Former SEC Chair Says Bitcoin ETF Should be Approved - page 2.

bbc.reporter

legendary

Activity: 3010

Merit: 1460

Quote from: GreatArkansas on July 10, 2023, 09:08:33 PM

Quote from: bbc.reporter on July 10, 2023, 08:03:58 PM

It was a mistake for me to dismiss when someone created a thread about BlackRock's ETF filing. I thought it was the mainstream news media running out of stories about crypto. It was really BlackRock starting the real ETF storyline hehehe. Did anyone also notice Forbes magazine has suddenly become supportive for bitcoin?
(....)

Kinda bandwagon but I believe since they are media companies, for what is a trend, they are there because that's what is their job is, they need to get attention of the people and right now, this is kinda trending on the cryptocurrency market and here they are, praising bitcoin.

That was what I speculated which was why I dismissed the news someone shared last month and asked why is mainstream news media reviving an old storyline from 2020-2021. This new ETF storyline might be BlackRock. It is head shaking to think that Forbes magazine suddenly became bitcoin supporters. Someone is behind this, I reckon.

bittraffic

hero member

Activity: 3038

Merit: 617

The only condition I think the SEC wants is for exchanges to be transparent which is coinbase. They may be concern about manipulation and inside trading. Sounds very ironic really. But we do know Blackrock always has the back of the government, it will be approved I think they've already refiled.

Coinbase stock bounce high after the ETF announcement since last month.

GreatArkansas

legendary

Activity: 2506

Merit: 1394

Quote from: bbc.reporter on July 10, 2023, 08:03:58 PM

It was a mistake for me to dismiss when someone created a thread about BlackRock's ETF filing. I thought it was the mainstream news media running out of stories about crypto. It was really BlackRock starting the real ETF storyline hehehe. Did anyone also notice Forbes magazine has suddenly become supportive for bitcoin?
(....)

Kinda bandwagon but I believe since they are media companies, for what is a trend, they are there because that's what is their job is, they need to get attention of the people and right now, this is kinda trending on the cryptocurrency market and here they are, praising bitcoin.

Fundamentals Of

sr. member

Activity: 2380

Merit: 366

The pressure is now real. The SEC will probably be thinking twice in rejecting the application coming from no less than BlackRock itself. This financial institution isn't like anything else. This is BlackRock, the largest asset manager in the world. This isn't just another financial platform trying to convince the SEC that Bitcoin ETF is something the US should have. This now is a multi-trillion international investment company.

We're not even speaking of how powerful and influential it is especially behind the scene.

SeriouslyGiveaway

full member

Activity: 504

Merit: 144

Debunk the fud against Bitcoin which is more environmental friendly than many industries and nations.

https://bitcoincleanup.com/
https://endthefud.org/energy
Bitcoin Mining Council Briefing Update.

bbc.reporter

legendary

Activity: 3010

Merit: 1460

It was a mistake for me to dismiss when someone created a thread about BlackRock's ETF filing. I thought it was the mainstream news media running out of stories about crypto. It was really BlackRock starting the real ETF storyline hehehe. Did anyone also notice Forbes magazine has suddenly become supportive for bitcoin?

In any case, it will begin with 1 ETF approval then it will be a cascade of other approvals. Slowly then suddenly hehehe. I speculate that we might witness one of the biggest pumps on bitcoin once BlackRock and the other institutional investment funds twap into bitcoin.

In a recent interview with CNBC, former SEC chair Jay Clayton said a Bitcoin ETF approval would be “hard to resist.” Moreover, Clayton shared his perspective on how far the digital asset industry has come, and why developing regulatory standing would make an approval favorable.

In recent weeks, a host of traditional financial institutions have come forward with Spot Bitcoin ETF filings. Among those are asset management behemoths like BlackRock and Fidelity, which each submitted their proposals within the last month. Now, the industry awaits the SEC’s decision on what would be their first approval of the like.

Read in full https://watcher.guru/news/former-sec-chair-says-bitcoin-etf-should-be-approved

Topic: Former SEC Chair Says Bitcoin ETF Should be Approved - page 2. (Read 228 times)