Bitcoin Forum

Over 600 Public Comments Flood the SEC Website For The CBOE Bitcoin (BTC) ETF

https://cryptomonster.net/coin/bitcoin-btc/index.html

If SEC supports Bitcoin ETF, then it would be good for Bitcoin. Bitcoin will be more reliable than ever before and the interest of people will increase. I think Bitcoin's future will be more brighter.

SEC delayed to answer  BTC ETF's application for approval but if they approved that should effecttive for BTC. Because many of newbie will be take BTC reliable then.

Its very normal to me, everyone demand for it. I believe in future SEC aprove it. It can create huge advantage, i think it will aprove in future

Every words about BTC is a gem for crypto enthusiasts if it grows interest in him/her. Worth a place to read another's opinions about their issues they faced problem with.  I ll read all comments, bookmarked it for a real freetime to study.

It's kind of hard to get to the comments by following the referred article. But here is a more direct link to the comments for anyone interested:

https://www.sec.gov/comments/sr-cboebzx-2018-040/cboebzx2018040.htm

If you consider making a comment to support the BTC ETF, here's a guide how you can do that:

https://ethereumworldnews.com/you-can-now-have-a-say-in-the-cboe-bitcoin-etf-filing-on-the-sec-website/

Not really indicative given that the majority of them are false comments. Some even used the names of real people to leave a comment. Hoping that they would not dumb enough to take seriously the comments in considerations. I am surprised the page hasn't been botted in mass. ::)

I don't understand why they bother with this.

Most of the comments will either be 'we shuld hav ETF so we can pump lulz' or deranged Brazilian professors.

It doesn't achieve much other than waste their time and demonstrate how many twats there are out there.

With next bitcoin ETF hearings lined up for next several months, SEC must be under a lot of public pressure. Given that, CBOE Bitcoin ETF proposal in presented with a functional and foolproof framework, SEC might get forced to approve bitcoin ETF this time.

spamming the comment section on SEC website is not going to make difference when it comes to accepting or rejecting ETF. and right now it is pure spam because in the social media everyone is being encouraged to go there and spam. i wouldn't be surprised to find out everyone has made at least a couple of comments under different names there.

it just proves that we have a lot of weak hands who want bitcoin price to rise but think the only way to rise is if a centralized entity like SEC  enters with ETF and saves the day LOL.

There has been a lot of public pressure on SEC during Winklevoss' ETF presentation too. But, that did not help SEC to change their decision. Only if CBOE can come up with a framework that removes all the doubts regarding scams and fraudulent activities then it will definitely get approved.

We all want a bitcoin ETF approval by SEC since many of us holds bitcoin we bought using our hard earned money. The CBOE bitcoin ETF proposal looks promising and the SEC commissioner also thinks that the bitcoin should get the ETF approval. I hope the SEC approves bitcoin ETF in the upcoming hearing.

i read about this on the national dailies of the SEC asking for people's opinions and then what follows next was loads of journals in response to the openly asked for the opinions. i trust the SEC can concluded positively with the bitcoin framework as it has created more  positive than negative impact.

The BTC ETF collaboration is one of the most anticipating news in crypto world in this year. So i think it's natural that people will flood the comment field.

"Tokenized Securities will affect global finance the way mobile & social media affected broadcasting. Previously it was expensive and difficult to broadcast content, now anyone can. Likewise cases where it was cumbersome to offer securities will be easier." 
P.S. I fully agree with this man and his opinion: https://twitter.com/brucefenton/status/1026817349465194496

Don't worry, the SEC will, they simply have no other choice. There are nine proposed Bitcoin exchange-traded funds (ETFs) and there will be more of them in the nearest future. And I'm sure the proposals not just copy each other, they evolve with every rejection. Some of them will start succeeding eventually.

IMO, The U.S. Securities and Exchange Commission (SEC) should concentrate on fighting various ponzi schemes rather than acting as a brake on progress.

It's really expected. People where highly excited with the Btc Etf thing. So lots of people are commenting on that issue.

Many people are waiting for the bullrun and they expect btc etf will be favorable to those who hodl and expect rise in btc price. The decision of SEC would become the moving guide of every bitcoin holder, either to sell or to continue waiting for another good news so to recover from a loss due to the huge correction.

Is it surprising? Then try browsing here and you might see more topics that are worse than that with a thousand replies. Anyways, that thing won't support adoption. Instead of wishing for bitcoin to get accepted in large trading markets, why not make more bitcoin vending machines, bitcoin ticketing booths, and more, and it might get adopted more quickly.

It's true, News of SEC's delay to the ETF is indeed worth following ... because it is still unclear what decision the SEC Hester Peirce commissioner has as follows:
"Apparently, bitcoin is not mature enough, respectable enough, or sufficiently regulated to be feasible for our market," Peirce said in his personal statement.

this is very good and I really believe that many people hope for success in the SEC agreement, because I think that with all these prices will be able to recover again soaring again.

The will end up approving the ETF.  Don't worry about that.  More of a question of when.  I heard there may be an announcement on the 23rd of August.  If not them it will be in September or February. 

All the crypto lovers already know that Bitcoin (https://cointopper.com/coin/bitcoin) ETF has been topping news this year in the crypto world but do you know that there is a similar product that already exists?

The product is similar to Bitcoin ETF and the investors in US markets will be benefited by it as they will be able to allocate more funds into that bitcoin market.

Nine companies have currently applied to the US Securities and Exchange Commission(SEC) to work on the bitcoin exchange-traded fund. Two companies named The Chicago Board Options Exchange (CBOE) and VanEck bitcoin ETFs have the highest probability of being approved by the SEC by early 2019.

Now to explain ETFs, they are tradable instruments that are meant for the public and is listed on the stock market. It allows investors to trades the assets and commodities with their brokerage accounts. They can also invest in copper and gold.

Investors of cryptocurrency sector including BKCM organizer Brian Kelly and Fundstrat expert Tom Lee have said that launching a bitcoin ETF in US markets will adequately legitimize the bitcoin and cryptocurrency market, opening the cryptocurrency segment to a group of investors who were not ready to put resources into BTC, perhaps because of administrative clashes.

Fundstrat founder Tom Lee has also stated that a bitcoin ETF would make cryptocurrency a legal matter as an asset class. However, it is not perfectly true that the traders or investors in the old fiat currency market cannot invest in BTC and cryptocurrencies as a new asset class.

But, last year, an ETN in Sweden operated by XBT Provider has been observed with a significant increase in its volume, which surpassed the volume of 80 percent of ETFs in the US.

Eric Balchunas, an ETF expert tweeted (https://twitter.com/EricBalchunas/status/936262431088762880) back in December,

“Sweden’s bitcoin ETN is now bigger and trades more than about 80% of US ETFs. It hit $700m in aum today while trading $220m this week (insane #s for Sweden)”

The CEO of CoinShares, Ryan Radloff which examines the operation of the ETN, said that the expansion of the ETN from Sweden to the US is an enormous triumph for the Bitcoin sector. He stated,

“Given the current climate on the regulatory front in the U.S., this is a big win for Bitcoin. Everyone that’s investing in dollars can now get exposure to these products, whereas before, they were only available in euros or Swedish krona.”

Now the Doubt is whether ETN is as worthy as ETF?

Last year, Mark Cuban, who is the billionaire investor and also the owner of the NBA team Dallas Mavericks, said in an interview with Bloomberg (https://www.bloomberg.com/news/videos/2017-10-03/mark-cuban-confirms-stakes-in-twitter-and-bitcoin-video) that he proceeded his first investment in bitcoin through the XBT Provider bitcoin ETN. He said,

“It is interesting because there are a lot of assets which their value is just based on supply and demand. Most stocks, there is no intrinsic value because you have no true ownership rights and no voting rights. You just have the ability to buy and sell those stocks. BTC is the same thing. Its value is based on supply demand. I have bought some through an ETN based on a Swedish exchange.”

So, ETN has the similar ability and it provides more of the same liquidity to investors in the US markets.  Click Here (https://cointopper.com/news/forget-bitcoin-etf-as-bitcoin-etn-opened-doors-for-us-investors-to-trade-in-btc) to read full.

I think it's a good thing, because it shows that not a few people support bitcoin. That can be seen from the increasing number of bitcoin communities from time to time. It should be considered by the SEC

Once the ETF goes live and is announce this thing is going to hit the stratosphere.  They have built up this decision so big that when they announce it the FOMO boys are going to loose their shit.

Given how absurd ETF is becoming and with the latest decision that they have passed on, this reaction is completely expected. They need to give reasons as to why they have acted like this otherwise this will bring a depression in the market.

Bitcoin desn't need ETF's. There was no such topic year ago. It appeared wehn people are scared that prices are going down an desperately look for things that may rescue the whole situation.

The momentum of low volatility faced by the cryptoactive market also had an effect on traditional stock markets. The Bitcoin (BTC) futures market traded on the Chicago Board and Option Exchange (CBOE) hit record levels of low volatility in October, in contrast to global stock markets.

The average weekly volatility in the week ended Oct. 26 was only 3% for future XBT-CBOE Bitcoin, the lowest level since they were launched for trading on December 10.

However, in the monthly chart, the October total recorded record levels of low volatility, an average of 6.6%. With this said the ETF is around the corner.

EXACTLY. ETF just brings in speculators to make the price more volatile, it doesn't help bitcoin or hurt it if ETF's are involved.

Plus the SEC has to do back room discussions with the Fed and IRS for how this will affect the US dollar and taxes in the US. Nobody has any clue whether it makes the USD go down on the global market or up, once ETF's are either approved or denied by the SEC.