Topic: [NEWS] [Update 4 - 9th August] Bitcoin ETF Versus SEC - Who'll win this time - page 2. (Read 324 times)
July 25, 2018, 08:58:05 AM
This is the biggest reason for a rise this year, we can have a new price level in the case of approval, FOMO has already begun, and if approved, should exceed 10k and have strong support in this area.
July 25, 2018, 08:40:16 AM
We all were eagerly waiting for 10th august to know the SEC's decision. Now we have to wait a bit more to know that 
https://www.coindesk.com/sec-delays-decision-on-direxions-bitcoin-etfs-until-september/
Personally I think it's good for the market and also it shows that SEC members are thinking a bit more before coming to any decision. Since the proposal asked for the wider public comments, 100's of comments have been made on there proposal and needless to say mostly in favor of supporting the ETF approval move. Also it keeps the hope alive among the investors and crypto world people.
https://www.coindesk.com/sec-delays-decision-on-direxions-bitcoin-etfs-until-september/
Personally I think it's good for the market and also it shows that SEC members are thinking a bit more before coming to any decision. Since the proposal asked for the wider public comments, 100's of comments have been made on there proposal and needless to say mostly in favor of supporting the ETF approval move. Also it keeps the hope alive among the investors and crypto world people.
But it doesn't include the CBoE Bitcoin ETF application isn't it? They only delay is the Direxions so the Aug 10 is still on scheduled unless they postponed it as well. The most critical ETF application is CBoE, all eyes are watching because its going to make ror break the ecosystem. This delay with Direxions applications will be moot when the CBoE decision is given out in Aug 10.
July 25, 2018, 08:31:02 AM
Once again, an attempt is made by the opponents of bitcoin to put the poles in the wheels of the cryptual currency that is already flying at all pairs of the train.
My opinion is that this pause in 8 weeks only strengthened the position of bitcoin.
My opinion is that this pause in 8 weeks only strengthened the position of bitcoin.
Yeah, that's what I think too. BTC already at higher side of RSI, so it needed bit of breathing before another bull run, but because of this ETF news going to come on 10th aug, it wasn't getting that breathing space. Now it can stabilize around 8k for a week or so and start another bull run.
July 25, 2018, 08:28:31 AM
Prolonging the decision opens more room for speculation, market movement, analysis etc., only for the ETF to be turned down again and cause the build up of the price to end in a grimly manner. While I like that they are trying to get some more time to think and reconsider all things that an ETF might bring, I'm quite anxious as to whether they'll really approve it or not. We've been through several ETF talks and none of them really materialized, so it might be the same scenario, just prolonging the anticipation of people and make the deep pockets profit from the hype.
Yes right, for the past as well these news becomes the profit makers for the big players or market movers. This is the first time though they asked for public opinions and posted the comments as it is. I like that they're trying to be more open and transparent with there this time. This news will give a breather to altcoins which were bleeding because of BTC's run on the upside, as well as BTC too will get stabilized around 8k now as it's already trading with 4,6,12hrs and daily RSI above of 70, which happened only in dec-jan bull run.
Let's see how this ETF drama pans out in the end, hoping for the best like all others
July 25, 2018, 08:24:20 AM
Once again, an attempt is made by the opponents of bitcoin to put the poles in the wheels of the cryptual currency that is already flying at all pairs of the train.
My opinion is that this pause in 8 weeks only strengthened the position of bitcoin.
My opinion is that this pause in 8 weeks only strengthened the position of bitcoin.
July 25, 2018, 08:22:05 AM
I saw some hilarious comments there lol
Seeing those comments I guess the SEC might move the dates again to may til December of this year due to these comments. You wouldn't thought those users have actually acquired bitcoin for themselves with such logic in theirs. If maybe those who have the right judgments and those who really knows who all these ETF works and bitcoin users can be at one page and agree to something that will convince the authorities.
July 25, 2018, 08:15:57 AM
I think SEC will finally approve bitcoin ETF this year. Some well known companies already entered and more are willing and SEC will see it. I think it is more on big companies in the US willing to consider bitcoin.
July 25, 2018, 08:14:30 AM
maybe they will delay it again just as they are delaying it since 2017
July 25, 2018, 08:07:43 AM
Prolonging the decision opens more room for speculation, market movement, analysis etc., only for the ETF to be turned down again and cause the build up of the price to end in a grimly manner. While I like that they are trying to get some more time to think and reconsider all things that an ETF might bring, I'm quite anxious as to whether they'll really approve it or not. We've been through several ETF talks and none of them really materialized, so it might be the same scenario, just prolonging the anticipation of people and make the deep pockets profit from the hype.
July 25, 2018, 08:04:45 AM
Someone here on the forum had mentioned that it could be delayed and if
I remember right this also happened last year, there was a delay then also.
I also think it is good for the markets as it gives more time for them to
grow and for more people to speculate.
Personally im not sure why they would need another 8 weeks to make a
decision and i recon it will be approved anyway,
I remember right this also happened last year, there was a delay then also.
I also think it is good for the markets as it gives more time for them to
grow and for more people to speculate.
Personally im not sure why they would need another 8 weeks to make a
decision and i recon it will be approved anyway,
July 25, 2018, 07:57:18 AM
We all were eagerly waiting for 10th august to know the SEC's decision. Now we have to wait a bit more to know that
https://www.coindesk.com/sec-delays-decision-on-direxions-bitcoin-etfs-until-september/
Personally I think it's good for the market and also it shows that SEC members are thinking a bit more before coming to any decision. Since the proposal asked for the wider public comments, 100's of comments have been made on there proposal and needless to say mostly in favor of supporting the ETF approval move. Also it keeps the hope alive among the investors and crypto world people.
Update 1: It's mentioned in the article that this delay doesn't include CBoE Bitcoin ETF application and "none of the ETF proposals being postponed are from VanEck and SolidX", and CBoE will trade BTC shares backed by VanEck and SolidX trust. In total there are 5 ETF applications in process, one of them is from CBoE. So decision on CBoE application still may happen on 10th Aug.
Update 2: Out of 5, one of the ETF application filed by Winklevoss twins has been declined by SEC:
https://www.cnbc.com/2018/07/26/winklevoss-twins-bitcoin-etf-rejected-by-sec.html
https://cointelegraph.com/news/cnbc-winklevoss-twins-bitcoin-etf-application-rejected-by-sec
Update 3: (This is in context for the above update 2 where SEC rejected Winklevoss ETF application) - SEC commissioner disagrees with the SEC’s rebuttal - That's a very good sign
https://globalcoinreport.com/sec-commissioner-disagrees-with-sec-bitcoin-etf-rebuttal/
Update 4: SEC delayed the ETF for remaining 9 ETF's to 30th sept. Fate of all the 9 ETF's will be revealed in under 2 months. They're going to the same path as they did in last year.
https://www.coindesk.com/the-sec-will-decide-on-9-bitcoin-etfs-in-the-next-2-months/
https://www.coindesk.com/sec-delays-decision-on-direxions-bitcoin-etfs-until-september/
Personally I think it's good for the market and also it shows that SEC members are thinking a bit more before coming to any decision. Since the proposal asked for the wider public comments, 100's of comments have been made on there proposal and needless to say mostly in favor of supporting the ETF approval move. Also it keeps the hope alive among the investors and crypto world people.
Update 1: It's mentioned in the article that this delay doesn't include CBoE Bitcoin ETF application and "none of the ETF proposals being postponed are from VanEck and SolidX", and CBoE will trade BTC shares backed by VanEck and SolidX trust. In total there are 5 ETF applications in process, one of them is from CBoE. So decision on CBoE application still may happen on 10th Aug.
Update 2: Out of 5, one of the ETF application filed by Winklevoss twins has been declined by SEC:
https://www.cnbc.com/2018/07/26/winklevoss-twins-bitcoin-etf-rejected-by-sec.html
https://cointelegraph.com/news/cnbc-winklevoss-twins-bitcoin-etf-application-rejected-by-sec
Update 3: (This is in context for the above update 2 where SEC rejected Winklevoss ETF application) - SEC commissioner disagrees with the SEC’s rebuttal - That's a very good sign
https://globalcoinreport.com/sec-commissioner-disagrees-with-sec-bitcoin-etf-rebuttal/
Update 4: SEC delayed the ETF for remaining 9 ETF's to 30th sept. Fate of all the 9 ETF's will be revealed in under 2 months. They're going to the same path as they did in last year.
https://www.coindesk.com/the-sec-will-decide-on-9-bitcoin-etfs-in-the-next-2-months/
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