Bitcoin Forum

The U.S. Securities and Exchange Commission (SEC) has delayed making a decision on whether to approve five bitcoin-related exchange-traded funds (ETFs) until September, public documents reveal on Tuesday.
Immediately, Bitcoin price fall down 8%.
Anyone can tell me exactly what is affect of SEC's decision with Bitcoin and crypto market?

well the effect is what you just saw and mentioned here! a drop in bitcoin price about 7-8% followed by the altcoin massacre where they each dropped at least 10% and some even up to 20% drops.

it is hard to say what is going to happen when they actually reject ETF in  about a month from now because we have already had the drops and also from what i can see the market expects the rejection despite all the hype so everyone is waiting for that date to come so that they can start buying so we may not even see a big drop.

I think its good that the price fell now even though the news about the postponement I have since sometimes last week maybe its just getting popular that people are only reacting to it. The reason why I said its good is because people are fond of reacting to perceived issues rather than the issue itself. Sometimes last year, when the news filtered about bitcoin being banned the market react badly that when the ban eventually happen, it was as if bitcoin price at the time has developed thick skin. The same thing happen during the time of the first forked coin and there was so much uncertainty about what will happen to bitcoin then price dropped only not fall again when the real fork happened. Eventually it will turn our well when the decision is made. Price will increase if its positive and would drop a little bit or non at all if its rejected for us to start looking out for another ETF decision.

The effect of the SEC is the bloodbath we could see today. The market price is highly effected with the speculation
on SEC decision. They postponed it and it can happen in September as well . I also think that this market is not prepared
for ETF yet and needs time to evolve. In that aspect this is a good news in fact.

huh, so if when end of December come, we will see the future of Crypto market? I so confused if SEC reject ETF, what will happen? We will see Big dump, or market will come back the start again?

Sounds a bit to optimistic to me, but I would be relieved if we do not see another bloodbath soon and hope next time the market will react less strongly. Everyone hopes for a positive decision and the market really needs it desperately.

yes it is a bit optimistic but for good reasons (in my opinion at least).
usually these drops like this are  caused by weaker hands. also as everyone sells now they come into money. that money doesn't just go away. most of them sold in order to wait for a certain lower price level to buy back and that lower level is the previous bottom $6k for majority of them. so we may not see a "bloodbath" to begin with and this time the bounce back can be stronger because there wouldn't be any threat of ETF rejection on the way.

We'll definitely see a dump if ETF is rejected by SEC but Btc will recover slowly tho and the bull season might set back a little. I hope ETF gets approved but its not likely to. The last time SEC approved an ETF was copper which was trading for the past 10 years.

SEC effects will be negative on the bitcoin always becaus it is very much important aspect now and many people are waiting for the approval of exchangers. I guess this matters to them because many of them are big investors and are waiting for the big investment to be done over these exchanges, feels like whales in the run! So why not, the effect will always be there and it wouldn’t be so good if they keep delaying the decisions.

I wouldn't say there's a strong positive correlation between the SEC's decision and BTC price. News that the SEC has rejected Winklevoss ETF proposal appeared on the Internet on July 26th: https://www.cnbc.com/2018/07/26/winklevoss-twins-bitcoin-etf-rejected-by-sec.html
And the price after that was even increasing till July 30th (from $7.9k to $8.2k) and only after that started to decrease. But, on the other hand there is some sort of dependence, because it isn't the first time Bitcoin drops after news related to the SEC. The thing is we live in a world, where laws and legislation questions are number one priority if you don't want to do black business. SEC's Bitcoin approval is the first step towards worldwide legislation and implementation of cryptocurrencies. Investors are interested in this process, because if most of the world's population use Bitcoin the price increases instantly and if there are some news that denote the reverse process investors become disappointed and sell off their cryptos.  

IF SEC reject ETF, what will happen? anyone can predict about future of crypto market?

in my opinion:
Bitcoin is a digital currency designed to facilitate intercompany billing on a peer-to-peer Bitcoin protocol that does not require an excessive regulation channel for short-term investments. term and medium term. The SEC will refuse to accept the ETF as it will be responsible for protecting investors against potential leaks that occur within the Bitcoin network.

It's not confirmed whether the SEC will surely announce the approval/disapproval of the ETF in September as they can further delay the announcement.
To be honest, it should not really matter to the traders whether the ETF is approved or not. As the CEO of Pantera says that the traders are overreacting to the news and they should instead focus on the bullish side of BTC than to panic and sell over the delay of the ETF.

Of course its has a negative effect especially in bitcoin price and its just down after the decision has been made but the solidx says they are also expecting some delays about the secs decision and whatever the reason why they decided to delay it Im sure they will properly review it and consider the feedback from the public about it but IMHO the SEC will approve the application filed by solidx in September 30, I have a very positive feeling. 

the price dropped after the news came out I thought everyone was panicking and together selling their assets, I didn't understand what they were thinking, I thought the SEC hadn't given a final decision about the bitcoin ETF why are they panicking? I think optimists for ETFs are approved

I genuinely hope the opposite happens. meaning I hope they actually reject ETF and it is the likely scenario too in my opinion. I feel like the market needs a wake up call to be reminded that bitcoin does not need ETF to grow and flourish specially when ETF is a centralized thing restricted only to US and is available nowhere else!

I really don't understand the reaction of the market but it should be positive in the long term because delaying instead of rejecting has some meanings.

I am not sure if it's only weak hands, they typically sell when they see a dip but are not the ones that cause it. As this dip was tight very much to the SEC decision I would rather think it were institutional investors you are very well connected with the financial scene and they made the decision to sell right after the SEC announced to delay their decision. I don't know if that is what actually happened but sounds more logically to me. I am also not sure we won't see another bloodbath in September if the SEC rejects.

For me Bitcoin will come really high after this as what the SEC is currently investigating wont stop the technology been constantly added by enormous number of startups that includes a solid and associates background. Expect bull market by October.

As we can see right now even the good decisions and good market news are not affecting the price positively so the price is still going down in the reasons is not understandable for me why bitcoin is not growing.

It's not about news affecting the price. It's about people not being able to understand what they're reading. The price bounced back because the SEC was about to review ETF applications, among which there was a complaint on the last year's rejection of Winklevoss ETF. THat complaint did not achieve anything and the ETF did not get approved anyway, which people took for a bad sign and later on the date of decision on the other ETFs was moved to September, which again people took for a rejection and dumped everything. The market is full of idiots.

How the hell could anyone know that? The SEC only postponed their decision, they did not approve or approvet. that is to say that they need some time to think better and then decide whether to approve it or not approve. I read (I can not remember the place I read) that the main concern of the SEC is the security of investors, I do not know if it was exactly the words I read, but I believe that it can even make sense, crypto is a market manipulated and still very dangerous. Take the example of those days, the SEC postponed its decision and just because of this the price fell a lot

Yes if it is rejected no doubt that it will affect the market but I am sure that it will not be a permanent dump very soon bitcoin price will recover and will again start trading in a normal way. I think that we have already passed from such situation for so many times, but for every tie bitcoin respond well and recover in a good way.

Oh we are all optimistic, but how about whales? Whales alway do somthing agaist the most of investors! I think bull market will on going at least till December, when the final decision have to release. One more pospone decision will happen and market will kill who not patience.
So hard to survive in this time but if we patience, we can do it!

The SEC decision about the bitcoin ETF made people to panic and their was a massive sell off and price went down significantly. No one can accurately predict what is likely to happen in a months time wether the bitcoin ETF would be approved or not but we hope for the best from the decision

I am beginning to think now,, this will be delayed for another while, Market in my mind is still too early to make this a reality

Adopting a bitcoin-ETF, that is, allowing such a derivative in traditional markets, would mean that the crypto currencies have already been adjusted enough to gain access to institutional investors. And since this decision was delayed the market reacted in this way.

In my opinion the SEC effect will be negative for Bitcoin because this is very important now and many people are waiting for approval from the exchangers. I think this is important to them because many of them are big investors and are waiting for big investments to be made through this exchange. Whales always do the best of investors. So it's hard to survive now but if we are patient, we can do it .

Bitcoin’s bullrun on the start of august 2018 was due to expectation of sec approval of etf. But sec declined and lots of people sold their bitcoins due to dismay. If approved, bitcoin price may jump multiple folds.

To add information, i think sec is just being careful as they see the crypto prices as easily manipulated.  They want to protect the masses from falling into potential victims.  Bitcoin community must do something to make sec feel the crypto as acceptable.

It increases the number of unending dumps, even if it is confirmed the real pump can be seen in the long term not in the short term.

Actually when I heard that the decision is postponed to September I was not surprised and thought that would be a good sign. Not rejecting immediately means they give it some serious though this time...also it would have been hard to explain that the Winkevoss one got rejected and that one just passed through...anyway I also did not understand the reaction of the market. 

"The U.S. Securities and Exchange Commission (SEC) has rejected a total of nine applications to list and trade various Bitcoin (BTC) exchange-traded funds (ETFs) from three different applicants, according to a three separate orders published by the SEC today, August 22." This mean we hardly to seec Bitcoin grow up fastly in next time!
we can't see it when market is leading by whales who manipulate crypto market!

Initially, that's already a second proposal and hopefully the third one will be in favor of bitcoin and with it we can see few corrections that will occur. Though I believe eventually, people will get to use to this issue and fuds won't go anywhere.


Nothing is certain yet and these are all just speculations so better watch the market and let's just hope for the best.

On Thursday (20 September 2018), the U.S. Securities and Exchange Commission (SEC) announced that it needed more time to make a decision regarding the VanEck-SolidX Bitcoin ETF, and it set 29 December 2018 as the new deadline. we have to wait 3 days more to know what will happen.

I was actually reading this few days back on this article, https://bitcoinexchangeguide.com/breaking-sec-delays-vaneck-solidx-bitcoin-etf-proposal-reviewing-comments-and-february-2019-ruling/ and that made me to go through their 19 page statement https://bitcoinexchangeguide.com/breaking-sec-delays-vaneck-solidx-bitcoin-etf-proposal-reviewing-comments-and-february-2019-ruling/...

At this stage, no one actually knows what the effect would be but it seems the SEC are still waiting for comments, and I have actually been of the opinion that before we get to see any approval in the long run, it would be sometimes next year. Although the VanEck SolidX Bitcoin Trust ETF seems to be the most promising so far, but nothing is guaranteed.

However the proposal is going to end up either approved or disapproved, I really would not expect so much more than what the market would have done normally anyway. Sure, SEC's decisions would bring about some changes to the market generally and could usher in some new money into the market, which would make us see market increase hugely, and then we see the market cap as well growing hugely and then in the long run, probably or possibly get a more matured market.

All the above, like you said, nothing is certain yet, but when the time comes, we will get to know how things end up playing out.

Today is end of september, have SEC's decision released yet? i don't mind if SEC reject BTC ETFs again, but good news come in this time can help market recover again!

U.S. SEC Sets 30 September 2018 As New Deadline for Decision on VanEck-SolidX Bitcoin ETF, but today is 30 September and no news releases. It mean we have to wait 3 month more to know what will happen with Bitcoin ETF. For a short time we see Bitcoin price is trading around 6k5$. I hope it will sideway at least for next two week so Altcoin have a time to recover.

In my opinion, it is just one of the signals which the market is waiting. but when it is delayed, the investors are very disappointed and the market is still dumped

The US Securities and Exchange Commission (SEC) gave the much-awaited ruling on the pending Bitcoin exchange-traded fund (ETF) proposals and it is not the news cryptocurrency industry was hoping for.

Many crypto fans hope a positive decision can start a new bull run for the cryptocurrency market. But, not everyone is interested in the SEC that affects the market for Bitcoin. A group of Bitcoin supporters argues that the SEC or ETF has no role in influencing market sentiment for the world's top cryptocurrency.

The U.S. SEC has set October 26th as the deadline for public commentary pertaining to the nine cryptocurrency exchange-traded funds that it rejected on the 22nd of August.
Last month, the SEC published an “order instituting 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,” with the regulator also requesting further public comments regarding the proposed ETF.