Topic: SolidX , SEC verdict 30th March - page 2. (Read 1390 times)
Bit Off topic but seconds after i started this thread Bitcoin gained around 40 USD . So you are welcome fellow bitcoiners
i am interested to know why they haven't withdrawn it.
While the majority of the people here don't even bet a single penny on the approval of the SolidX ETF, SolidX itself from here has nothing to lose. Maybe they even have certain hopes since this ETF enjoys a great level of fund insurance, that the SEC might take that into consideration when it comes to making a final decision. I just don't understand why the Winklevoss brothers didn't offer any sort of insurance to its potential investors.
right on , you did say something important there. SolidX offers 125M insurance on 1M initial offering . I think SEC are going to look at Solidx with diffrent eyes . Also do not forget about the bitcoin investment trust , they got listed .
I think it was just the reason that was easiest to present.
it also makes total sense. they're duty bound to turn down something unless they have the full ability to do the job they were created to do.
i am interested to know why they haven't withdrawn it.
While the majority of the people here don't even bet a single penny on the approval of the SolidX ETF, SolidX itself from here has nothing to lose. Maybe they even have certain hopes since this ETF enjoys a great level of fund insurance that the SEC might take that into consideration when it comes to making a final decision. I just don't understand why the Winklevoss brothers didn't offer any sort of insurance to its potential investors.
it's a 100% no. there's absolutely nothing solidx can change about the main things the sec objected to. the rejection was all about the overall state of the bitcoin market.
i am interested to know why they haven't withdrawn it.
i am interested to know why they haven't withdrawn it.
Yes, reason they gave us for rejection was regulation. I think it was just the reason that was easiest to present. They couldnt say , We do not trust the twins because they sit on shitloads of bitcoin.
I think SolidX has better " case " going for it but it is 99% sure it will be rejected. Now as you said why did they not withdraw and why do we not have hype of solidx pushing the price up
it's a 100% no. there's absolutely nothing solidx can change about the main things the sec objected to. the rejection was all about the overall state of the bitcoin market.
i am interested to know why they haven't withdrawn it.
i am interested to know why they haven't withdrawn it.
We all know the twins ETF got rejected. But we do not talk about what SolidX got going for it compared to ETF.
wanker twins own alot of bitcoin and i am sure SEC were thinking this would make them partial and would also make it easier for price manipulation for their ETC on SEC. SolidX do not own any Bitcoins so they are not partial and less risk for SEC
Twins ETF COIN is based on WINDEX index but SolidX is not. Twins ETF use their own Gemeni Exchange to set portfolio value. Again another chance for price manipulation. SolidX is more open and diversified using indipendent and respected services to buy and sell and store Bitcoins and tracking prices/Value. Als their Bitcoin holdings will be insured for 125M USD! that is for 1M initial offering.
there might be a small chance SolidX might have a shot.
What you germs and ladies think?
EDIT: had to add several other points that shows SolidX has things going for it
wanker twins own alot of bitcoin and i am sure SEC were thinking this would make them partial and would also make it easier for price manipulation for their ETC on SEC. SolidX do not own any Bitcoins so they are not partial and less risk for SEC
Twins ETF COIN is based on WINDEX index but SolidX is not. Twins ETF use their own Gemeni Exchange to set portfolio value. Again another chance for price manipulation. SolidX is more open and diversified using indipendent and respected services to buy and sell and store Bitcoins and tracking prices/Value. Als their Bitcoin holdings will be insured for 125M USD! that is for 1M initial offering.
there might be a small chance SolidX might have a shot.
What you germs and ladies think?
EDIT: had to add several other points that shows SolidX has things going for it
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