SEC said: ETH is different from BTC. Hint at ETF approval?

kc.

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uh-huh

Quote from: vsyc on May 30, 2017, 04:12:49 PM

Quote from: leopard2 on May 30, 2017, 03:56:54 PM

http://www.coindesk.com/will-regulators-accept-bitcoin-etfs/

The SEC declined comment when asked if it would treat an ether-based application differently, but in its official notice of the fund's application, it recognized at least one major difference: "nlike bitcoin, ether was not designed to function purely as a store of value."

Possibly, SEC is getting alot of pressure from institutional investors to approve crypto ETF, and now they can save face, by saying ETH is not BTC, we approve ETH fund blah blah blah

Which means ETH could be mooning soon...300...500.... Grin

LOL it says that ETH is useless bubble burst that will decline to its 10USD, whereas BTC is "store of value". LOL poor kitty believes that ETH will shot hahaha it has nothing in it and will be eaten by ETC, or forked again due to some bug and again, and again LOL!

I think you're mentally challenged and are mad that you missed the ETH train.

Ayers

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Leading Crypto Sports Betting & Casino Platform

Quote from: vsyc on May 30, 2017, 04:12:49 PM

Quote from: leopard2 on May 30, 2017, 03:56:54 PM

http://www.coindesk.com/will-regulators-accept-bitcoin-etfs/

The SEC declined comment when asked if it would treat an ether-based application differently, but in its official notice of the fund's application, it recognized at least one major difference: "nlike bitcoin, ether was not designed to function purely as a store of value."

Possibly, SEC is getting alot of pressure from institutional investors to approve crypto ETF, and now they can save face, by saying ETH is not BTC, we approve ETH fund blah blah blah

Which means ETH could be mooning soon...300...500.... Grin

LOL it says that ETH is useless bubble burst that will decline to its 10USD, whereas BTC is "store of value". LOL poor kitty believes that ETH will shot hahaha it has nothing in it and will be eaten by ETC, or forked again due to some bug and again, and again LOL!

i don't know ETC is very small, and ETH is very strong now, with 0.1 btc value, how are you going to kill a coin with a so huge marketcap, almost near the oen of bitcoin, and it still growing? when ETH will go pos, the value will go higher even more because mienrs can not dump anymore, i think ETH is the only one that can comepte with bitcoin now

DRaGoN RaNTaRo

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Quote from: ?? on ??

If the SEC approves an ETF for ETH then it's a good year for ICO ponzis and scams.

That is the exact thing even i am thinking,what makes SEC decides these factors,they reject bitcoin saying it is highly volatile and have unregulated markets and now they think that ETH is different,may be they know that it is centralized after all Grin

so they could control the valuations and stuff like that and that might have made them to take a stand like this. Cheesy

jamesqy

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Quote from: leopard2 on May 30, 2017, 03:56:54 PM

http://www.coindesk.com/will-regulators-accept-bitcoin-etfs/

The SEC declined comment when asked if it would treat an ether-based application differently, but in its official notice of the fund's application, it recognized at least one major difference: "nlike bitcoin, ether was not designed to function purely as a store of value."

Possibly, SEC is getting alot of pressure from institutional investors to approve crypto ETF, and now they can save face, by saying ETH is not BTC, we approve ETH fund blah blah blah

Which means ETH could be mooning soon...300...500.... Grin

I think it's your misunderstanding. The SEC did not say or imply what you said.

JoltCola

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ETH will never get an ETF. It was launched with an IPO that wasn't registered with US financial markets. Think about that for a second. An illegal IPO.. I'm surprised this coin has come this far.

I doubt we'll ever see a Bitcoin ETF. The price is still volatile and BTC is not regulated and probably never will be. The whole ETF thing is just a vehicle for pumping.

lookrie

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The problems the SEC listed with bitcoin are not really different with ETH and even worse in my opinion because of its much lower trading volume. In its current state I don't think ETH could ever get an ETC approval before bitcoin but of course things can and do change very fast in crypto.

Red-Apple

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SEC when denying bitcoin's ETF which has been worked on for a very long time, said that it is because bitcoin is not regulated and it is volatile.

now ETH ETF is not even worked on, nobody who is worth mentioning is even suggesting anything (unlike Bitcoin and Winkelvoss and others). and ETH is not regulated and it is even more volatile. not to mention it had a big ICO!!

i can't think of any reason for them to accept ETH ETF and not BTC ETF other than getting bribed or having some profits in it themselves.

Idrisu

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Quote from: jawatulen on May 30, 2017, 04:10:17 PM

thats good news for ETH,, so this is just the beginning for eth to start the rally.
beside in technically eth is on the way on it

The same thought I have with you. It is good news for Eth and also good news for bitcoin. Mostly good news for other coins do affect bitcoin positively and if ETF get approval from sec using Ethereum then expect eth to fly to the moon.

jd8511

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I heard that Putin had a brief conversation with Vitalik, that's a great news for Ethereum.

SaShiRaJaVu

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Even i have read an article yesterday that Vitalik Buterin is trying his level best of convince people with authority to shake things up for Ethereum and he is on a world wide tour meeting business personalities and politicians and i would say he is the only developer who is doing that in the crypto space and Vitalik Buterin had his eyes on the Chinese market and there will be more investments and projects coming out from China.

FlexiN

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Ethereum going to the uptrend with possibility to trade in china with HUOBI and with this probably adoption by the SEC, it's fucking awesome for US ETH to the moon Grin

raiblock

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I think it would be better suited for eth than for bitcoin.
Etf is more for the business venture/capitalist who would invest into this asset for the market.
Eth was created out of the need for something that focuses towards the business consumers who want the blockchain to be part of the banking system.
And ethereum bridges that gap between the banks and bitcoin in using the blockchain.

European Central Bank

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the majority of ethereum's volume is on markets even more uncontrollable than bitcoin's.

can you imagine the sec trying to police korea and poloniex? on what planet would they approve that?

if it did pass it would go to show there was some even more serious money talking and their credibility would be thrown down the crapper.

vsyc

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Quote from: leopard2 on May 30, 2017, 03:56:54 PM

http://www.coindesk.com/will-regulators-accept-bitcoin-etfs/

The SEC declined comment when asked if it would treat an ether-based application differently, but in its official notice of the fund's application, it recognized at least one major difference: "nlike bitcoin, ether was not designed to function purely as a store of value."

Possibly, SEC is getting alot of pressure from institutional investors to approve crypto ETF, and now they can save face, by saying ETH is not BTC, we approve ETH fund blah blah blah

Which means ETH could be mooning soon...300...500.... Grin

LOL it says that ETH is useless bubble burst that will decline to its 10USD, whereas BTC is "store of value". LOL poor kitty believes that ETH will shot hahaha it has nothing in it and will be eaten by ETC, or forked again due to some bug and again, and again LOL!

jawatulen

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thats good news for ETH,, so this is just the beginning for eth to start the rally.
beside in technically eth is on the way on it

leopard2

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http://www.coindesk.com/will-regulators-accept-bitcoin-etfs/

The SEC declined comment when asked if it would treat an ether-based application differently, but in its official notice of the fund's application, it recognized at least one major difference: "nlike bitcoin, ether was not designed to function purely as a store of value."

Possibly, SEC is getting alot of pressure from institutional investors to approve crypto ETF, and now they can save face, by saying ETH is not BTC, we approve ETH fund blah blah blah

Which means ETH could be mooning soon...300...500.... Grin

Topic: SEC said: ETH is different from BTC. Hint at ETF approval? (Read 1172 times)