When is CBOE ETF? | Bitcointalksearch.org

Lucius

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You're probably right, SEC will probably reject VanEck SolidX Bitcoin Trust application at the end, and there is no doubt that there will be new attempts in future who will strive for this goal. We can argue whether Bitcoin ETF would be good or bad for BTC, it will probably be approved one day ,and the only difference is whether it will be futures or physical-backed BTC ETF.

Regarding the VanEck SolidX Bitcoin Trust application, next date is December 29. 2018, and final date for decision is February 27. 2019.

Quote

Section 19(b)(2) of the Act [9] provides that after initiating disapproval proceedings, the Commission shall issue an order approving or disapproving the proposed rule change not later than 180 days after the date of publication of notice of filing of the proposed rule change. The Commission may extend the period for issuing an order approving or disapproving the proposed rule change, however, by not more than 60 days if the Commission determines that a longer period is appropriate and publishes reasons for such determination. The proposed rule change was published for notice and comment in the Federal Register on July 2, 2018. December 29, 2018, is 180 days from that date, and February 27, 2019 is 240 days from that date.

Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of SolidX Bitcoin Shares Issued by the VanEck SolidX Bitcoin Trust

gentlemand

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Quote from: ridertiger on December 22, 2018, 05:20:41 AM

I think they extended that al the way to February. I cannot believe these people. Just let the free market flourish already!

The free market is looking even more broken and disgusting then when the Winklevoss ETF was first denied in March 2017. Almost everything that's happened since then is likely to make the SEC even more determined to prevent exposure to these markets. None of their objections from that denial have been addressed in any way.

At this point I'd be gobsmacked if an ETF got passed. I think it's going to be many years before it has the possibility of happening.

ridertiger

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I think they extended that al the way to February. I cannot believe these people. Just let the free market flourish already!

miningguru

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Quote from: tomahawk9 on August 07, 2018, 04:34:19 PM

Quote from: gentlemand on August 07, 2018, 02:48:24 PM

https://www.sec.gov/rules/sro/cboebzx/2018/34-83792.pdf
I wonder if our wee rally will flake out properly this time.

It is. After that small pump to 7100, the price has gone down to 6700, and I'm 99% sure it's because of this news.

Tbh, this dump was expected, same as the decicion by the SEC to delay the ETF again. It looks like we're going to enter another accumulation phase before the next pump.

Did they extend the ETF proposal and made any announcement by the SEC, recently I heard CBOE is announcing for ETF proposal but till now we don't see anything about it. Maybe CBOE is also dragging the ETF proposal.

shamc

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Having some hope for a pump is better than nothing, as the ETF is getting continuously delayed it proves that they are actually considering it properly. There was no ETF when it pumped last time in 2017 so it can happen again without it

Kevin77

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Quote from: ridertiger on August 03, 2018, 06:20:01 AM

When is the CBOE ETF decision by SEC? I think it was supposed to be in August.
I think good news regarding CBOE will come out, and it will continue the bull market.

They have to really take a look at this for a long time to really accept it to be honest. In reality we all just want it to get accepted and get the bull and become rich and sip our margarita on a malibu beach however this is a financial deal and if they accept it than they are saying all the world bitcoin is a valid item to trade and invest into.

They have to really take a look at it carefully and see if it would make any sense at all, you are talking about an investment chance for something that has no regulations, you can't regulate the price of bitcoin and you can't really regulate anyone manipulating the price of bitcoin, so you would allow american people to invest into something no one has control over and easily manipulated.

Hence, it is a very difficult thing to say yes to right away. This is why it takes time and even after all of this they could still say no to it but after all this time I am thinking it is more likely a yes than a no because they could have rejected it at first sight but if they are taking a good look at it than it means they are positive on it.

ridertiger

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This was in August. We are now in at the end of October and they keep delaying it. I dont know what they are thinking. Honestly, this turned out to be the China thing that kept banning bitcoin.

tomahawk9

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Quote from: gentlemand on August 07, 2018, 02:48:24 PM

https://www.sec.gov/rules/sro/cboebzx/2018/34-83792.pdf
I wonder if our wee rally will flake out properly this time.

It is. After that small pump to 7100, the price has gone down to 6700, and I'm 99% sure it's because of this news.

Tbh, this dump was expected, same as the decicion by the SEC to delay the ETF again. It looks like we're going to enter another accumulation phase before the next pump.

adaseb

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It was suppose to be either Aug 10 or Aug 16th but it got delayed until September.

Basically I was in the Bitmex trollbox and someone noticed a new document, and I read the document and it was dated today and it said they are delaying it. Immediately i've market sold and got a good short going at $7100 since luckily most of the market hasn't absorbed that news.

Sometimes wasting time on the trollbox can be pay off.

peter0425

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Quote from: ridertiger on August 03, 2018, 06:20:01 AM

When is the CBOE ETF decision by SEC? I think it was supposed to be in August.
I think good news regarding CBOE will come out, and it will continue the bull market.

Its supposed to be Aug 10. But its possible that it might get another postponement. I understand your bullish sentiments if ever the decision is favorable to us. However, don't be surprised if another rejection comes along. Let's say that if we get a approval the price will took off but there's no way that it will reach another all-time-high (ATH), if that is what you thinking. We might not even get that bull run that we all have been waiting for if its approved. There's too many parameters to consider and bitcoin ETF is just one of them to be able to see that bull run or at least a good bounce back to 5 digits again.

gentlemand

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https://www.sec.gov/rules/sro/cboebzx/2018/34-83792.pdf

Decision bumped until September 30th. No doubt they'll carry on bumping it into next year now. I wonder if our wee rally will flake out properly this time.

Wild_Potato

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Quote from: cellard on August 04, 2018, 12:35:57 PM

According to the document:

Quote

“[The ETF], under normal market conditions, will use available offering proceeds to purchase bitcoin primarily in the OTC markets, without being leveraged or exceeding relevant position limits.”

So it's not like they are going to start buying chunks of 25 BTC in exchanges driving the price up (25 BTC is the minimum amount you can get per share with this ETF so it's aimed at well off investors). The speculation will be what drives on-exchange price due the fact the ETF passed.

Other than that, it's just irrelevant for Bitcoin. You aren't holding Bitcoin unless you are holding the keys yourself in cold storage. But whatever helps pump the price I guess.

25 BTC per share?? That's $175,000 per share! This is going to get absolutely nowhere as far as I'm concerned. That's a ridiculous investment, even if I had several million sitting around. No institution is going to think about getting into that either.

Quote from: 1Referee on August 05, 2018, 10:41:03 AM

Quote from: BrewMaster on August 05, 2018, 10:18:34 AM

now there are only newbies, whales and high risk takers in the market. it is not just bots!

Maybe you need to open your eyes and analyze the trading activity that's going on, which has been going on for months to put it more precisely. It all (at least the far majority of the activity) reeks of algorithmic trades not caring about anything other than the fundamentals the chart is offering them. Bots don't care if we're in a downtrend or uptrend, they just try to squeeze out every possible penny if they see an opportunity.

Charts don't offer fundamentals. Those are called technicals.

No one with any sense would be trading in a sideways market like this.

Quote from: gentlemand on August 04, 2018, 07:55:31 PM

Wall St turning up and ejaculating everywhere is a form of adoption in itself and absolutely inevitable for any monetary instrument once it grows beyond a certain size.

For them to never express interest would necessitate eternal worthlessness

That's a sign that there's value. But it's also a warning sign for us. Same thing for that NYSE thing that got announced last week, they want to get their dirty little hands in our pot

ridertiger

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Yeah, I am sick and tired of people coming in here and spreading FUD. Just because vinklevoss twins were rejected it does not mean others will be rejected. The vinklevoss rejection had solid ground and CBOE hoster ETF does not have any bearing.
Approval of a bitcoin ETF could be huge news for the cryptocurrency market. So anyone saying it is not important can get a sock on it.

omonuyak

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Quote from: ridertiger on August 03, 2018, 06:20:01 AM

When is the CBOE ETF decision by SEC? I think it was supposed to be in August.
I think good news regarding CBOE will come out, and it will continue the bull market.

I was thinking the ETF approval will be on 11 of August 2018 but since three days ago I started to hear that the ETF was not approved . The reality is that this ETF issue has affected the market several times and we should expect this particular one not to be different.

BrewMaster

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There is trouble abrewing

Quote from: 1Referee on August 05, 2018, 10:41:03 AM

Quote from: BrewMaster on August 05, 2018, 10:18:34 AM

now there are only newbies, whales and high risk takers in the market. it is not just bots!

Maybe you need to open your eyes and analyze the trading activity that's going on, which has been going on for months to put it more precisely. It all (at least the far majority of the activity) reeks of algorithmic trades not caring about anything other than the fundamentals the chart is offering them. Bots don't care if we're in a downtrend or uptrend, they just try to squeeze out every possible penny if they see an opportunity.

yeah, bots exist and sometimes the market is taking effect because of them but you are still over exaggerating their effects on the market for the past few months.

qazgroup

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RiveMont

I think btc etf will get approved sooner or later and it will be once again proved that the long term holders are the ultimate winners and the highest gainers.

exstasie

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Quote from: domasal on August 05, 2018, 05:30:34 AM

I have more faith in this application rather than the winklevoss gemini related ETF.

Why? It seems the logic around here is, "They rejected one ETF, they've got to accept the next one!!!!1!1!"

That's not how it works. Wink

Quote from: 1Referee on August 05, 2018, 09:56:49 AM

Almost no one is active in this market aside from bots trying to outsmart each other, which indicates that bagholders are waiting for an increase, and those who were expecting an increase have bought themselves some coins already.

Ouch, I hope you're wrong. Because that means price is heading down. When everyone has bought and is waiting for price to rise, the opposite usually happens. Markets thrive on maximum pain!

maximus222

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Quote from: NeuroticFish on August 03, 2018, 07:15:51 AM

Quote from: ridertiger on August 03, 2018, 06:20:01 AM

When is the CBOE ETF decision by SEC? I think it was supposed to be in August.
I think good news regarding CBOE will come out, and it will continue the bull market.

Many say it's August 10, but from what I've read here it may not happen before August 16 (and even this date can be extended).

Right answer but I have a feeling it will be postponed.

1Referee

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Quote from: BrewMaster on August 05, 2018, 10:18:34 AM

now there are only newbies, whales and high risk takers in the market. it is not just bots!

Maybe you need to open your eyes and analyze the trading activity that's going on, which has been going on for months to put it more precisely. It all (at least the far majority of the activity) reeks of algorithmic trades not caring about anything other than the fundamentals the chart is offering them. Bots don't care if we're in a downtrend or uptrend, they just try to squeeze out every possible penny if they see an opportunity.

BrewMaster

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There is trouble abrewing

Quote from: 1Referee on August 05, 2018, 09:56:49 AM

Quote from: andohyeb on August 05, 2018, 01:30:29 AM

I hardly think CBOE ETF will happen in this August. A friend told me it was denied by the SEC recently and that is the main reason why bitcoins declined below 8000 USD price recently.

It was the WV ETF that was rejected, not the one from VE & SX. Perhaps it's time to surround yourself with better friends.

Bitcoin seem to have declined because there simply is no demand around $8000 and soon we'll see how little demand there is around the $7000 level. Almost no one is active in this market aside from bots trying to outsmart each other, which indicates that bagholders are waiting for an increase, and those who were expecting an increase have bought themselves some coins already.

It would be hilarious if the SEC just because of the declining price would let the ETF come through. It will at least combat sell the news sellers, which was a problem last year with how CME went live during peak bull run levels.

the problem is ETF has created a lot of false hype in the market and since from the start there was little to no hope of SEC to approve any of the ETFs. this meant we never saw a big rise when the hype began and we are not seeing the money come back. which is why you think there is no demand.
investors are mostly waiting for this nonsense to be over because they know the market is going to react irrationally to ETF nonsense news!!!
now there are only newbies, whales and high risk takers in the market. it is not just bots!

Topic: When is CBOE ETF? (Read 443 times)