Bitcoin Forum

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.

ETF's are not the answer to all of the bear problems that persist in the bitcoin market. They will certainly help, and they add some hype to it, but I wouldn't bet the house on it.

There are many ETF's scheduled but nobody knows which one will be approved. Probably not this one, but maybe the next one. There's absolutely no certainty about these things so don't spend too much energy on researching them. Better off learning about trading or technical analysis.

Many say it's August 10, but from what I've read here (https://cryptodisrupt.com/bitcoin-etf-decision-will-not-be-on-august-10) it may not happen before August 16 (and even this date can be extended).

The best thing that can happen to Bitcoin is that we lose all the noobs that think things like Futures and ETFs matter, no matter if they are from Winklevii or CBOE or anyone else. As long as we have these people on board we'll have these very sharp speculative moments of people looking at whatever news to make a move. In the long term all of these will not make it because they will be holding 0 BTC by the time Bitcoin resets the clock. Meanwhile let them have fun with the pump and dumps, just focus on increasing your BTC holdings and not your USD, or long term you will pay for not doing so.

As far as this ETF goes, it will not pass, there's like a 10% chance, so we will have another dump. Once the "bitcoin is dead" comments begin, smart money will start coming through and we'll continue the rise to ATH.

I think these are good news and good news are always help adoption. With people talking about Starbucks getting BTC thanks to the ICE company getting the warehouse and such, higher prices and good adoption may be sooner than you think.

Exactly! That's why we should stop worrying about these small time events and look at the bigger picture. An ETF is just another attempt at price manipulation as far as I'm concerned. The only thing that matters is that you can get another opportunity to buy into Bitcoin on the cheap if it doesn't get passed and there's another dump.

It looks like these events will keep coming to drive the price down until people get so sick and tired of the bluffs that it doesn't cause any reaction anymore (kind of like market reactions to Trump's tweets). These events are just more attempts by central bankers to discredit Bitcoin.

The decision can be postponed until Feb/March 2019 and more than likely it will be.

And it's not the CBOE ETF. It's the SolidX/Vaneck ETF. CBOE are hosting it and applying for a rule change just like BATS did for the Winklevoss ETF.

According to the document:


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.

Likelihood of this being the one to gain approval?

I personally think it's nil. Nothing's changed fundamentally from previous rejections.

It looks like an all round better proposal than the Winklevii, insurance is present for one, but it comes down to the same old insoluble thing of the markets themselves being too bent and staying forever bent.

It'll be a fine surprise if they do go for it.

I agree.
Naturally, I’m a pessimist but trying to be neutral on my view with this & like yourself I don’t see what’s changed in such a short amount of time. The market is still volatile & can be manipulated by large players (you could say that about most fiat stocks though re: government’s meddling for their own good).

The sec has probably delayed the etf approval decision till 21 september i think this is positive development, this shows that they do not want fo reject it now they just want more insights and time to judge everything well, so there is high chance for approval this time.

Everything can be manipulated like buggery. The difference is that manipulators in traditional markets are probably lunching with the SEC every week. It's a bit different when some filthy upstart comes a knocking out of nowhere.

Sadly, this ETF hype feels quite like the hype around merchant adoption during the 2014 bear market. Back then, it was "Dell adopted BTC!" or "Paypal is thinking about adopting BTC!"

A CBOE ETF won't save you from a bear market anymore than CBOE futures did. :P

I really think approval is doubtful in any case. This one, that one, or the other one.

Everyone was really getting hyped about the possible Etf approval, so when it didnt work out just yet, the market took a dive.We will have to wait till september to see if it will pass by then

I just wished the market will grow and mature soon without bitcoin ETF stuff, pure adoption will be better of than having the wall streets making a mess of the supply availability of bitcoin

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

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.

You are Full Member in this forum but you still have not learned how to use forum "search option" or maybe how to use search engine with desired keywords? There is dozen of threads with info on this forum, and even more outside the forum...


I see you changed your mind regarding ETF from last few weeks, you even post thread (https://bitcointalk.org/index.php?topic=4700903.msg42433076#msg42433076) in which you making comparisons between ETF gold&possible ETF BTC, and you made some positive posts in other threads regarding BTC ETF. Now you change your mind because price is drop some 1000$, it is not because of ETF but just because big players decide it is good time to take some profits.

I do not agree that CBOE/VanEck SolidX Bitcoin Trust have only 10% of chance for success, even before some analyzes say that it was around 25% for postive decision - now some things are much better prepared and SEC is consider BTC as currency and not security.

However maybe you will change your opinion next week or at some time ETF get approved and price is go up. In the meantime you can express your thoughts direct to SEC ( although I'm not sure that anyone is really reading this comments ).

Comments on Cboe BZX Rulemaking (https://www.sec.gov/comments/sr-cboebzx-2018-040/cboebzx2018040.htm)

I have more faith in this application rather than the winklevoss gemini related ETF. I recall it being put back to September but not sure if it was this one or another ETF application. The more the better really, to give them pressure to accept at least one application

Please read my posts again. I've always said ETF and Futures and other government-related trickery it's not really relevant for Bitcoin's fundamentals on the long term, but it would obviously helping with the price pumping.


I have many posts like this.

The fundamentals of Bitcoin will make it go to $millions due basically fiat collapsing in another 2008-like event irrespective of ETF approved or not. But like I said, if the ETF passes we'll pump heavily, even tho I just doubt it will happen because it goes against all logic... they said they wold only approve it if they can "regulate" (manipulate) it.

Im just not sure anymore the ETF will pass anytime soon. We may go through more months of inaction before they have approved it. Q1 2019 and we'll know if it's time or not.

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!

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.

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

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. ;)


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!

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.

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.

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.

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.

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.



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

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


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

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.

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.

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.

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.

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.

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.

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

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.

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.

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 (https://www.investopedia.com/tech/physical-versus-futuresbacked-bitcoin-etfs/).

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


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 (https://www.federalregister.gov/documents/2018/12/12/2018-26828/self-regulatory-organizations-cboe-bzx-exchange-inc-notice-of-designation-of-a-longer-period-for)