CBOE RESPONDS: After Delay Is Announced, Sources Confirm Continued Bitcoin ETF Confidence
https://theicojournal.com/cboe-responds-after-delay-is-announced-sources-confirm-continued-bitcoin-etf-confidence/
If you knew an approval were imminent, and you had the means, wouldn't you strive to drive the price down as much as possible in the months preceding?
What effect might an ETF approval have on Bitcoin dominance? Legitimize the entire asset class or single out Bitcoin?
One coin to rule them all, one coin to find them,
One coin to bring them all and in the darkness bind them?
It's a shame this arcane ETF approval process has basically throttled speculation, but it has done wonders for separating innovation from chaff.
What might a post-ETF world look like?
https://theicojournal.com/cboe-responds-after-delay-is-announced-sources-confirm-continued-bitcoin-etf-confidence/
Quote from: CBOE Source
“Expected and the markets are acting irrationally to the announcement. Every single submission like this has gotten a delay. Again, expected. Still expect approval. 99% expectation. Print it, but as always, don’t use my name. 
”
”Quote from: Van Eck Source
“Our team expected this delay, almost to the hour, and has been an expectation in our planning process. We won’t say when we expect an approval, but there has been specific speculation that we actually agree with and have incorporated into our timeline. We are in no way surprised by this. Most importantly, we believe our submission is the strongest yet to be put in front of US regulators, and believe that strength will be rewarded.”
Quote from: Recent SEC employee
“The four people I still talk to on the daily at the SEC are basically telling me this ‘it is going to get approved but we are going to make the markets understand that we dug really, really deep i.e. investor protection/transparency’. And that makes sense. The vast majority of the public still has no idea what ‘digital assets’ are or what it means. So when you do an approval like this, and the successive approvals that will follow in this asset class – think of the 3-5 year return number that will be associated with this market? And maybe that is the key to the Van Eck SolidX approval? It is set up as an accredited investor vehicle. That singular element is probably what gives so many of us a firm belief in its approval. And it is a stroke of genius by the Van Eck SolidX group.”
If you knew an approval were imminent, and you had the means, wouldn't you strive to drive the price down as much as possible in the months preceding?
What effect might an ETF approval have on Bitcoin dominance? Legitimize the entire asset class or single out Bitcoin?
One coin to rule them all, one coin to find them,
One coin to bring them all and in the darkness bind them?
It's a shame this arcane ETF approval process has basically throttled speculation, but it has done wonders for separating innovation from chaff.
What might a post-ETF world look like?
WEB 3.0 decentralization, the more it is used the more you dilute the centralization of everything
so many currencies, so many choices,
and bitcoin can regulate them all RSK
