Another ETF proposal : Bitwise

[Kemarit]

ETF is surely a big thing to expect in the effort to kick start mass adoption of cryptocurrency. Yet, in packaging these proposals, I think the guys that put up the proposals just do it for the sake of proposal. If not, how can more than 5 different submissions fail the same hurdle, the SEC?

The reason given by SEC? The market is prone to manipulation.

I would agree with what others have said, it doesn't matter how good the proposal is in paper, it will eventually rejected by SEC. Everyone who has been following this news, specially after the first Winklevoss proposal rejection in early 2017, that it will be a big mountain to climb to get that approval.

We might as well move forward and totally forget about it, we have survived the first 10 years without any ETF's so I will assume that we can go and continue without them in the first decade as well.

[CryptoToxicAvenger]

Now ETF is no longer interesting to anyone and I think that everyone has stopped waiting for its adoption. The ETF market is a dumpster. A lot of things are accepted there and it is strange that bitcoin is still not there. So I think we should not focus on it, because it will not bring the long-awaited growth to the market.

[AhmadM]

New update about bitwise bitcoin ETF proposal
https://www.coindesk.com/nyse-arca-files-paperwork-for-bitwise-bitcoin-etf-approval

NYSE Arca would re-file the form to launch bitwise after government (SEC) re-open.

[vgk88]

Very good news. I think that this application has a chance of being approved. I think that at the end of spring, regulators will approve the ETF. You need to be patient and wait quietly.

[Oceat]

Now ETF is no longer interesting to anyone and I think that everyone has stopped waiting for its adoption. The ETF market is a dumpster. A lot of things are accepted there and it is strange that bitcoin is still not there. So I think we should not focus on it, because it will not bring the long-awaited growth to the market.

It will be rejected again and that's expected already ever since they got rejected a couple of times before. It is not interesting to hope for ETF got accepted or whatsoever. It is now annoying to me that they don't stop pushing their luck to any limit that they might get accepted by SEC. I don't feel a market changes ETF ever got accepted because probably SEC won't just accept them.

[traderethereum]

I don't think too serious now about ETF because we see it's rejected by many times and I don't know what will happen later. I think we are enough for seeing another rejected of ETF and so far, we are fine with that. We wouldn't have any problem even if ETF rejected again. I think people now have been busy to recover their losses than to just thinking and waiting for ETF approval. But I am curious what will happen if ETF is approved, and how the market will react later.

[gabmen]

I don't think too serious now about ETF because we see it's rejected by many times and I don't know what will happen later. I think we are enough for seeing another rejected of ETF and so far, we are fine with that. We wouldn't have any problem even if ETF rejected again. I think people now have been busy to recover their losses than to just thinking and waiting for ETF approval. But I am curious what will happen if ETF is approved, and how the market will react later.

Me too. I'm expecting a partial recovery if ever it does get approved since a lot of people, probably new investors, would see that as a good sign and get the confidence to jump in. But i doubt there will be any approvals soon. Probably not in the first quarter of this year.