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September 06, 2018, 11:03:46 AM |
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People's expectations about the ETF are decreasing. For starters, the market doesn't cares about the ETF, a demostration of this was a few weeks ago when news about some ETF getting rejected didn't have an effect on the prices (a drop), actually, the btc price shoot up after such news. Second, everyday people are figuring out that we don't need ETF to see a massive grown, we've been more than fine for the past few years where we've had a growth in both prices and adoption.
Finally, the ETF will allow more manipulation from the big whales (the sames that are dumping btc and alts right now), and that's not exactly what we want in exchange of some fresh capital in the cryptosphere. Overall, I wouldn't be surprised if we see a rebound after the upcoming SEC decision regarding the ETF, which will most likely get rejected or delayed.
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