Topic: ETFs' decision delayed until sep. 30th (Read 201 times)
Yes, I know this news. I read it in the telegram group. Hopefully this will be positive news even though it is delayed until September. Hopefully it will be approved and will make the price rise again.
https://www.sec.gov/rules/sro/cboebzx/2018/34-83792.pdf
Quote
Commission is extending this 45-day time period. The Commission finds that it is appropriate to
designate a longer period within which to take action on the proposed rule change so that it has
sufficient time to consider the proposed rule change.
Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,6
designates
September 30, 2018, as the date by which the Commission shall either approve or disapprove, or
institute proceedings to determine whether to disapprove, the proposed rule change (File No. SRCboeBZX-2018-040).
designate a longer period within which to take action on the proposed rule change so that it has
sufficient time to consider the proposed rule change.
Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,6
designates
September 30, 2018, as the date by which the Commission shall either approve or disapprove, or
institute proceedings to determine whether to disapprove, the proposed rule change (File No. SRCboeBZX-2018-040).
Lets use our brain some. I know its not common in Crypto for most but lets try. BTC Gets bullish on ETF News, ETF Gets POSTPONED, BTC Dumps, Maybe its time to let things settle and buy. It was postponed. Not denied.
Wasn't it already announced weeks ago?
I think this is some kinds of manipulation to make some people rich. Just hope people dont fall for this because the market is trying to recover but we keep dumping the price.
I think this is some kinds of manipulation to make some people rich. Just hope people dont fall for this because the market is trying to recover but we keep dumping the price.
Don't worry folks. Soon or later ETF will be accepted. It is just inevitable... 
LOL! why are they playing games with us? we know SEC is going to reject ETF this time too so why delay it so much like this. just reject that bastard and get on with it and let us move on with our rising trend that was going on before the ETF hype began on the internet!
and some still ask why price is so volatile...
and some still ask why price is so volatile...
The community needs to continue to put pressure on government officials to adopt a more innovative-friendly approach to cryptocurrencies. The future is with countries that embrace rather than stifle innovation, so we need to let these officials know how we feel.
Ironically ICE / Bakkt news is much more significant but limited price impact. I think once we eventually hit 9k (higher high than previous ones), it will hit news more and start a herd effect
Well it seems they like to play with us, we know that all of those that are holding bitcoin are watching the developments on their decisions and now they have decided to delay this, I do not mind that much but I really hope that finally we get a positive decision but this could be a negative signal, maybe they are trying to buy time until they find out an excuse to deny the ETF again.
They don't need any excuse, they are not forced to approve it. Actually, the fact that they have delayed their decision means that there is a possibility that they will finally approve it, otherwise they would deny it now.
This Exchange traded fund announcement is the current shaker of the bitcoin price that is moving it fro and aft. Hope september comes soon and we see the outcome for their decision.
One of the commissioner was in favour of ETF while the other commissioners in majority were against it.Everyone was expecting that there would be a big hike in bitcoin price but it has been delayed temporarily.
https://www.sec.gov/rules/sro/cboebzx/2018/34-83792.pdf
Well it seems they like to play with us, we know that all of those that are holding bitcoin are watching the developments on their decisions and now they have decided to delay this, I do not mind that much but I really hope that finally we get a positive decision but this could be a negative signal, maybe they are trying to buy time until they find out an excuse to deny the ETF again. Quote
Commission is extending this 45-day time period. The Commission finds that it is appropriate to
designate a longer period within which to take action on the proposed rule change so that it has
sufficient time to consider the proposed rule change.
Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,6
designates
September 30, 2018, as the date by which the Commission shall either approve or disapprove, or
institute proceedings to determine whether to disapprove, the proposed rule change (File No. SRCboeBZX-2018-040).
designate a longer period within which to take action on the proposed rule change so that it has
sufficient time to consider the proposed rule change.
Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,6
designates
September 30, 2018, as the date by which the Commission shall either approve or disapprove, or
institute proceedings to determine whether to disapprove, the proposed rule change (File No. SRCboeBZX-2018-040).
I've seen some other forum members predicted this.
What a bunch of bollocks. I was anticipating the price spike from this decision!
Chill mate, we have a lot of time to relax and let them decide and pick what's right for it. It's just delaying the inevitable. The ETF will be accepted and the price will go up!
Woooosh! I hope so.Why the postponement again? I thought it was supposed to be this August. More suspense continues. I hope the final decision will be in Bitcoin's favour. If Bitcoin gets to be listed as other normal tradeable commodities on stock exchanges, it will be a great news. The price will definitely moon.
Don't be so quick, let's just all keep the positiveness remain until 45 days so the result will be in favor to us.
I expected that because the decision is not simple
It needs a lot of consultation and preparation
In the end, I hope the decision will be positive
That would be great for the market
It needs a lot of consultation and preparation
In the end, I hope the decision will be positive
That would be great for the market
Why the postponement again? I thought it was supposed to be this August. More suspense continues. I hope the final decision will be in Bitcoin's favour. If Bitcoin gets to be listed as other normal tradeable commodities on stock exchanges, it will be a great news. The price will definitely moon.
It's just delaying the inevitable. The ETF will be accepted and the price will go up!
I think that adequate time has to be given for such decision, I also think we are going to have some positive since it is not thrown out yes.
Lol...you and we still have to chill for sometime more.
What a bunch of bollocks. I was anticipating the price spike from this decision!
Lol...you and we still have to chill for sometime more.
Yup, I just don't buy the excuse they're throwing out there. It seems like they're just trying to buy time for no reason other than to cool the markets a bit longer.
I think that adequate time has to be given for such decision, I also think we are going to have some positive since it is not thrown out yes.
Lol...you and we still have to chill for sometime more.
What a bunch of bollocks. I was anticipating the price spike from this decision!
Lol...you and we still have to chill for sometime more.
What a bunch of bollocks. I was anticipating the price spike from this decision!
I'm not surprised, because in the crypto currency market, everything is always transferred and prolonged. Well, we'll wait until September 30 and I hope the ETF will still approve.
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