from one of the SEC's own commissioners.
Hester M. Peirce, respectfully doesn't agree with the decision the SEC has made and has posted a public statement on the SEC website.

https://www.sec.gov/news/public-statement/peirce-dissent-34-83723

FedorIzmailov

jr. member

Activity: 238

Merit: 1

the market fell slightly, but not on this ETF we were expecting approval from the SEC. All that also remains the date of August 10, fateful for the growth of bitcoin this year Wink

cheezcarls

hero member

Activity: 2254

Merit: 658

Revolutionized copy gaming platform

Quote from: nicktalman93 on July 27, 2018, 05:06:15 AM

Two days after postponing the decision on Direxion’s Bitcoin (BTC) ETF Proposals and five other bitcoin ETFs filed by NYSE Arca, Inc, SEC has come vicious this time as it shattered the dream of Winklevoss twins of launching a bitcoin ETF. This is the second time in two years that Winklevoss twin’s application has been rejected.

Now all eyes will be on CBOE- SolidX Bitcoin ETF which should be next in line for SEC for approval. Although the precedents that the SEC is setting are not really positive, some experts still believe CBOE application is something that can get approved.

Reff: https://coingape.com/cboe-bitcoin-etf-holds-chance-sec-rejects-winklevoss-proposal/

I know it hurts. Not only they got rejected once, but twice. The first proposal they have with the SEC was last year. It's okay, no worries. No matter what happens, Bitcoin will still reach its target in the long run. Just my two sats.

bitfocus

member

Activity: 532

Merit: 15

Not a good news, but these guys (SEC) are stalling ETF since the beginning.

allthebitandbobs

sr. member

Activity: 1148

Merit: 252

Quote from: eternalgloom on July 27, 2018, 05:36:39 AM

The main reason for the rejection is that they are not fully convinced that the market cannot be manipulated.
They also need to have guarantees that exchanges can be designed to prevent fraud and other manipulative acts.

You can read the full 92-page report here:
https://www.sec.gov/rules/other/2018/34-83723.pdf

Well it is never going to pass then because the markets or manipulated fuck .Only takes a few days to look at the market to figure the one out .They dont try to hid the fact is manipulated .

Topic: Another bitcoin ETF gets rejection by SEC - page 2. (Read 440 times)