Latest news about bitcoin ETF decision

Bonsaiav

full member

Activity: 602

Merit: 118

Quote from: Emmax on July 23, 2018, 03:35:33 AM

A great deal of cryptocurrency proponents are hoping for a positive outcome when the US Securities Exchange Commission (SEC) decides on whether or not they will approve the latest bitcoin-based ETF application file by Cboe. The US regulator had asked for public opinion concerning the ETF again, and this time around the number of responses sent to the regulator is 10X the amount that was sent this past April. What do you guys think?

Most of the supporters of cryptocurrency of course hope a lot the existence of positive decisions from SEC AS because they assume if the bitcoin ETF file's acceptable by the SEC agency there will definitely be a large pump after that and the value of bitcoin's believed will to grow in value up to 200%, 300% or 500%.

andika2018

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I think it will be great for cryptocurrency community and crypto market if ETF approved by regulator. If ETF approved by regulator, big investor will confident to invest on cryptocurrency will give more confidence to old investor. I am believe it will bring crypto market reach trillion dollar market cap

Syarief28

newbie

Activity: 70

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Indeed, bitcoin is now popular now and if the SEC approves the ETF it will feel more positive on bitcoin. However, the task of ETFs is responsible for raising bitcoin always.
and also bitcoin has been placed in the top position in the crypto market. I don't think it's really important for bitcoin. If bitcoin etf decesion is accepted, hopefully the price of bitcoin will increase

dgreat

jr. member

Activity: 70

Merit: 1

An Exchange-Traded Fund or ETF is a fund that is traded on a stock market. They function as investment funds which allows everyone access to an index or commodity providing the same profit to investors as the major markets do. Thus, ETF stocks are one of the most popular among exchange users because of the easiness to invest in industries without being charged by the fund manager. Before buying an ETF, it is necessary to check what is included in the fund. By 2018, it has been reported that The United States Securities and Exchange Commission (SEC) is considering the idea of creating a Bitcoin-ETF. A Bitcoin-ETF would be an investment tool using Bitcoin as the main asset. The main purpose of it would be to facilitate the investing process into cryptocurrency and make it more attractive for the community. This is just a nice stept and we hope it the community accepts it.

ghosong

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Activity: 364

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Quote from: Emmax on July 23, 2018, 03:35:33 AM

A great deal of cryptocurrency proponents are hoping for a positive outcome when the US Securities Exchange Commission (SEC) decides on whether or not they will approve the latest bitcoin-based ETF application file by Cboe. The US regulator had asked for public opinion concerning the ETF again, and this time around the number of responses sent to the regulator is 10X the amount that was sent this past April. What do you guys think?

This is a way to fight the issue of negative issues about Bitcoin to restore fading investor confidence, as well as to strengthen the faith of Bitcoin holders. Here in the world of cryptocurrency trading where nearly 95% of the news we see that does not affect Bitcoin is surprisingly influential because many people make it a kind of catalyst to start price movements for what they want.

Jannn

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It doesn't look like Bitcoin ETFs will be approved until the issue of potential price manipulation is resolved, and that's not going to happen until the market cap gets so high that even the whales cannot manipulate its price. So don't hold your breath to seeing ETFs accepted within the next year, as it's probably not gonna happen.

cmaxwell

newbie

Activity: 195

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this news is a great one as it will arouse the interest of investors who had already loosed hope on the fact that bitcoin can rise again.and i believe the investment objective of the Trust is for “the Shares to reflect the performance of the price of bitcoin, less the expenses of the Trust’s operations. The Trust intends to achieve this objective by investing substantially all of its assets in bitcoin traded primarily in the over-the-counter (OTC)

alp

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Quote from: Emmax on July 23, 2018, 03:35:33 AM

A great deal of cryptocurrency proponents are hoping for a positive outcome when the US Securities Exchange Commission (SEC) decides on whether or not they will approve the latest bitcoin-based ETF application file by Cboe. The US regulator had asked for public opinion concerning the ETF again, and this time around the number of responses sent to the regulator is 10X the amount that was sent this past April. What do you guys think?

As far as I know from the news, was waiting for the decision of the SEC will be in August, but moved back this decision and the meeting on September 30. Therefore, until this time, bitcoin and all cryptocurrencies will be at a low level. patience friends )))

frankerstein

newbie

Activity: 65

Merit: 0

We wish SEC to approve Bitcoin ETF so as to bring more people to crypto landscape. However, I really don't think as that much importance to someone who can already trade btc on exchanges, instead focusing on crypto derivatives might be a good idea. What say people?? Undecided

ohkkstaaahp

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Merit: 10

“The Premier Digital Asset Management Ecosystem”

This is good news for us to buy this coin

tunapa

jr. member

Activity: 667

Merit: 1

I think we should try and look beyond this ETF and SEC issues. It might be a form if distraction and manipulation in this spaces. We will just keep our holes high and we might wait and nothing will happen. Lets keep hope alive.

ralph_0608

full member

Activity: 406

Merit: 104

If the ETF would be posponed again which is more likely to happen probably bitcoin price may try to settle down or this should be a short recovery in an uptrend direction as the rejection of etf seems already slowly absurb by the crypto market and investors may try to start accumulsting if this sell down would continue. lets se if on november the bakkt would be come in reality and help boost bitcoin price

Teawhalee

copper member

Activity: 482

Merit: 1

I think the issue I being taking more time than its suppose to be and it seemed everything depends on it. But this is actually going to take more time than we expected. It might be a intentional act just to frustrate investors and the community. Whichever way, we are here to stand with Bitcoin, cryptocurrency.

ambisyon

jr. member

Activity: 322

Merit: 1

I believe that once SEC will approve the ETF that will happen soon in September 21, 2018, this may have a positive impact in the cryptocurrency market. Thus, it may have the chance of pulling the down trend mode back to the usual market it was before like btc @ 7.5K USD and other altcoins to follow bringing back the market back to it's positive condition.

quarzazatete

newbie

Activity: 55

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A give you a quick deep dive what you need to know about a Bitcoin ETF, the SEC, why we need it and when the first Bitcoin ETF becomes true:

https://medium.com/@flowconomics/1-bitcoin-etf-the-status-quo-5caed3b8fff6

darkangel11

legendary

Activity: 2296

Merit: 1335

Don't let others control your BTC -> self custody

We will most likely not see a decision this month, but it's going to come. Sec is not there to stop BTC nor it is there to tell people what they can or cannot invest into. They're only trying to make it safer and make sure the people who are launching ETFs know what they're doing. Winklevoss twins didn't because they wanted to launch ETFs through their own small exchange that could at any moment get hacked and all people's savings would disappear. If you want to do it you have to be bigger than that and CBOE surely is.

inesterdd

member

Activity: 292

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According to my assumption, some uncle with a large wallet has bitcoin, thus he will definitely try to wait for the approval of the ETF at any cost to cash out his crypto currency! And for us, it will give a good profit.

Namara

newbie

Activity: 182

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Quote from: Emmax on July 23, 2018, 03:35:33 AM

A great deal of cryptocurrency proponents are hoping for a positive outcome when the US Securities Exchange Commission (SEC) decides on whether or not they will approve the latest bitcoin-based ETF application file by Cboe. The US regulator had asked for public opinion concerning the ETF again, and this time around the number of responses sent to the regulator is 10X the amount that was sent this past April. What do you guys think?

I am putting my trust on that, because we need to develop somehow and continue on going! Probably ETF will be the thing which will improve us on the way we go.

cryptohipo

jr. member

Activity: 322

Merit: 1

Such coin will not have any effect on bit coin as bit coin is already established. But according to the news; I can say that this etf will be approved as it has gotten many responses. But we cannot say anything about their impact on this market after the launching.

RehitUpon

newbie

Activity: 77

Merit: 0

From my point of view everything is so positive. The regulator asked for public opinion about bitcoin EFT. Almost 90 percent people are react positively for this issue. So I believe it will approve by SEC.

Topic: Latest news about bitcoin ETF decision (Read 1813 times)