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Topic: Bitcoin ETF: Will August 10th Mark The Revival of High Bitcoin Price? - page 2. (Read 333 times)

legendary
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Yeah I fail to see how or why this attempt will be approved. Let’s wait & see but I don’t have high hopes for this. It’s better that way though, I don’t get disappointed.

Trouble is though, no matter how well informed and pragmatic you are about it, the majority never will be and they'll be the ones running around screaming and squirting their droppings into your wallet balance.

The fact that it's CBOE makes it more compelling than total outsiders like the Winklevii. I still don't get how it's going to happen.



We can only hope, the price would go through the roof if an approval is somehow given.
legendary
Activity: 2590
Merit: 3014
Welt Am Draht
Yeah I fail to see how or why this attempt will be approved. Let’s wait & see but I don’t have high hopes for this. It’s better that way though, I don’t get disappointed.

Trouble is though, no matter how well informed and pragmatic you are about it, the majority never will be and they'll be the ones running around screaming and squirting their droppings into your wallet balance.

The fact that it's CBOE makes it more compelling than total outsiders like the Winklevii. I still don't get how it's going to happen.

legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
Yeah I fail to see how or why this attempt will be approved. Let’s wait & see but I don’t have high hopes for this. It’s better that way though, I don’t get disappointed.
legendary
Activity: 2590
Merit: 3014
Welt Am Draht
Presumably August 10th is the first deadline? Going on past behaviour they'll carry on extending it until the very final one which I think is September 30th.

I don't see how or why this application should pass when the Winklevoss one did not even if it has more established personnel behind it.

They all have the same problem. The SEC doesn't have full jurisdiction over the Bitcoin market. There's no ETF out there that's not on a market under their full remit. These applicants are asking them to approve a new asset class on top of it trading on markets they can't police.

That's a double no.

I've seen talk of applications based off futures which are regulated by them. However those futures prices are still linked to the uncontrollable Bitcoin market. I wonder if there are precedents for that elsewhere.

It would be nice to avoid a pointless pump and dump. No doubt we'll get one anyway.
legendary
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There is trouble abrewing
The proposed date by SEC to give its decision is August 10 that by extension will also decide the fate of cryptocurrencies and if trillion dollar funds will finally pour in the crypto market.
LOL, why exaggerate this much?!!
first of all this is bitcoin ETF not every altcoin out there ETF and if anything it will be affecting bitcoin.
besides ETF is just some hyped up bullshit that people are clinging to so that they have some false hope about the price rise because they couldn't find any other type of hope!

i'd say why even look for hope and silly things like ETF, bitcoin didn't have any nonsense like ETF for the past 9 years and it went from $0 to $20000 and will continue this way without them too.
...and even if ETF is approved money won't pour into bitcoin, it will pour into that ETF!

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i refuse to click shortened links.
jr. member
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Bitcoin ETF fate is finally going to be decided on August 10. Currently, SEC is asking for comments on the listing and trading of Bitcoin ETF introduced by VanEck SolidX Bitcoin Trust that will be catering to only accredited investors.

The proposed date by SEC to give its decision is August 10 that by extension will also decide the fate of cryptocurrencies and if trillion dollar funds will finally pour in the crypto market.

Read more: https://bit.ly/2N8SCPZ
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