Topic: Will SEC never approve Bitcoin ETF? - page 7. (Read 19318 times)
They will for sure approve the ETF. They will do it on their own timeline. Whatever that may be. it's in the banker/government interests to have the ETF so they will have it. It's not good for you by any means. So then you really know it will happen.
They are yet to decide, but I am sure it win’t be approved just yet. It doesn’t benefit big players and institutional investors as they are just getting in. ETFs are gonna happen for sure it is just matter of time...
Just read an article in reddit.com.It says that the SEC has not approved ETF as it thinks that unidentifiable people could influence the market.If such manipulation occurs,SEC wishes them to be identified.
So will there never be an SEC approved bitcoin ETF?
https://www.reddit.com/r/Bitcoin/comments/99n8g3/in_case_you_didnt_read_it_the_sec_disapproved_the/
Again for the last time SEC doesn't approved ETF but not doesn't mena that it won't ever approved it maybe there are some things that SEC won't able to see in EFT but soon if there are new ETF proposal again maybe that time the SEC won't disapproved anymore in that case it will also can help to bitcoin system. So will there never be an SEC approved bitcoin ETF?
https://www.reddit.com/r/Bitcoin/comments/99n8g3/in_case_you_didnt_read_it_the_sec_disapproved_the/
So will there never be an SEC approved bitcoin ETF?
I think they want to see regulated exchanges / brokers -- and especially regulated U.S. exchanges / brokers -- possess more of the market's trading volumes. They've stated that the underlying market is under-regulated and prone to manipulation.
I don't see that position changing until the underlying market structure changes and/or regulated U.S. venues pick up volume.
My hope is on the application which will be ono September end. Hopefully it will be accepted and the market will again start to fly as usual. Hopefully.
"As usual?" There are bear markets too, you know!
My hope is on the application which will be ono September end. Hopefully it will be accepted and the market will again start to fly as usual. Hopefully. There is a good probalility
Just found out that they will again raise this issue so there is a chance ! We just have to wait )
Bitcoin ETFs are the talk of the market as SEC gathers overwhelming response from the public. However, there’s still plenty of regulatory inertia to overcome. Cryptoslate, citing the sentiment on industry insiders, reports: “If the ETFs turn out to be massively successful in the US market, the SEC does not benefit from it. However, if the ETFs begin to cause problems that cannot be controlled by the agency, the SEC could be responsible for them.” So they are taking steps cautiously and will take time approve bitcoin ETF.
sr. member
Activity: 511
Merit: 250
Open and Transparent Science Powered By Blockchain
Just read an article in reddit.com.It says that the SEC has not approved ETF as it thinks that unidentifiable people could influence the market.If such manipulation occurs,SEC wishes them to be identified.
So will there never be an SEC approved bitcoin ETF?
https://www.reddit.com/r/Bitcoin/comments/99n8g3/in_case_you_didnt_read_it_the_sec_disapproved_the/
I have heard that they are having 240 days which is legally possible in order to postpone the decision and guys are thinking then they will use every of those days to wait. So will there never be an SEC approved bitcoin ETF?
https://www.reddit.com/r/Bitcoin/comments/99n8g3/in_case_you_didnt_read_it_the_sec_disapproved_the/
So will there never be an SEC approved bitcoin ETF?
Of course, someday there will be some ETF bitcoin, or you think that the governments will allow 5 years from now, that there is have exchange that is not regulated to operate normally. I even think that all governments should already ask the exchange licenses, we can not close our eyes and let exchange as yobit exist and to continue and render bad services, this is becoming a scary. How many people have lost money because the exchange has withheld these people's money? What was the punishment Yobit has suffered to this day because hold money from many people? we do not even know who the yobit owner is, where is yobit located? we do not know anything And we still want the Bitcoin ETF to be approved? we need more time for everything to be properly regulated
Everything can change at the last minute, I believe in that!
Bitcoin and altcoin are really good and gain many of the expectations of users!
Bitcoin and altcoin are really good and gain many of the expectations of users!
SEC argues that because the Bitcoin market from the beginning does not have the capacity to resist manipulation. So based on a single transaction sand to determine ETF value Bitcoin is capable of leading billions of dollars in new capital into the market, posing high risks.
First of all we are yet to see the first real BTC ETF get rejected (or approved)> All the ones that got rejected until now were trying to base their profits on futures or the price indexes of certain exchanges. Since the exchanges aren't fully regulated and are prone to manipulation ETFs that don't hold real BTC could go bankrupt at any time.
If VanEck gets rejected things will look bad for the etfs, but I have faith in Hester Peirce
If VanEck gets rejected things will look bad for the etfs, but I have faith in Hester Peirce
There are chances that the SEC might not approve the ETF proposal due to legal and trust issues the governments are facing with BTC.
Anyway, it shouldn't matter because one or the other way the institutional investors will be involved with BTC in the future. So if BTC price doesn't increase now then it will surely increase in future. So my advice for the people will be to stay optimistic and not panic even if the EF proposal is rejected.
Anyway, it shouldn't matter because one or the other way the institutional investors will be involved with BTC in the future. So if BTC price doesn't increase now then it will surely increase in future. So my advice for the people will be to stay optimistic and not panic even if the EF proposal is rejected.
eventually they will have to approve Bitcoin ETF, they are just stalling.
I think this condition will change if bitcoin is able to develop further, the thing that has been feared all this time is the value of bitcoin that is fluctuating and unclear consumer protection against hackers that so far has happened, if bitcoin is able to handle it then most likely the SEC will accept BitcoinETF
ETFs are just good for speculators, and Bitcoin has enought speculators already. I would preffer if the lighting network software gets much better routing first, then widespread lighting network adoption - this would make Bitcoin super usefull instead. After this I would not mind ETF with physically backed Bitcoins.
Just read an article in reddit.com.It says that the SEC has not approved ETF as it thinks that unidentifiable people could influence the market.If such manipulation occurs,SEC wishes them to be identified.
So will there never be an SEC approved bitcoin ETF?
https://www.reddit.com/r/Bitcoin/comments/99n8g3/in_case_you_didnt_read_it_the_sec_disapproved_the/
In fact, the SEC is right on the one hand. many people have a great opportunity to manipulate the price of bitcoin. However, on the other hand, the SEC intends to use these manipulations themselves, but they will not be physically allowed to do it. So will there never be an SEC approved bitcoin ETF?
https://www.reddit.com/r/Bitcoin/comments/99n8g3/in_case_you_didnt_read_it_the_sec_disapproved_the/
The SEC is using global manipulation of the Bitcoin price as an excuse, not to approve these ETF applications. They
want to be able to determine who these people or groups are that are manipulating the price and that is simply impossible,
because Bitcoin users are pseudo anonymous and not all trading is done on platforms where people are identified. So, we will
have to accept that a Bitcoin ETF will never be approved on that condition.
{They could just use the local exchange
price as a data source, but that is still influenced by the global price}
want to be able to determine who these people or groups are that are manipulating the price and that is simply impossible,
because Bitcoin users are pseudo anonymous and not all trading is done on platforms where people are identified. So, we will
have to accept that a Bitcoin ETF will never be approved on that condition.
{They could just use the local exchange price as a data source, but that is still influenced by the global price}
Perhaps they wouldn't, because all of the postponements for sure, regardless of all the considerations, would be inevitably rejected due to bitcoin's 'susceptibility to price manipulation' which I think makes sense on the side of SEC's standards. No matter how good ETF proposals are, price manipulation for bitcoin is always present, no matter how hard the regulations are trying to minimize or eliminate it. Perhaps these people could just divert their energy and attention towards other aspects and areas, just not ETFs which we know will never, ever be approved no matter how hard they try.
we all hope that the sec will approve the applications and we will all see the green market again
Jump to: