Solid X ETF - page 2. | Bitcointalksearch.org

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: york780 on March 27, 2017, 03:49:45 PM

We could still use a small pump, and i hope that this ETF will be a trigger for that

Legitimate demand is all we need. Haven't you noticed that the $1000 mark is somewhat of a stronghold mark?

It was just 2 days ago that the price dipped below $900 at the time the market was in full panic. See now, we're back where we belong. That's much better than pumps that don't last.

And no, this ETF isn't doing anything for the price as people simply don't have any confidence in this ETF when it comes to its approval. I think we have had enough hypes for now. Let's just build further on legitimate demand.

york780

sr. member

Activity: 392

Merit: 250

We could still use a small pump, and i hope that this ETF will be a trigger for that

richardsNY

legendary

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Quote from: maku on March 27, 2017, 03:02:14 PM

It is useless to think that after Winklevoss Coin ETF was rejected we will have another ETF accepted.
SEC stated that they are not approving COIN because there is risk inherently linked to bitcoin features.
Mainly fact that bitcoin can't be regulated and controlled - so ETF very little control over the asset itself.
To be accpted by SEC, ETF needs to come up with some solution to minimize risks of investors to suffer extreme losses first.

Bitcoin is and will always remain a free market where any entities with deep pockets can potentially move the market in their preferred direction. If you take their reason for disapproval for granted the last time, then they basically will never approve any sort of Bitcoin related ETF. However, the SolidX ETF has an insurance policy over their holdings till an amount of $125 million. It raises the chances slightly, but I don't think it will do much for the SEC.

maku

legendary

Activity: 1288

Merit: 1000

It is useless to think that after Winklevoss Coin ETF was rejected we will have another ETF accepted.
SEC stated that they are not approving COIN because there is risk inherently linked to bitcoin features.
Mainly fact that bitcoin can't be regulated and controlled - so ETF very little control over the asset itself.
To be accpted by SEC, ETF needs to come up with some solution to minimize risks of investors to suffer extreme losses first.

d5000

legendary

Activity: 3906

Merit: 6249

Decentralization Maximalist

Trying to find some links for this ETF:

Original Filing with the SEC

Filing detail

NYSE Arca Rulemaking (here the final approval/disapproval order should be published, see under "SR-NYSEArca-2016-101")

There seems to have been a recent amendment in early March:

Amendment No. 3

Supplemental data

~~Maybe related, but probably is another asset~~ (Edit: that is the Grayscale ETF)

"Bitcoin Investment Trust"

DeathAngel

legendary

Activity: 3234

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#1 VIP Crypto Casino

I don't think there's any point getting our hopes up over this ETF gaining approval. After the twins failed attempt I doubt this one will see a similar speculative price rise.

gentlemand

legendary

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Welt Am Draht

Quote from: HabBear on March 27, 2017, 01:37:52 PM

Guy, there wasn't a dump after the first ETF rejection...in fact the price of Bitcoin surged after the news!

There most certainly was. It was very rapid but also very extreme as well. It was all over with great rapidity though.

HabBear

hero member

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Quote from: manselr on March 11, 2017, 12:59:48 PM

So I predict another dump.

Guy, there wasn't a dump after the first ETF rejection...in fact the price of Bitcoin surged after the news!

The recent drop seems to be more timed with increased hard fork speculation. The government deciding not to intervene or participate in bitcoin has never been a bad thing for bitcoin.

york780

sr. member

Activity: 392

Merit: 250

3 days to go guys! Maybe we will see one more bulltrap that day like Winklevoss ETF. I am still thinking that the huge drop was caused because winklevoss where dumping their stash when they heart the news. Anyone knows how much bitcoin the SolidX fund holds?

hase0278

hero member

Activity: 882

Merit: 544

Even if solid x ETF will be approved or not I doubt if it will really be significant to bitcoin's price since the last ETF that happened proved that it is not significant in price if ETF is rejected there might be a dump but it will not be that big. I won't hope that Solid X ETF will be approved though there is the high chance of it being rejected too but I want to see what will happen if it is approved.

HTML6

newbie

Activity: 42

Merit: 0

They won't approve the ETF because bitcoins can't be regulated so people need to get over the idea of having an ETF that's based on bitcoin prices. Maybe if part of someone's company was invested in bitcoins there would be a chance of that happening but basing a fund solely off of the price of bitcoins can't happen.

FiendCoin

sr. member

Activity: 462

Merit: 263

The devil is in the detail.

Quote from: travwill on March 11, 2017, 01:23:14 PM

For SolidX, they will likely push back the decision, or decline it. I'd expect them to delay it for the 2-3 times they can, up to like 180 days.

There is no reason now to push back the decision. It should be outright rejected on regulation claims, just like COIN. The regulatory environment is not going to change this year. Who knows how long if ever, an ETF will be approved in the US. Maybe after a few other counties with more liberal policies towards regulation allows Bitcoin ETFs. I wouldn't expect much of a drop when other ETFs are rejected.

travwill

sr. member

Activity: 1313

Merit: 278

For SolidX, they will likely push back the decision, or decline it. I'd expect them to delay it for the 2-3 times they can, up to like 180 days.

~Bitcoin~

legendary

Activity: 994

Merit: 1000

Thankfully market didn't remain dumped after ETF got declined yesterday and it is already recovering from that panic dump. Personally i don't think the pump we were seeing from last few weeks are not solely due to ETF hype so after someday price may start again to surge like before.

Talking about any other bitcoin ETF that will apply to get approved by SEC, i think answer from them will be same a BIG NO. Grin

European Central Bank

legendary

Activity: 1288

Merit: 1087

one thing it has shown is that interest is intense in this type of thing. we might be seeing less permissioned versions springing up like gbtc or the swedish etn.

Quote from: Lauda on March 11, 2017, 01:15:06 PM

Quote from: cellard on March 11, 2017, 01:11:29 PM

Well, the Solid X ETF introduces some changes, I think it is safer than the Winklevoss one so who knows.

Which changes?

they had a different insurance set up. but that does nothing to address the core reasons for the rejection.

york780

sr. member

Activity: 392

Merit: 250

We must not hype it or we will see the same effect as yesterday. Yes good profit when you choose the right side on short term, but its realy damages bitcoin's trust and so we lose investors for the long run.

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

I can't find the proper links for this one. Could you provide some?

Quote from: manselr on March 11, 2017, 12:59:48 PM

In March 30th, Solid X will try to get their ETF passed. We saw that Winklevoss ETF got rejected because SEC "can't regulate bitcoin". I fail to see how the outcome of this one will be any different. So I predict another dump.

Post the link to their application.

Quote from: cellard on March 11, 2017, 01:11:29 PM

Well, the Solid X ETF introduces some changes, I think it is safer than the Winklevoss one so who knows.

Which changes?

cellard

legendary

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Quote from: FiendCoin on March 11, 2017, 01:05:48 PM

All the ETFs should get rejected for the same reason. It would be strange for the SEC to approve one now.

Well, the Solid X ETF introduces some changes, I think it is safer than the Winklevoss one so who knows.

Also, since the market already knows how bitcoin will react to an ETF disapproval, precisely because of that maybe there is no dump but

1) nothing happens
2) it actually pumps

No way to know.

york780

sr. member

Activity: 392

Merit: 250

Lets HYPE again! Maybe i make an another ETF aproval vs dissaproval pol ^^. On topic: we all know for 99% that SEC will deny it. So its better to forget about ETF Solid X

FiendCoin

sr. member

Activity: 462

Merit: 263

The devil is in the detail.

All the ETFs should get rejected for the same reason. It would be strange for the SEC to approve one now.

Topic: Solid X ETF - page 2. (Read 2086 times)