Apparently, what we have read were misleading about the August 10th and ETFs decision.
CoinGape published an article saying that the SEC would make their decision about the proposal by August 10. However, according to a Reddit post made last night by a well-named Reddit user CryptopherWalken, it now seems that date may not be correct.
The CoinGape calculated the date based on SEC stating that a decision will be no less than 45 days from the date of publication in the Federal Register. The SEC notice was published on June 26, but that’s not the same date that it was published in the Federal Register and the Federal Register publication only appeared on July 2, meaning the date for a decision can be no sooner than August 16.
What does this mean? Will people dump because they expected the result to be out on August 10th? Will they hold until August 16th? What do you guys think? I think there might be some sort of disappointment sell off because everyone is expecting a bullrun after a positive decision. However, I'm not sure if this news is around enough to make everyone aware of the situation to prevent a dissapointment sell off.
Topic: ETFs will not be decided on 10th of August! Will people dump for disappointment? (Read 124 times)
July 19, 2018, 04:58:52 PM
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