Bitcoin Forum

1) Does anyone know the exact link to where the SEC BTC re-decision annocement will take place?
-Last time i tried https://www.sec.gov/news/pressreleases but it was NOT the place.


2) Also does anyone know exactly the time and timezone when SEC released its last Denied ETF decision?

No one knows and they may give the statement at any time they want.

Last time the statement has been made in the last minute, that is, around 5 pm in whatever time zone they are.

1.) the announcement should be here : https://www.sec.gov/rules/sro/batsbzx.htm

2.) the exact time and date is unknown, as stated in the https://www.sec.gov/rules/sro/batsbzx/2017/34-80511.pdf


so you can file a statement to support Winklevoss etf to flood banksters into bitcoin ecosystem.

as far as I understand, it doesn't mean that they are going to release the decision straight away

They made their decision. They will refuse. Nobody gives a shit anymore about ETF. This is Bitcoin.

exactly! i see it as a better sign, we need no criminal banksters here. anarchy is the way

i think bitcoin use still wait announcement SEC , accepted or rejected
because can effect to bitcoin price,  if SEC rejected bitcoin price can down again

BTC is already going down,maybe rejection is the reason maybe not,i agree hands of greedy banksters from btc

Bitcoin price is dipping because it is normal correction, not because negative reaction to ETF denial.
Stop dreaming that ETF will be accepted this time, nothing changed, prime argument of SEC against Bitcoin still stand:
'BTC is unregulated asset and it can't be fully controlled' So, it is better to don't delude yourself with fake hope.

Yeah, already several times this has been denied in the past. So only after regulated use from more and more Countries as a whole can expect the etf approval. The previous etf application discussion took place months back and haven't got time to make everything perfect that's been stated by SEC.

i also say this and will continue to do so.

but one thing has changed in the world. and that is the news about Japan. if you look at all the rest of the countries, they are treating bitcoin a lot better. amny more countries are thinking about doing the same thing.
so i say there is a very small chance that has affected SEC decision.
but in the end even if they approve it, nothing is going to change :)

Don`t bother with ETF decisions.Bitcoin don`t need ETFs to grow and become
even stronger.
Waiting for ETF decisions "manipulates" the bitcoin price and that`s why they keep the time and place secret.This is my suggestion.

well it would be disastrous if it didn't  correct itself, what's the point of the price going to for example 3k when it crashes back to 1k after that? The steady small growth is always better than pumps and dumps. Also it is going to be accepted this time for sure, as there would be no reason to discuss it the second time if they were going to cancel it once again. And after that bitcoin price will start going up again people will move their money from all the alts to bitcoin, so this last dip is a pretty good time to buy cheap coins before the moon.

Bitcoin doesn't need ETF but it would boost bitcoin price, adoption rate and credibility greatly. We want Bitcoin ETF, even though we can't have it.
There will be always some news to sell: this time it is ETF next it will be new bitcoin law or big another large company accepting BTC.

Keeping the ETF decisions secret and also not announcing the date publicly is more dangerous as more Fud will be created and everyone will try to create it own News, do its better to keep all the things transparent to avoid unnecessary fuds against bitcoins.

It was after hours, after the market closed that's for sure. Some time around 5pm. I'd expect them to do the same this time. Usually the reason for doing it after hours is so it can't directly affect stock prices as the news comes out. With it being for bitcoins though I don't see how it would affect anything.

What are the true advantages of ETF? Are we sure that we need it?

Well, the paper is from 24 march, the day btc start rise up. Maybe nobody cares, but what's about the market itself ? We will have the answer on Monday.

Lots of pension funds are restricted in what they can invest in, due to the terms of their trusts - usually they can only invest in SEC approved stuff. So if the ETF is approved, pension fund money can at last invest in bitcoin. We're talking billions here.

However, the ETF won't get approved. All the problems referred to when they last refused are still there - unregulated exchanges like bitfinex etc, who have banking problems, the chinese exchanges not allowing bitcoin withdrawals. Now this ransomware business. It's likely to be a NO.

BATS is one of the largest equities exchanges in the country.

An ETF would introduce A LOT of investors to BTC. A lot of mom and pop types who have no clue how to buy it. It is another step in legitimizing bitcoin.

It will be huge and if an exchange lists us, the price will have a historic move up

For what it's worth, I think that if ETF won't get approved will be a good thing for us, it sounds funny but for me we are still in a "early adopting" period if compared with Bitcoin's potential. Grey zone is good.

Bought some after the March rejection. Keep getting ETF denied so I can scope more in the post denial dips.

I disagree, if nothing were to change then why not approving it the first time and get on with it?
I just feel sad to see despite the successful take off we're still looking up to the governments with their laws and power of control.

We're very much like animals in a zoo where looking at the hands of zookeepers to see when they feed us and just seeing them makes us to jump around(becoming happy and buy at whatever the price is)so people can enjoy watching us.

After approval I believe many things will change forever, however I couldn't see the reason why a government ever wants to help any revolution started by people around the world which will eventually result in their demise? if they wanted to be good they wouldn't have take control over our lives and use our God given natural resources for their own agendas and gain.

In short it is same like the mutual funds but on a larger scale ,the advantages on approval is that we will see huge investments coming into bitcoin which will impact the price and it will break more records on its way ,so these are the major advantages but to get approval it is really hard because the rule books says that it should be a fully transparent actively managed fund and bitcoin is a decentralized fund,but SEC has the rights to provide exemption like they did to powershares in the past.

I think this time around it will not affect the Bitcoin price very much (or at all).

In March many people were expecting it to get approved, so there was a whole price buildup until the rejection point.

This time I cannot see who really expects this to get approved. They have made perfectly clear why they didn't approve it back then and nothing has changed for bitcoin in the last months. So why should they approve it now ...

i hope that it will not affect bitcoin price because as i remember after bitcoin is not approved, bitcoin price is still increase into a new range and for this time, i hope that this will not stop the price to be increase more. but no one will know what will happen after the result is out in tomorrow and we can only waiting on the market.

Crypto news always influence finance world. See the recent WannaCry Ransomware attack.

If ETF denied btc drop down if approved it will go to the moon.

When they reject the ETF again, I expect a quick fall in price, followed by a recovery.
Then we can start talking about the next SEC decision, which will probably be in the next few months, and the hope can build again that this time it will be accepted.

I hope they stop with these stupid ETFs, if you want to invest in Bitcoin, invest in Bitcoin. No ETF is required!

I completely agree with you for cryptousers, but for retired, housekeepers, grandparents and not formed on the subject I think the solution is ETF. They can't know how to use cryptocurrencies. Like normal funds in a word.

Bitcoin price already started decreased, whether because ETF decision or not but I think better to move forward with many adopters join in the environment because of the country already support it such as Japan. We will see in the end of the day if bitcoin price continue to fall or rise again tomorrow. But, bitcoin will recover again obviously, so keep calm and save your bitcoin.

I doubt the price will go down much in the likelihood of today's latest ETF rejection. Nobody expects it to be approved so the price won't budge much today.

Maybe more people that we think/see think this time it will be approved... Or they think other people think it which as the same results.

Getting my money ready to buy up on some cheap coins. I think it's ridiculous that anyone would invest into BTC like this, the chance of an approval is slim to none and it's essentially just gambling.

I hope there are many that are waiting for a good correction,but i highly doubt we could necessarily see a major correction as the investments that came recently are not from speculators and so lets wait and see how the market reacts when the SEC once again rejects the EFT.

5pm Washington time ?

countdown anyone?

To rejection? :)

I am pretty certain it's not decision day guys.

Nobody is betting on approval anymore after the Winklevoss ETF refusal guys. Its a nonevent. Expect a sharp drop upon announcement by 3-5 dollar. If really anybody would give a shit about this BTC ETF refusal decision Nr. 1126677, if really anybody believes this thing can go through, we would have seen a sharp price rise over the weekend - and there was none.

Dont get wet.

is today the decission or not??

I've heard it's just the last day to submit a comment nothing else.

I could be wrong though.

It's just the deadline to submit petition for review. Perhaps it was even already sent a while ago. Then it will be a matter of days at least to hear back.

Likely to still be a no, in which case limited effect on price. If a surprise yes happens, will also have limited effect. Happy to be proven wrong!

Not today? I was ready with beer and chips in front of Bitcoinwisdom to see how the price's NOT changing ::)

Well I didn't really think it will be approved. Seems though that the prices were affected by a few hundred dollars after it reached an all time high of $1,900+ in the past couple of days. Maybe we'll see it stabilize in the next few days and I hope it stabilize at $1,700 and not go down below this price anymore.

i wouldn't get my hopes up for a "not changing" price! there are still some people who are caught up in the fake hype and will surely panic, you know bitcoinewbies love to panic at times like this and everybody loves them for their panic :)

Hard to say, I think there is some speculation being based around the ETF again and I think it might slip a bit for a little while, but there's a high chance that it will be bought up again and return to around $1,700. If the ETF does get approved, it might slowly get through the community and then go up to $1,900 again, but having the ETF approved is already unlikely.

Yes, the ETF being approved is quite unlikely, we did a poll and 65% believe it won't get approved.

https://themerkle.com/65-percent-believe-sec-will-deny-bitcoin-etf/

I don't get it why people still talking about a probability of this ETF thing getting approved.
Nothing has changed in the last 2 months. So the SEC will reject it again and then hopefully this chapter can finally be closed.
A few guys try to use it however to play the market imo, that's why we see that topic popping up again and again.

because people like speculating (guessing) and when they don't find any logical reason for their speculation anymore they start using any kind of news :)
although i agree that nothing has changed and SEC will most probably deny it again but one thing has changed and that is the way Japan changed the way the whole world looks at bitcoin.

It's Bitcoin's speculative nature. Everything is being used to make the market move into a certain direction. Why? Because it always works. After the SEC review something else will be put up front to move the market. Now the price has increased nicely over the last weeks, it's likely time for some negativity. Easy thing to fall back to are the hard fork speculations. It's now sitting in the background, but it doesn't take much to fire up another round of panic by sponsoring certain negativity minded articles to shake up the market.

Yeah it's a pretty pointless debate, we all know that no bitcoin ETF will be approved for a long time, if ever. Luckily it doesn't stop our moon bound rocket though.

I don't think it will be approved, but I would like to hear the official word on it. It could have an affect on the bitcoin price.

Yeah. I hope that the skyrocket price will continue even though it will be rejected by ETF. We already see some correction price a few days ago in anticipation of  the rejection. But I think the SEC will just collate all the pros and cons on the Coin ETF application, and will not make the decision today.

I have been of the mind that the etf getting approved has such a low low chance that people arent pricing that in to bitcoin. The recent price rises being attributed to more of the news about Japan and some other  countries having positive news. Recently i just saw something about USA considering accepting btc payments for something like paying some kind of fee for contracts or something.

Aside from some country adoption, there is not much going on Bitcoin.  Scaling problem is still there, regulation is still an issue.  so I guess the decision on the ETF review will not be reverted.  It will stay the same.  Rejected.  And I guess the rejection will do good than bad.

So what's going on with this now? Are they making a decision? Is it rejected? I can't find anything when searching online so are we supposed to assume that they're just working on it now?

I don't think many really care now! Not trying to be snarky I mean this price rise is so much more than an etf possibly getting approved

I think bitcoin is getting indipendent and resilient something, somewhere, someone... some...

You're right. This has almost nothing to do with the ETF. The main reason is it was already rejected once.And the chance it will get approved in a second attempt by review is ridiculously small!!
Therefore the second annoucement by the SEC, very likely another rejection, won't have any significant impact on the price.

The mere fact that SEC agreed to examine ETF case once more is enough reason for bitcoin investors to keep hopes high.
Price might not necessary spike because of that, but confidence in bitcoin's future potential might be bolstered.
I belive that we will have bitcoin ETF someday, in due time.

In a sense you are correct. Maybe the second review give investors trust and confidence in bitcoin. They see good potential in bitcoin that's why they have put money in the ecosystem. If ETF will be rejected, I think they will still stay with bitcoin because the price is  going up. So its a win-win situation for us casual holders and big investors.