VanEck ETF proposal is extended for another 180 days

Slow death

legendary

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Quote from: atrocityx on September 20, 2018, 04:22:15 PM

1. Delay is not rejection... so as crazy as it may sound..maybe they are considering it?

They delay so that when they disapprove of people do not say they were unfair in their disapproval. is as if the SEC said, "we take a lot of time to analyze and we realize that there are many risks of manipulation and so we reproach" of course with that argument no one can criticize the SEC. this is my opinion

Quote from: atrocityx on September 20, 2018, 04:22:15 PM

3. Ethereum's price isn't reacting either, so the market is just accepting this news as indifferent.

ETH = $225

had an increase of 7% after this news, All altcoins reacted positively to this news

we will see next year what will be the final verdict

qiman

hero member

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I think this is not negative news in itself. It could have rejected this just like it did all the other ETF proposals, so i think the SEC is waiting for more infrastructure to roll out and exchanges to clean up their acts and then maybe allow the ETF to come in. Also we need to see other things come into play like BAAKT etc and more custodial services be provided. I believe once the SEC sees more of these types of initiatives comes through, it will allow for the roll out of the first ETF.

NeuroticFish

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Quote from: Herbert2020 on September 21, 2018, 12:53:27 AM

Quote

4. Whales didn't try to short the news because the short squeeze is too inevitable with trying to push below 6k here.

you don't short bitcoin every day of the week. they just did it recently. there needs to be some time before a "push down" happens otherwise they will lose money just like some of them lost money yesterday when they tried pushing it down and market reacted violently against them crushing these whales.

Actually a pump seems to just get attempted.
I am very curious if it's a trap or they just don't care about ETF anymore. They shouldn't have cared about the ETF this much on the first place.

BitcoinGuruOne

member

Activity: 364

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This is not a suprise in anyway,look a the market, it did not care also, it did not have any negative price action.
Maye the public pressure wil help but in general, they will not allow BTC ETF to go trough so soon.

I think that we will see ETh ETF sooner than BTC.

ajiejot

full member

Activity: 392

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This is really bad news for everyone, we can still expect more sideways in Bitcoin. But it is okay, we are still stable, and I believe that Bitcoin don't need ETF, they are just destroying the feature of Bitcoin. Bitcoin is decentralized, once the ETF will approve bitcoin will become volatile.

Haunebu

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Quote from: Herbert2020 on September 21, 2018, 12:53:27 AM

just like before SEC is only wasting time before they eventually reject this ETF too. nothing has changed compared to all the previous times they did the exact same thing with their constant delays and postpones. so their decision should not have changed either.

Quote from: atrocityx on September 20, 2018, 04:22:15 PM

Definitely a good sign looking at Bitfinex...

there isn't any signs anywhere. price is still the same as before with market not even reacting to it in any ways.

Quote

3. Ethereum's price isn't reacting either, so the market is just accepting this news as indifferent.

bitcoin ETF and the decision SEC makes about it has nothing to do with any of the altcoins including ETH!

Quote

4. Whales didn't try to short the news because the short squeeze is too inevitable with trying to push below 6k here.

you don't short bitcoin every day of the week. they just did it recently. there needs to be some time before a "push down" happens otherwise they will lose money just like some of them lost money yesterday when they tried pushing it down and market reacted violently against them crushing these whales.

I agree with all your points. This whole hype campaign that has been created around this proposal has been blown out of proportion in my opinion because I confidently feel that SEC will simply reject it at the end of the day.

Waiting 6 freaking months for a rejection is absolutely pointless in my opinion. The truth is that no one knows when we will see an year like 2017 again which is why I would not completely depend on cryptocurrencies for your daily wages.

Sandus_Cryptolover

jr. member

Activity: 482

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Quote from: Herbert2020 on September 21, 2018, 12:53:27 AM

just like before SEC is only wasting time before they eventually reject this ETF too. nothing has changed compared to all the previous times they did the exact same thing with their constant delays and postpones. so their decision should not have changed either.

Quote from: atrocityx on September 20, 2018, 04:22:15 PM

Definitely a good sign looking at Bitfinex...

there isn't any signs anywhere. price is still the same as before with market not even reacting to it in any ways.

Quote

3. Ethereum's price isn't reacting either, so the market is just accepting this news as indifferent.

bitcoin ETF and the decision SEC makes about it has nothing to do with any of the altcoins including ETH!

Quote

4. Whales didn't try to short the news because the short squeeze is too inevitable with trying to push below 6k here.

you don't short bitcoin every day of the week. they just did it recently. there needs to be some time before a "push down" happens otherwise they will lose money just like some of them lost money yesterday when they tried pushing it down and market reacted violently against them crushing these whales.

Presently, the decision of SEC over ETF is irrelevant as the announced delay had no significant effect on Bitcoin. I am delighted to understand that gradually they (SEC) are lossing their grip on investors choice. Whether ETF is approved or not, Bitcoin will always do what it has to do.

Herbert2020

legendary

Activity: 1946

Merit: 1137

just like before SEC is only wasting time before they eventually reject this ETF too. nothing has changed compared to all the previous times they did the exact same thing with their constant delays and postpones. so their decision should not have changed either.

Quote from: atrocityx on September 20, 2018, 04:22:15 PM

Definitely a good sign looking at Bitfinex...

there isn't any signs anywhere. price is still the same as before with market not even reacting to it in any ways.

Quote

3. Ethereum's price isn't reacting either, so the market is just accepting this news as indifferent.

bitcoin ETF and the decision SEC makes about it has nothing to do with any of the altcoins including ETH!

Quote

4. Whales didn't try to short the news because the short squeeze is too inevitable with trying to push below 6k here.

you don't short bitcoin every day of the week. they just did it recently. there needs to be some time before a "push down" happens otherwise they will lose money just like some of them lost money yesterday when they tried pushing it down and market reacted violently against them crushing these whales.

atrocityx

member

Activity: 336

Merit: 71

Definitely a good sign looking at Bitfinex... theres a few things that stand out to me about this

1. Delay is not rejection... so as crazy as it may sound..maybe they are considering it?
2. Price of delay was cooked in so maybe we have hit bottom?
3. Ethereum's price isn't reacting either, so the market is just accepting this news as indifferent.
4. Whales didn't try to short the news because the short squeeze is too inevitable with trying to push below 6k here.

Bullish all around for me... let the sideways market continue and let bitcoin's lightning network push for its recovery as the wounds start to close up from this big correction.

vit05

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https://www.sec.gov/rules/sro/cboebzx/2018/34-84231.pdf

As of September 19, 2018, the Commission has received more than 1,400 comment letters on the proposed rule change

Interested persons are invited to submit written data, views, and arguments regarding
whether the proposal should be approved or disapproved by [insert date 21 days from publication
in the Federal Register]. Any person who wishes to file a rebuttal to any other person’s
submission must file that rebuttal by [insert date 35 days from publication in the Federal
Register].
Comments may be submitted by any of the following methods:
Electronic comments:
 Use the Commission’s Internet comment form (http://www.sec.gov/rules/sro.shtml); or
 Send an e-mail to [email protected]. Please include File Number SR-CboeBZX2018-040
on the subject line.

Topic: VanEck ETF proposal is extended for another 180 days (Read 193 times)