Bitcoin Forum

This was supposed to be the #1 catalyst of upward trajectory in an otherwise poopy year for the price of BTC. As we all know (or may not know), all 9 Bitcoin ETF applications were rejected by the SEC thus far, and after a delayed re-evaluation on the matter they pushed back their final decision announcement until today, November 5th.

https://www.coindesk.com/vaneck-and-solidx-unfazed-by-the-secs-latest-bitcoin-etf-delay/

https://bitcoinexchangeguide.com/sec-bitcoin-etf-approval-decision-for-9-different-exchange-trade-funds-to-happen-next-few-days/

So let's do some speculating on the outcome before hand as there are only but a few hours to go.

(Edit: updated for 2019)

the first time I heard about bitcoin ETF I believe was 1-2 years ago. SEC rejected it then and from that time until today nothing about bitcoin and the market has changed at all. and most of the reasons they used to reject that ETF are still applicable for any subsequent ETFs that came out and they kept rejecting them.

they will probably postpone it more if they have not yet reached the maximum deadline, otherwise rejection is guaranteed.

also I should mention that with or without ETF price would have fallen and then entered this same stable phase that we are currently in. the price levels might have been different but the overall trend and how the chart looks like now for the past year would have been the same.

From what I can tell, it seems like the most popular opinion is that it's going to be delayed again to February 2019. Who knows though. I personally don't think they're going to be approved, delay or not. Market manipulation seems to be a big issue, one that doesn't look like it's going to go away anytime soon.

Still people talking about this?
I was thinking no one cares anymore.


I don't believe it is going to be approved in the next months, or years. I would rather bet on XRP or BCH to get this approval  ;D

Today is the last day to care, at least for a while.


Why? They are essentially the same thing except several magnitudes smaller in terms of size, usage or importance. That's like saying a Palladium ETF should be approved before a Gold ETF.

ETF will continue to delay until the cant hold it anymore. or they need crypto to bail out US.

ETF delayed is ETF denied.

They won't approve it. Think of it like ETF delayed is ETF denied. They won't just give up the control to the people who holds more BTC than the government. If they will approve Bitcoin ETF, they would have to approve the ETH application soon and all other that will apply after it. Approving means they accept crypto to be real asset, these will lead the old market to its death.

That's not necessarily true, and that wouldn't be a good reason for them to shoot it down. The Bitcoin market is the only thing in consideration, with Ethereum's market situation being very different. They aren't the same fundamentally either, so they would have to be treated as distinct assets.

A lot of their concerns would also be amplified when applied to Ethereum's, or pretty much every altcoin's market -- they're easier to manipulate because they're smaller, they're more volatile, etc.

Many are saying it will not, I think with so many delays of the approval, people are losing hope and trust that it will eventually be rejected I am also losing hope on the situation, anyway, we are ten years here without it so we just have to live with it and move on.

It got postponed and push back from September to October and from October to November I wouldn't be surprised if they move it to another month or so. This only tells us that they are not rushing things nor they are giving any importance with the topic, as if they did they have gone out with a decision already. Maybe they are also postponing it because they are putting some timing in the market already, with a lot of major markets entering into a correction timing for a decision especially if it is a negative one will have to wait.

Taken from the fact that if the bitcoin ETF gets an approval, it will trigger the market to rise and in return the altcoins will follow.
Having alts to also apply for ETF is just a crappy idea since they just depend on bitcoin's trend, I hope its devs have some brains.

Though I don't see ETF good for bitcoin but for the price matter, it will be.

In my own opinion SEC would reject or push another months or quarter to study the ETF they want to ensure that what ever decision they may decided it would be for the benefit of financial institutions that wouldn't affect fiat currency and economy as whole. But I'm confident that the approval would be granted but it takes more time to wait.

On your next poll consider adding a default option. something like "Don't care" because that's actually how I feel about the whole ETF issue. Just as the user ETFbitcoin said,   ETF is a centralized feature, so does bitcoin truly needs it? I mean we all say we want power in our hands yet we give it away the second we receive it. We should concentrate more on getting bitcoin legalized as a currency instead of an investment.

https://i.imgur.com/up8oIkz.jpg

Its not such far fetch. Companies listed on Stock market are now considering of tokenizing their company already if that happen they will also be listed on exchanges. Stock Market itself are even considering to move to blockchain, I've read that somewhere. It will take a life time of hoping it will be approved but tell you the price of BTC will go up even without ETF.

The ETF policy takes about 250 days to materialized I think SEC is playing with the announcement to make sure that the specified date is met and it is sacrosanct. We can be expecting the positive announcement on ETF -SEC around February 2019. I know it will come out positive and the effect will be massive on bitcoin market.

It's long been delayed and they keep delaying it I don't know how much long are they going to delay,I stopped hoping it will get approved you will just get disappointed if you keep watching the date of their decision, with or without those decision I will continue to be a part of cryptocurrency.

"Don't care" is too much of a default option.

And its weird that the guy you are quoting's name is ETFbitcoin and he's unironically anti-ETF. That's the whole point of any ETF -- be able to trade the price of something without actually having to own any of it.

I doubt this year we will see any ETF unless they decide to give a green light to the CBOE ETF in December, I think personally they will not until next year, but then again you might get a different result when everyone expects the opposite. Big institutions have been buying Bitcoin and other big alts over the counter so they might want to pump them to their clients in the new year or after the Chinese new year. I don't see any bitcoin or altcoin pump over the Xmas holidays when all the whales want to take out their profits for their big yacht parties. Don't expect anything fantastic to happen in 2018, this year has been a crappy one at best.

Some ETF denials dropped the price, some did't have any effect. So I would not bet my money onto ETF approval as bull trend catalyst, not anymore. If it'll happen, OK, but if it doesn't, it's also OK.
Maybe we should start thinking on a correct, slow growth instead of a speculative bubble.

I don't think the SEC can decide. There will be a further delay. As far as I know, US legal regulations are inadequate for Bitcoin. Maybe there is a need for an improvement first.

Lol, do you think they will decide it today? I bet they will postpone about their decision again. They are waiting for the audiences response about bitcoin ETF.
But if btc ETF approved, it will surely become a catalyst for bull market because the bull market has not yet come this year.

Even though the SEC fully accepts ETFs, this may only eliminate the essence of bitcoin and crypto, the origin of which is "decentralized". If etf is accepted, I am sure, bitcoin will later become centralized and it will be no different from the current Bank system

Bitcoin needs the etf to become better established, there are plenty of alts like Monero that can be used for private purposes outside the use of banks and prying eyes

The solution already exists, we will hear it later. A lot of rumors roam on Twitter.
Rumors are not born from scratch ;D

- today's deadline is for public statements on the SEC's review of the rejected ETFs
- the SEC has no deadline to finish that review
- the VanEck/SolidX deadline is Dec. 29 with possible delay to Feb. 27

I've decided not to be perturbed with the whole SEC and ETF situation because it's still gonna be dragged for bit while. It's high time investors understand that this situation will keep dragging for a long time to come.

I am believe soon or later ETF will approved. Investment Institution like Goldman Sachs already make bitcoin trading desk and i think its attracing more investor to invest in bitcoin. SEC will approve it because many bitcoin demand

Hmm guess a lot of the media got it wrong then, myself included.

https://www.blockchainreporter.net/2018/11/05/sec-decision-on-bitcoin-etf-will-not-be-announced-on-november-5/

SEC has been playing with ETF for more than a year now and each time they keep postponing their decision on the big proposals as long as they can and eventually they end up rejecting it. and all the while some people in bitcoin community seem to be hung up on their decision for some reason to see what will happen!
i think eventually they will accept ETF but soon after the same people will realize that they were waiting for something not only useless but possibly even harmful to bitcoin future.

I agree with this statement, trying to rely on one piece of news to hold the whole market to ransom is not a good idea, but the shorters play on this kind of news and if the news is negative, they will immediately use their bearish sentiment and short Bitcoin and other altcoins to take their profits for the week. They have bled this market dry over the last year and also the pump groups at work also have taken a stake in this. Whether ETF is approved or not today, we most likely will get bearish sentiment out of it.

I think they will keep declining it forever so we could just keep hanging on. Declined and declined while they still kept reviewing is just a bullshit hear breaking lie for the hopeful. By feb 27, they will again postponed the decision to move it to next year. You think they are waiting for something for instance an exchange they own that they can monitor users?

Well yeah, that will be more realistic than having a bubble, isn't it?
So 2017 is just a bubble of cryptos and 2018 is the real face of cryptos.
I'm wondering what's next for 2019.

Tbh, etf issues has getting to my nerves, maybe we should let this issue dies so whales won't get the idea again to use this to manipulate the price. This issue is so old and pettish.

Totally agree  8)

Why do people hype a possible Bitcoin ETF? I would say because of greed and FOMO  ;D

By the way, in my opinion there are already better solutions than a Bitcoin ETF approved by the SEC. What do you think about as CTIs (Crypto Traded Indices) or Crypto Trackers?  ???

One good approach is in my opinion trakx, condensed down they are building Crypto Trackers, which ar an easy-to-use, low cost, and efficient way to take part in the cryptocurrency market by investing in the crypto currency market as a whole, or in a select basket, instead of just focusing on Bitcoin alone. This will most definitely mean higher gain potential but as well better diversification. By the usage of smart contracts Crypto Trackers enable a no trust investment vehicle.

Disclaimer: I am not affiliated with them, I just take part in their bounty program, but I don't share my referral link here.

first Bitcoin ETF must appear in mid 2019 so it's a waste of time to wait the approval in 2018. and this means that the price of bitcoin will not grow fast.

Did I miss something? Who or where do you know from that anytime 2019 there MUST  ??? :o be approved a Bitcoin ETF? Do I read the wrong news:
https://cryptodaily.co.uk/2018/11/why-we-might-be-waiting-a-while-for-the-bitcoin-etf/

I really believe that its not time for etf now but I hope next year especially in quarter 1 a new bitcoin etf will be approved and this one is really bullish to bitcoin this might be the new bull run we are all waiting for after the bear market in this year. If this happens more and more money will enter the world of crypto especially bitcoin.   

They will continue postponing their decision, until they can come up with a proper excuse to deny all applications. I seriously

think this will never happen and they knew this from the start. Some people on the inside know this, but they are making tons

of profit on the hype that are built around this.  >:(  Just write off your hopes for this and continue as normal without it.  ;)

I completely agree with you.

Why should the SEC approve a Bitcoin ETF, since Bitcoin is seen as the enemy of the traditional financial sector. Yes, they invest heavily in blockchain technology, but not to give a decentralized peer to peer money system to the common people  ;D They rather would like to build a highly centralized "blockchain" that they can fully control and on top of that they want to charge the people for all that, just like they do today. And still there are lots of people who hope for the Bitcoin ETF to become reality already tomorrow. Yes, sure, you want to make 1000x on your investment fast  ;D

If you still believe the Bitcoin ETF rumors, I have an other thought you should consider: do you really think people who regulate the stock market and know where the gains are will give you the big gains while they themselves are not invested. The Bitcoin will not be approved before Wallstreet is able to get his share in the cake because they always want to make a killing  ;D

Only one has the potential to be accepted from the SEC but I don't think it will happen so soon. The market needs a lot more stability and sanitizing before we can see a "light of hope".

100% Nay.

Even if they loved the idea, and presumably they do not, there's simply no way to make it fit within their remit. The only people who are in a hurry about this are us lot. No one else cares or wants it. 

My guess is that there'll be other ways for the money we're fantasizing about here to get in, Bakkt is an obvious one, until by the unlikely time an ETF did arrive it would barely be worth remarking on.

You definitely don't read the wrong news but we both know that the government are corny and they know how to do things for their own selfish reason. I personally don't see bitcoin ETF approve this year or reach mid of next year.

I am mistified in this matter, a motnh ago I red that 26 of October is the last date of several proposals but recenlty - 5th Novemeber.
in anycase havent seen any big news on the matter , it seems that market does not care and thats a good thing.

I personally dont see this happening any time soon, SEC resaons for rejctions were clear."

I don't make sense even if they disapprove it always, they can't influence the market by their decisions and why should we always focused on US SEC decisions even though crypto is globally traded 24/7? just my opinion.

Have to hand it to the winklevoss twins for their perseverance, that is why they are millionaires and most of us are not. It will get approved one day, when the price stabilises with less pump and dump we will get it

Its just a strategy to manipulate us by saying the ETF approval again and again,but it doesn't going to make any advantage for the bitcoin for its usage,if ETF gets approved it will make the bitcoin to be considered only as an asset and it can be only found in the hands of rich people.

There are still many obstacles on the road before the ETF can be officially approved, plus an ETF proposal made last year by Winklevoss (from Gemini's crypto exchange) and then rejected on the grounds that Bitcoin is too easy to change.

However, based on changes in sentiment by the SEC, experts indicated that we could see ETF approval on August 15. If the initial market reaction is any indicator, now might be a good time to start buying more Bitcoin and Altcoin while the price is still relatively cheap.

Nay. SEC has been toying with us since the first Winklevoss rejection in 2017 and have been denying 8 or 9 applications ever since so I don't think the Van Eck / Solid X will have a different result.

They are just prolonging their decision, but at the end they will still rejected it. So don't put too much hope on it so that you won't be disappointed in the end.

The market is very volatile and risky and there are lots of un-named whales that can manipulate the price, maybe those are the reasons we won't see any ETF's in the future.

I think this time around, SEC will approve bitcoin ETF this year. My reason is, the year 2018 had brought the price of bitcoin to go down. Some bitcoin holders panic and skld their bitcoin. However, huge investors took advantage by buying instead. Now that they have more bitcoin, the SEC can now approve the Bitcoin ETF.

SEC are just playing us around since last year by giving us false hope about the approval of bitcoin ETF. That is why it once considered trigger the sharp fall. SEC will not approve ETF.

Sec is showing positive attitude towards cryptocurrencies and this coming etf decisions may turn positive and market may see bull rally thereafter

SEC did no such thing, you gave yourself false hope on your own!
in fact their stance has been pretty clear in my opinion and if you read some of their statements after they reject each ETF you can see that their reasons have not changed at all which means they will continue to reject ETFs in the future too. the difference is that each time a bunch of people get hyped up for no reason :D
although that is almost over now and there is nobody left to be hyped up anymore which is why we no longer see any drop when they reject them.

I think SEC has already delayed the decision before also and now there is no option left for them to delay it again. The only option here for SEC is that they approve bitcoin ETF. Also they have no reason to disapprove it as if they were to disapprove, they could have done it before and there was no need for them to keep waiting .

there reason why they delayed it is maybe because they arent yet ready and this year we dont know if they will still delayed it or not but  delaying is more better than rejecting , am i right?  lets wait and hope for the better   .    


i guess that is impossible to happen . as far as i know , cryptos were built to be volatile and bitcoin is a verry unstable coin of them all  but even with this state i guess sec's etf decision will still be yes  because bitcoin isnt already new in this payment industry and many reputable companies are already accepting it  .

I've reset the poll for the new year... The whole situation seems pretty iffy. As in, "if" the SEC eventually approves a Bitcoin ETF, it may not be for another few years...

Hello, but I heard that the SEC will make a final decision on the ETF next month. Or is there new information ?)