Do you think the SEC will approve CBOE's Bitcoin ETF?

grendel25

legendary

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Quote from: TerawattLED on August 15, 2018, 12:26:02 AM

If the SEC approves do you think it will have a global impact on other financial regulators? Will this possibly pave the way for an explosion in bitcoin value? Please share your thoughts. Thanks!

Yes, various world players look to each other to see what precedents are set, why they are set, and if such precedents make sense in their own countries or geographical areas. We have to pay attention to major events that have a tangible outcome for cryptocurrency price. In 2014, it was Mt Gox and the dwindling interest after bitcoin's first halving. In 2017 it was the momentum from the 2nd bitcoin halving combined with the explosion of Eth, smart contracts, and ICOs which made the perfect recipe for a surge of interest and cash. 2018 has been pretty boring. 2019 could be boring as well. But eventually, bitcoin will halve again, ETFs will come, and another recipe for a price explosion can come as well. If we see ETF and institutional entrance sprinkled in we may just see sustained price action with modest upward movement. If it all happens at once and combines with bitcoin halving momentum... well... don't stand too close to the sun lol

satosibtc1000

jr. member

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In my opinion, the support of ETF will be beneficial to the SEC as they will be able to earn ! But it will mean that they recognize bitcoin and it can kill the us dollar in the future ! I won't guess just need to wait for a final decision.

doolittle

full member

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Quote from: TerawattLED on August 15, 2018, 12:26:02 AM

If the SEC approves do you think it will have a global impact on other financial regulators? Will this possibly pave the way for an explosion in bitcoin value? Please share your thoughts. Thanks!

I think the SEC is currently manipulating this news. They probably bought bitcoins themselves a long time ago and make these throws of information. The accept the there is no, the postpone. Or on the contrary have not bought and just waiting for a suitable price. Eventually, they will pass the law.

dgross0818

full member

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Quote from: TerawattLED on August 15, 2018, 12:26:02 AM

If the SEC approves do you think it will have a global impact on other financial regulators? Will this possibly pave the way for an explosion in bitcoin value? Please share your thoughts. Thanks!

I think it's not so simple with the cryptocurrencies - it's a game of nerves and big money, so it will last as long as possible! But sooner or later the cryptocurrencies will be approved and pour all their innovative power into the world of big economies - it is inevitable, like the fact that the sun rises in the east!

anilsaini.jaipur

newbie

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All we are hearing from last few months is ETF approval for BTC. A lot has been published and speculated. SEC approval is not easy to come by. They weigh each pros and cons of this approval. Might be the ETF decision again be postponed.

auroboros

sr. member

Activity: 588

Merit: 254

i think we have to wait and see if it gets approves in september or they will delay it for couple of more months before approval, but i do not believ that we will see this shappening on august 23rd, they will postpone it again.
My bet is they delay it again until year 2019 . If everything goes smoothly we will have a big rally, but if this does not happen we will see new lows.

Sarcasm

full member

Activity: 448

Merit: 100

Quote from: baricuri on August 27, 2018, 09:46:12 AM

The current results are quite unexpected. SEC has rejected BTC and eth. This is probably a good opportunity for many investors who want to be free to hold on to investing heavily in this market

I think the approval will not be done, rather i perceive that it might be postponed till another year.
If they do not approve it, the price of bitcoin will still skyrocket. I will just cross my hands and watch as things unfold.

baricuri

member

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The Premier Digital Asset Management Ecosystem

The current results are quite unexpected. SEC has rejected BTC and eth. This is probably a good opportunity for many investors who want to be free to hold on to investing heavily in this market

odri777

jr. member

Activity: 115

Merit: 1

In the event that they approve Bitcoin ETF application, then it seems to me it will be beneficial for the situation on the market!

Natusik

jr. member

Activity: 224

Merit: 1

Most likely, the decision will be postponed to the beginning of next year, I read that the deadline for consideration is early February 2019. However, what gives us this approval - that's the question ..

Cryptomania12

full member

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I think that any organization that deals with the approval of new digital money can not be objective, and I hope the exchange rate will not depend on SEC

cryptoking252

newbie

Activity: 84

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I think SEC will approve CBOE’s bitcoin ETF it have a positive impact ,the value of bitcoin will also rise if it is approved.

AmazingTiger

newbie

Activity: 65

Merit: 0

Securities and Exchange Commission still disapprove BTC ETF till sept. If BTC ETF will able to improve and fullfil SEC requirement then SEC will approve it. Then it will felt very useful effect on BTC because then BTC will be more reliable to many people.

VieleSind

sr. member

Activity: 434

Merit: 250

My opinion is that there is no possibility that the SEC will accept the Bitcoin ETF and now the SEC has denied all this. If the SEC accepts CBOE's Bitcoin ETF, then the cryptocurrency market will be controlled, and the coins will lose its real value because the control is unavoidable.

hummer113

member

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At the moment, the SEC is very categorical, they say that bitcoin is too prone to manipulation, and unfortunately this is true. Let's hope and wait.

jeron31

newbie

Activity: 123

Merit: 0

I think it will happen. CBOE looks really serious and solid and i think these guys have high chances. I hope it will happen soon!

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Proposals were rejected but there's a breaking news.
SEC to review decision rejecting bitcoin ETFs
Breaking: SEC Is Reviewing The Nine Bitcoin-Backed ETF Denials

kellyscott

newbie

Activity: 154

Merit: 0

So far I know the U.S securities and exchange commission(SEC) has made their decision postponed till September. And this decision is valid for five bitcoin related traded fund. Let’s wait till September and see what happens.

TheBitcoinBadger10

newbie

Activity: 261

Merit: 0

SEC still against with ETF but hope it will be accept but it will be take long time and that's need some improvemment for this.

GalacticSight909

newbie

Activity: 64

Merit: 0

There seems to be less possibility that it will get approved, given that the previous encounters were negative too. But it will be a good thing if it does get approved.

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