Will SEC never approve Bitcoin ETF? - page 8.

BrewMaster

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There is trouble abrewing

Quote from: FedorIzmailov on August 24, 2018, 07:40:45 AM

The commission did not approve the first applications but the September 30 application seems to me that it will be approved and we will fly to the moon Wink

that is the whole point that the link in OP is pointing out which probably you didn't read. it basically says SEC rejected ETF because they say bitcoin price can be manipulated. and since this is not going to change with different ETFs, the upcoming one(s) will also be rejected.

and i think it has a good point. nothing has changed about bitcoin. they have been rejecting ETFs for more than a year now, so why should they change now?

and don't you worry we will go to the moon, probably faster without ETF!

Juggy777

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Quote from: r32godzilla on August 24, 2018, 07:36:08 AM

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 don't think you should believe everything you read on Reddit, they're no experts that can give the final verdict regarding ETFs. If you were keeping a close track of bitcoins ETFs, then you would have noticed none of them qualified as per the existing rules, also they were not filed properly and a majority of them were not even known brands.

There'll definitely be an Sec approved etf, and therefore i'm keeping my fingers crossed for the Cboe etf, as I'm positive that it shall be cleared. Once it's cleared it'll lead the rally of bitcoins as that's the only legit etf out there.

ballerin and giroud

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SEC approved will have a good effect on the bull run market for crypto currency, but yeah untill now SEC still rejects proposals for ETFs. There are still many opportunities to be well received by the SEC and of course it takes time to make it happen. We just wait, hopefully there are good things that will make the SEC accept proposals for ETF.

sunsilk

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Early Bitcoin ETF proposals were also rejected but there's a news again that it's not that late for the previous ETF rejects.

https://www.coindesk.com/sec-says-it-will-review-bitcoin-etf-rejections/
https://cointelegraph.com/news/us-sec-to-review-rejection-of-nine-bitcoin-etf-applications

Quote from: solarion on August 24, 2018, 07:59:33 AM

Hopefully I expect the same there is no any negative effects in the price after sec rejected as well.

This is the good news, I also didn't see any negative reaction of the market which is perfect.

dat.ho12492

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Quote from: Mister1k on August 24, 2018, 08:02:48 AM

Quote from: r32godzilla on August 24, 2018, 07:36:08 AM

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/

Don't worry about it buddy. They may be rejected the first application but another application which is gonna reach them by coming September will be accepted the market soon.
All you need to do keep clam and wait for the update. However price boom will be happening soon.

Actually, I think a wise person and have been involved in bitcoin for a long time, they will have nothing to worry about this news because big guys always love to play this game to make money from the market. Rejected then revisited then rejected, everything was programmed to the destination, and the goal of this program is to increase the value of bitcoin to a very high, nothing to worry about when we know the destination, more important is patience and wait

Blockstate

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All the SEC rejections are based on this “(5) The rules of the exchange are designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in regulating, clearing, settling, processing information with respect to, and facilitating transactions in securities, to remove impediments to and perfect the mechanism of a free and open market and a national market system, and, in general, to protect investors and the public interest; and are not designed to permit unfair discrimination between customers, issuers, brokers, or dealers, or to regulate by virtue of any authority conferred by this chapter matters not related to the purposes of this chapter or the administration of the exchange.”

Mister1k

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Quote from: r32godzilla on August 24, 2018, 07:36:08 AM

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/

Don't worry about it buddy. They may be rejected the first application but another application which is gonna reach them by coming September will be accepted the market soon.
All you need to do keep clam and wait for the update. However price boom will be happening soon.

bangkecol

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It seems difficult to agree, because every transaction that is done sec, will enter their data, because with this when something happens, it is easy to track.

a lot of considerations are done sec, one of them is that bitcoin is very likely to be used as a negative payment instrument, perhaps trading illegal goods. Because it is not visible who is using the transaction.

solarion

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Quote from: FedorIzmailov on August 24, 2018, 07:40:45 AM

The commission did not approve the first applications but the September 30 application seems to me that it will be approved and we will fly to the moon Wink

Hopefully I expect the same there is no any negative effects in the price after sec rejected as well. That is the potential of Bitcoin we need to understand but we people does not care what we need to do. All the time trolling and doing burst means nothing will be work with you.

All the coins will be reach its destination growth in sometime. Don't need to worry about it.

Masatos

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I think that the commission will approve one of all applications and this will be quite enough for the market

FedorIzmailov

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The commission did not approve the first applications but the September 30 application seems to me that it will be approved and we will fly to the moon Wink

cryptohunter

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MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

unless the etf is forced to settle in btc and hold the amount they say in a transparent address then an etf is probably not that great for btc

r32godzilla

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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/

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