Topic: SEC delays decision on ETF again, Vaneck, SolidX withdraw proposal - page 5. (Read 1521 times)
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June 06, 2019, 12:31:05 PM
I am not surprised if SEC delays ETF again because that is happening in many times. Bitcoin doesn't need ETF, and the price will increase after all, even if they delay the decision. There is a time for people to buy more bitcoin while the price is low, and the price will get high. I think many people still waiting for the SEC decision, but I don't know if they still waiting or not because SEC still delays until now.
June 06, 2019, 12:08:36 PM
they are just always bullshit, and actually we don't really need ETF anymore if they don't do it right away. because I believe this market will continue to grow as in previous years without ETF.
ETF or no ETF I strongly believe that bitcoin is going to grow in some months to come. This ETF approvals application has affected bitcoin more than we think and if we really want to make progress in cryptocurrencies development then we have to keep this ETF issues aside and focus of bitcoin and Cryptocurrency to be adopted by the society and not approval by some government agencies. June 04, 2019, 03:44:21 PM
Even without ETF the market grow and i think will continue grow even if again is some drop, the price will grow if people will start buy and new people will join crypto world.
June 04, 2019, 12:13:59 PM
they are just always bullshit, and actually we don't really need ETF anymore if they don't do it right away. because I believe this market will continue to grow as in previous years without ETF.
We are not thinking that ETF doesn't have a place in crypto, yet it have some importance and we want to know if it is effective to the run the market free from scamming activities. But we are too tired and not believing to be approved by SEC. Maybe you are right, we don't need it anymore if that ETF will only make a disatrous changes to the system. And it seems to favorable to us to have this kind of market without ETF.
June 04, 2019, 10:52:54 AM
they are just always bullshit, and actually we don't really need ETF anymore if they don't do it right away. because I believe this market will continue to grow as in previous years without ETF.
June 04, 2019, 10:29:11 AM
Agreed. The market did not react negatively when the announcement of the delay was made. This might be the beginning of the disbelief on the U.S. goverment's influence over the cryptospace. I also hope that Bitfinex will win versus the New York attorney general's office to show everyone that they cannot do anything to us with all their power hehehe.
It was expected that they will delay it once again, there was a time when the market would rally when the ETF decision was fast approaching and then die down on hearing that they rejected the proposal, now the market is tired of it and we very well know that the decision will not be coming this time too even though there were talks that they would accept them this time, no one wanted to trust on that news alone and the market has grown outside of those news. 
In that case, I reckon the regulators might finally approve it on October because the intended effect of the rejection on the market is not working anymore hehehe.
June 03, 2019, 05:14:30 PM
In that case, I reckon the regulators might finally approve it on October because the intended effect of the rejection on the market is not working anymore hehehe.
The SEC has clearly stated its concerns. I'm sure they don't feel any pressure when it comes to approving or rejecting this ETF. It's just another task on their list they have to check off.I am 99% sure that the SEC will reject it, but there is a chance that the proposal will be withdrawn by CBOE so that they afterwards can submit an improved version of it. It's still a waste of time in my book.
The fundamentals of the market as a whole haven't changed at all, where all the Tether fud isn't doing the CBOE a favor either. What if we crash back to $3000 again? Think the SEC will ignore that?
Look at the price, we went up a lot without all the ETF nonsense. We clearly don't need these tools to pump.
June 03, 2019, 09:33:51 AM
The SEC approval is still only one step, it takes many months after the approved proposal once ETF will go live. All of ETFs will be rejected and maybe Vaneck one, thanks to the smart trick will succeed next year or 2020. However the impact of Vaneck ETF will by very limited, or you think that average Joe has equivalent of 25btc to buy a share of the ETF? Why minimum is 25 btc? Because Vaneck used this trick to persuade SEC that they won't have to be worried about average Joe as he will never be able to invest in this ETF because of the huge minimum order. At the end, Vaneck's arguments in the propasal are very similar despite to a play with words. No companies which sent proposals are capable to provide hundreds thousands of bitcoins as insurance and "persuade" the SEC.
June 03, 2019, 08:38:56 AM
Agreed. The market did not react negatively when the announcement of the delay was made. This might be the beginning of the disbelief on the U.S. goverment's influence over the cryptospace. I also hope that Bitfinex will win versus the New York attorney general's office to show everyone that they cannot do anything to us with all their power hehehe.
It was expected that they will delay it once again, there was a time when the market would rally when the ETF decision was fast approaching and then die down on hearing that they rejected the proposal, now the market is tired of it and we very well know that the decision will not be coming this time too even though there were talks that they would accept them this time, no one wanted to trust on that news alone and the market has grown outside of those news. In that case, I reckon the regulators might finally approve it on October because the intended effect of the rejection on the market is not working anymore hehehe.
June 02, 2019, 09:40:26 PM
Agreed. The market did not react negatively when the announcement of the delay was made. This might be the beginning of the disbelief on the U.S. goverment's influence over the cryptospace. I also hope that Bitfinex will win versus the New York attorney general's office to show everyone that they cannot do anything to us with all their power hehehe.
It was expected that they will delay it once again, there was a time when the market would rally when the ETF decision was fast approaching and then die down on hearing that they rejected the proposal, now the market is tired of it and we very well know that the decision will not be coming this time too even though there were talks that they would accept them this time, no one wanted to trust on that news alone and the market has grown outside of those news. In that case, I reckon the regulators might finally approve it on October because the intended effect of the rejection on the market is not working anymore hehehe.
May 23, 2019, 10:47:04 AM
Another delay by the SEC. However, Tom Lee's prediction of an all time high of $25k might become true on the day before the approval of the SEC's deadline day, October 18. I speculate that it might be the last of the delays.
They keep on delaying it and won't be surprised if by the final deadline, they will declare another delay and extension.Are we still considering it as something big? well it's kind of big if it will be approved but we're too tired of it. I'd guess that we're focusing now with the bull run with or without these ETF approvals.
Agreed. The market did not react negatively when the announcement of the delay was made. This might be the beginning of the disbelief on the U.S. goverment's influence over the cryptospace. I also hope that Bitfinex will win versus the New York attorney general's office to show everyone that they cannot do anything to us with all their power hehehe.
Inreal life, I don’t think any decision they make will practically have any much effect on the cryptocurrency market. There are so many things that have happened greater than SEC and still didn’t have any negative effect on BTC. This crypto market strictly depends on the number of adoption and adoption is more than what SEC can even facilitate.
May 22, 2019, 01:05:23 PM
Agreed. The market did not react negatively when the announcement of the delay was made. This might be the beginning of the disbelief on the U.S. goverment's influence over the cryptospace. I also hope that Bitfinex will win versus the New York attorney general's office to show everyone that they cannot do anything to us with all their power hehehe.
It was expected that they will delay it once again, there was a time when the market would rally when the ETF decision was fast approaching and then die down on hearing that they rejected the proposal, now the market is tired of it and we very well know that the decision will not be coming this time too even though there were talks that they would accept them this time, no one wanted to trust on that news alone and the market has grown outside of those news. May 22, 2019, 11:33:37 AM
Shower thought. It's the institutional investors/whalecumulators that's controlling the SEC to keep delaying the approval because they want as much coin supply in their custody before 6 digit FOMO, then approve ETF, then let the plebs hold only the ETFs, and the private keys are always under whalecumulator control.
I think it is more that the SEC simply won't approve an ETF until Wall St has built up some bitcoin infrastructure, since that is what the SEC considers "regulated'. In the end it means the same thing as what you're saying, ETF probably won't be approved until institutional investors have accumulated a decent amount of coins using the infrastructure they've built for themselves. This is starting now (Fidelity, BAKKT) but I think the SEC will wait for more to be built up before it considers the market regulated enough.
I'd put the likelihood of an ETF approval this year at a very low chance. A year from now though there should be a young but budding bitcoin industry operating on Wall St so I'd put the likelihood of ETF in 2020 at like 40%. I doubt SEC will first approve an ETF during a bear market or near the late bull mania phase, and since the bull market will probably peak and then start to crash in 2021, I think 2021 might actually not be too likely if an ETF hasn't already happened. So if it doesn't happen in 2020 or perhaps early 2021 if the bull run hasn't gotten too crazy by then, I think we'll be waiting until 2022 or 2023 at which time they will definitely approve an ETF. But who knows!
May 21, 2019, 10:22:19 PM
Another delay by the SEC. However, Tom Lee's prediction of an all time high of $25k might become true on the day before the approval of the SEC's deadline day, October 18. I speculate that it might be the last of the delays.
They keep on delaying it and won't be surprised if by the final deadline, they will declare another delay and extension.Are we still considering it as something big? well it's kind of big if it will be approved but we're too tired of it. I'd guess that we're focusing now with the bull run with or without these ETF approvals.
Agreed. The market did not react negatively when the announcement of the delay was made. This might be the beginning of the disbelief on the U.S. goverment's influence over the cryptospace. I also hope that Bitfinex will win versus the New York attorney general's office to show everyone that they cannot do anything to us with all their power hehehe.
May 21, 2019, 06:22:35 AM
Shower thought. It's the institutional investors/whalecumulators that's controlling the SEC to keep delaying the approval because they want as much coin supply in their custody before 6 digit FOMO, then approve ETF, then let the plebs hold only the ETFs, and the private keys are always under whalecumulator control.
May 21, 2019, 06:14:18 AM
SEC delays decision on ETF again, so that is their problem. This was expected to me, and to the most of people. Look at the market, no one cares about ETFs. USA could miss the train.
Crypto does not need ETFs. ETFs will be something like fake BTC, and you can not do anything with ETF other than speculate on BTC price.
Crypto does not need ETFs. ETFs will be something like fake BTC, and you can not do anything with ETF other than speculate on BTC price.
May 21, 2019, 06:06:59 AM
Another delay by the SEC. However, Tom Lee's prediction of an all time high of $25k might become true on the day before the approval of the SEC's deadline day, October 18.
No ETF will be approved by the SEC in 2019 and very likely not even in 2020. We aren't even sure if Bakkt will manage to pull off a launch with how hesitant the CFTC is, and that with how the CFTC has been pretty loose with its approvals in the past, so don't hope for things that you can't exercise control over.If anything, the odds of an ETF have turned against us more than ever before with plenty of volume manipulation, Bitfinex & Tether, etc.
I speculate that it might be the last of the delays.
Unless the proposal gets withdrawn and refilled. May 21, 2019, 05:59:25 AM
Another delay by the SEC. However, Tom Lee's prediction of an all time high of $25k might become true on the day before the approval of the SEC's deadline day, October 18. I speculate that it might be the last of the delays.
They keep on delaying it and won't be surprised if by the final deadline, they will declare another delay and extension.Are we still considering it as something big? well it's kind of big if it will be approved but we're too tired of it. I'd guess that we're focusing now with the bull run with or without these ETF approvals.
May 21, 2019, 03:17:47 AM
there is something strange here, they have postponed this problem for quite a long time. I still don't understand what they really want, this is the last time they delay an ETF.
The most important thing in this was that it was not "disapproval" this time but delaying. It mean the sec is going to approve etf one day and that day is closer now than when the idea of etf come up. It has affected bitcoin price no doubt but that do not mean when it is finally approved it is not going to influence the price. May 20, 2019, 10:47:12 PM
Another delay by the SEC. However, Tom Lee's prediction of an all time high of $25k might become true on the day before the approval of the SEC's deadline day, October 18. I speculate that it might be the last of the delays.
Tom Lee in the eyes of everyone after all time high of $25k
The SEC has again delayed its decision on whether to allow a proposed rule change that would enable the VanEck SolidX Bitcoin Trust exchange-traded fund (ETF) to issue and list its shares.
According to a filing published on Thursday by the SEC, the public has 21 days from when the order is published in the Federal Register to submit comments on the ETF, and rebuttals to those comments are due 35 days after such publication.
As highlighted by attorney Jake Chervinsky in a recent tweet, the SEC has a new deadline of August 19, but investors should fully expect there to be another delay pushing things to the final deadline of October 18.
Source https://sludgefeed.com/bitcoin-remains-steady-after-sec-delays-etf-decision/
Tom Lee in the eyes of everyone after all time high of $25k
The SEC has again delayed its decision on whether to allow a proposed rule change that would enable the VanEck SolidX Bitcoin Trust exchange-traded fund (ETF) to issue and list its shares.
According to a filing published on Thursday by the SEC, the public has 21 days from when the order is published in the Federal Register to submit comments on the ETF, and rebuttals to those comments are due 35 days after such publication.
As highlighted by attorney Jake Chervinsky in a recent tweet, the SEC has a new deadline of August 19, but investors should fully expect there to be another delay pushing things to the final deadline of October 18.
Source https://sludgefeed.com/bitcoin-remains-steady-after-sec-delays-etf-decision/
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