Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[JayJuanGee]

Bitcoin ETF approval within 5 months.

A new exchange traded fund designed to track the price of Bitcoin may be on its way to market. New paperwork has been filed with the SEC for the new ETF, titled Solid Bitcoin Trust, according to reports from ETF.com.

SolidX Partners Inc. says the Bitcoin within the ETF will be insured in case of theft, destruction or computer fraud, with the Bank of New York Mellon acting as custodian.

The new fund requires a rule change filing with SEC by the carrying exchange, due to Bitcoin’s status as a new asset type. The fund will kick off with an initial offering value at around $1 million.

Approval is pending based on the approval of the rule change filing; a precedent has since been set by the Winklevoss Bitcoin ETF, which the infamous brothers filed for on June 30. It’s anticipated that fund will receive approval by the end of 2016, with the SolidX ETF receiving approval by early 2017.

http://www.wealthprofessional.ca/news/etfs/new-bitcoin-etf-on-its-way-to-market-211198.aspx

Wasn't the Winklevoss ETF supposed to be approved by 2014? Then again by 2015? Now by the end of 2016? I keep hearing the same thing every year... what's different this time?


Also, didn't the Winklevoss release their ETF called Gemini? Or is that just an exchange? I'm so confused because I've been hearing about the same ETF for the last 2 years and nothing changes

Did someone promise you something too? 


Try a little harder with your nonsense.

By now, even the biggest of idiots have figured out that Gemini is an exchange and an exchange is different from an ETF.

We could have given you a pass for these kinds of questions a year ago (when Gemini first came out), but a year later, come on?

[siera]

What now Bitcoin fanatics? There where lots of posts last month that the BTC price will skyrocket to $1000 or even $2000. tsk tsk tsk.. I feel bad for those who took out a loan just to buy bitcoin prior to the halving thinking that the price will skyrocket afterwards.

 2 much hints can spoil the game!

[Dafar]

Bitcoin ETF approval within 5 months.

A new exchange traded fund designed to track the price of Bitcoin may be on its way to market. New paperwork has been filed with the SEC for the new ETF, titled Solid Bitcoin Trust, according to reports from ETF.com.

SolidX Partners Inc. says the Bitcoin within the ETF will be insured in case of theft, destruction or computer fraud, with the Bank of New York Mellon acting as custodian.

The new fund requires a rule change filing with SEC by the carrying exchange, due to Bitcoin’s status as a new asset type. The fund will kick off with an initial offering value at around $1 million.

Approval is pending based on the approval of the rule change filing; a precedent has since been set by the Winklevoss Bitcoin ETF, which the infamous brothers filed for on June 30. It’s anticipated that fund will receive approval by the end of 2016, with the SolidX ETF receiving approval by early 2017.

http://www.wealthprofessional.ca/news/etfs/new-bitcoin-etf-on-its-way-to-market-211198.aspx

Wasn't the Winklevoss ETF supposed to be approved by 2014? Then again by 2015? Now by the end of 2016? I keep hearing the same thing every year... what's different this time?


Also, didn't the Winklevoss release their ETF called Gemini? Or is that just an exchange? I'm so confused because I've been hearing about the same ETF for the last 2 years and nothing changes

Did someone promise you something too? 


Try a little harder with your nonsense.

By now, even the biggest of idiots have figured out that Gemini is an exchange and an exchange is different from an ETF.

We could have given you a pass for these kinds of questions a year ago (when Gemini first came out), but a year later, come on?

What nonsense you stupid motherfucker the Winklevoss ETF has been in the news as "soon to be approved" since 2014, I'm just asking how this news is any different.... it's the same shit over and over again. If I remember it was supposed to be approved by the end of 2014

Why are you so pissed, you on your period? Don't ever talk to me like that again bitch boy

[StoraGottes]

Nitrogen has an option under "Specials" section that lets you bet on price of BTC whether under or over 654.433 on August 4:

https://nitrogensports.eu/betslip/a764e61RW13dGR6YTJ6bnNaZEkxbWdITjVoQT09/r/453675/

[dloghwak]

Bitcoin ETF approval within 5 months.

A new exchange traded fund designed to track the price of Bitcoin may be on its way to market. New paperwork has been filed with the SEC for the new ETF, titled Solid Bitcoin Trust, according to reports from ETF.com.

SolidX Partners Inc. says the Bitcoin within the ETF will be insured in case of theft, destruction or computer fraud, with the Bank of New York Mellon acting as custodian.

The new fund requires a rule change filing with SEC by the carrying exchange, due to Bitcoin’s status as a new asset type. The fund will kick off with an initial offering value at around $1 million.

Approval is pending based on the approval of the rule change filing; a precedent has since been set by the Winklevoss Bitcoin ETF, which the infamous brothers filed for on June 30. It’s anticipated that fund will receive approval by the end of 2016, with the SolidX ETF receiving approval by early 2017.

http://www.wealthprofessional.ca/news/etfs/new-bitcoin-etf-on-its-way-to-market-211198.aspx

Wasn't the Winklevoss ETF supposed to be approved by 2014? Then again by 2015? Now by the end of 2016? I keep hearing the same thing every year... what's different this time?


Also, didn't the Winklevoss release their ETF called Gemini? Or is that just an exchange? I'm so confused because I've been hearing about the same ETF for the last 2 years and nothing changes

Did someone promise you something too? 


Try a little harder with your nonsense.

By now, even the biggest of idiots have figured out that Gemini is an exchange and an exchange is different from an ETF.

We could have given you a pass for these kinds of questions a year ago (when Gemini first came out), but a year later, come on?

What nonsense you stupid motherfucker the Winklevoss ETF has been in the news as "soon to be approved" since 2014, I'm just asking how this news is any different.... it's the same shit over and over again. If I remember it was supposed to be approved by the end of 2014

Why are you so pissed, you on your period? Don't ever talk to me like that again bitch boy

Well that escalated quickly.

[adamstgBit]

Bitcoin ETF approval within 5 months.

A new exchange traded fund designed to track the price of Bitcoin may be on its way to market. New paperwork has been filed with the SEC for the new ETF, titled Solid Bitcoin Trust, according to reports from ETF.com.

SolidX Partners Inc. says the Bitcoin within the ETF will be insured in case of theft, destruction or computer fraud, with the Bank of New York Mellon acting as custodian.

The new fund requires a rule change filing with SEC by the carrying exchange, due to Bitcoin’s status as a new asset type. The fund will kick off with an initial offering value at around $1 million.

Approval is pending based on the approval of the rule change filing; a precedent has since been set by the Winklevoss Bitcoin ETF, which the infamous brothers filed for on June 30. It’s anticipated that fund will receive approval by the end of 2016, with the SolidX ETF receiving approval by early 2017.

http://www.wealthprofessional.ca/news/etfs/new-bitcoin-etf-on-its-way-to-market-211198.aspx

Wasn't the Winklevoss ETF supposed to be approved by 2014? Then again by 2015? Now by the end of 2016? I keep hearing the same thing every year... what's different this time?


Also, didn't the Winklevoss release their ETF called Gemini? Or is that just an exchange? I'm so confused because I've been hearing about the same ETF for the last 2 years and nothing changes

Did someone promise you something too? 


Try a little harder with your nonsense.

By now, even the biggest of idiots have figured out that Gemini is an exchange and an exchange is different from an ETF.

We could have given you a pass for these kinds of questions a year ago (when Gemini first came out), but a year later, come on?

What nonsense you stupid motherfucker the Winklevoss ETF has been in the news as "soon to be approved" since 2014, I'm just asking how this news is any different.... it's the same shit over and over again. If I remember it was supposed to be approved by the end of 2014

Why are you so pissed, you on your period? Don't ever talk to me like that again bitch boy

Well that escalated quickly.

LOL

Can't blame Dafar
JJ called him an idiot for no good reason.

JJ must be having a bad day...

[Fatman3001]

Bitcoin ETF approval within 5 months.

A new exchange traded fund designed to track the price of Bitcoin may be on its way to market. New paperwork has been filed with the SEC for the new ETF, titled Solid Bitcoin Trust, according to reports from ETF.com.

SolidX Partners Inc. says the Bitcoin within the ETF will be insured in case of theft, destruction or computer fraud, with the Bank of New York Mellon acting as custodian.

The new fund requires a rule change filing with SEC by the carrying exchange, due to Bitcoin’s status as a new asset type. The fund will kick off with an initial offering value at around $1 million.

Approval is pending based on the approval of the rule change filing; a precedent has since been set by the Winklevoss Bitcoin ETF, which the infamous brothers filed for on June 30. It’s anticipated that fund will receive approval by the end of 2016, with the SolidX ETF receiving approval by early 2017.

http://www.wealthprofessional.ca/news/etfs/new-bitcoin-etf-on-its-way-to-market-211198.aspx

Wasn't the Winklevoss ETF supposed to be approved by 2014? Then again by 2015? Now by the end of 2016? I keep hearing the same thing every year... what's different this time?


Also, didn't the Winklevoss release their ETF called Gemini? Or is that just an exchange? I'm so confused because I've been hearing about the same ETF for the last 2 years and nothing changes

Did someone promise you something too? 


Try a little harder with your nonsense.

By now, even the biggest of idiots have figured out that Gemini is an exchange and an exchange is different from an ETF.

We could have given you a pass for these kinds of questions a year ago (when Gemini first came out), but a year later, come on?

What nonsense you stupid motherfucker the Winklevoss ETF has been in the news as "soon to be approved" since 2014, I'm just asking how this news is any different.... it's the same shit over and over again. If I remember it was supposed to be approved by the end of 2014

Why are you so pissed, you on your period? Don't ever talk to me like that again bitch boy

Well that escalated quickly.

LOL

Can't blame Dafar
JJ called him an idiot for no good reason.

JJ must be having a bad day...

JJG is "special"

[adamstgBit]

Bitcoin ETF approval within 5 months.

A new exchange traded fund designed to track the price of Bitcoin may be on its way to market. New paperwork has been filed with the SEC for the new ETF, titled Solid Bitcoin Trust, according to reports from ETF.com.

SolidX Partners Inc. says the Bitcoin within the ETF will be insured in case of theft, destruction or computer fraud, with the Bank of New York Mellon acting as custodian.

The new fund requires a rule change filing with SEC by the carrying exchange, due to Bitcoin’s status as a new asset type. The fund will kick off with an initial offering value at around $1 million.

Approval is pending based on the approval of the rule change filing; a precedent has since been set by the Winklevoss Bitcoin ETF, which the infamous brothers filed for on June 30. It’s anticipated that fund will receive approval by the end of 2016, with the SolidX ETF receiving approval by early 2017.

http://www.wealthprofessional.ca/news/etfs/new-bitcoin-etf-on-its-way-to-market-211198.aspx

the Winklevoss ETF has been in the news as "soon to be approved" since 2014, I'm just asking how this news is any different.... it's the same shit over and over again. If I remember it was supposed to be approved by the end of 2014

ya if the Winklevoss ETF has been waiting for aproval for years, why would this one get approved?


MAYBE its because of " Bank of New York Mellon acting as custodian. "  could be they will get aproved because the way the fund is setup makes the SEC feel more comfortable about it??

but i think there is a good chance this ETF will be the same story as the twins ETF, coming SOON^TM

[LFC_Bitcoin]

Yeah I'm not going to start expecting this ETF to come any time soon. I feel like we've seen this all before.
I'll believe it when I see it.

It always seems to be a date fairly far away & that confirmation or approval etc never comes.

[Paashaas]

Wasn't the Winklevoss ETF supposed to be approved by 2014? Then again by 2015? Now by the end of 2016? I keep hearing the same thing every year... what's different this time?

Also, didn't the Winklevoss release their ETF called Gemini? Or is that just an exchange? I'm so confused because I've been hearing about the same ETF for the last 2 years and nothing changes

Winkelvoss ETF was never approved during 2014, 2015 otherwise it woud alrdy be here..you're overeacting a little bit.

You need to pay for lawyers, regulaters, filling paperwork to SEC etc, that cost a ton of money and time. Bitcoin is a brand new asset class with a lot of potential, it is not easy to make a framework.
All party's needs to be happy, if the first farmework does not fit the requirements than a new one will be planned and that will take a new chunk of money and time. There are more ETF's going on than the Winkelvoss but the 2 brothers are going for BATS exchange. Imo that fits Bitcoin better than NASDAQ.

Have patience friend, Bitcoin ETF's will come.

[adamstgBit]

Have patience friend, Bitcoin ETF's will come.

in 6months?

[Dafar]

Winkelvoss ETF was never approved during 2014, 2015 otherwise it woud alrdy be here..you're overeacting a little bit.

You need to pay for lawyers, regulaters, filling paperwork to SEC etc, that cost a ton of money and time. Bitcoin is a brand new asset class with a lot of potential, it is not easy to make a framework.
All party's needs to be happy, if the first farmework does not fit the requirements than a new one will be planned and that will take a new chunk of money and time. There are more ETF's going on than the Winkelvoss but the 2 brother are going for BATS exchange. Imo that fits Bitcoin better than NASDAQ.

Have patience friend, Bitcoin ETF's will come.

I didn't say it was approved.... we have been hearing about it waiting to be approved since 2014. So what exactly is new about this:

Bitcoin ETF approval within 5 months.

A new exchange traded fund designed to track the price of Bitcoin may be on its way to market. New paperwork has been filed with the SEC for the new ETF, titled Solid Bitcoin Trust, according to reports from ETF.com.

SolidX Partners Inc. says the Bitcoin within the ETF will be insured in case of theft, destruction or computer fraud, with the Bank of New York Mellon acting as custodian.

The new fund requires a rule change filing with SEC by the carrying exchange, due to Bitcoin’s status as a new asset type. The fund will kick off with an initial offering value at around $1 million.

Approval is pending based on the approval of the rule change filing; a precedent has since been set by the Winklevoss Bitcoin ETF, which the infamous brothers filed for on June 30. It’s anticipated that fund will receive approval by the end of 2016, with the SolidX ETF receiving approval by early 2017.

http://www.wealthprofessional.ca/news/etfs/new-bitcoin-etf-on-its-way-to-market-211198.aspx

Sounds meaningless to me because we have been hearing this since 2014.


Here is an article from May 2014:

http://moneymorning.com/2014/05/12/winklevoss-bitcoin-etf-to-list-on-nasdaq-gets-closer-to-reality/

The Winklevoss Bitcoin ETF is still awaiting regulatory approval from the U.S. Securities and Exchange Commission

Still waiting..... and 2 years later we have another article that claims it's "still waiting" ...sorry if I'm not excited until we see a confirmation. Anticipation isn't confirmation

[Elwar]

The ETF won't go through until they get to the point when the SEC opens it up for public comment for 45 days. Then after those 45 days are over....rocketships.

[White sugar]

Have patience friend, Bitcoin ETF's will come.

in 6months?

Just before the new forum software is finished and running

[DaRude]

Have patience friend, Bitcoin ETF's will come.

in 6months?

Just before the new forum software is finished and running

Will that be before "Midas" and LTC will start trading on gox?

[savetherainforest]

So, one might pose this question: why is bitcoin so hot in Malaysia?
For starters, the ringgit has been on a losing streak since the US authorities announced a major money laundering and embezzlement investigation into state-owned 1Malaysia Development Bhd, which allegedly laundered about $1 billion of the misappropriated funds through banks in the U.S. The Malaysian ringgit dropped about 2.7% last week - the biggest drop since September - due to the negative press surrounding the international investigation, TheMalayOnline reports. Low oil prices are also having a negative impact on the outlook of the Malaysian economy and currency, as Malaysia is Asia’s only major net oil exporting nation.

Well ... you know what this means?? .... Nope! U'r wrong! .... I tell you what it means...

The world is sick of the US dollar monopoly game and keeps imposing regulation where they should not have, and they "want to break free!" Meaning, the dollar will be dumped as soon as possible! "Drop it like its hot!" (Good Job Snoop Dog)

Meaning everything pegged to the US dollar will skyrocket in prices! ... And them "poor" americans soon to become actual poor after the devaluation... They will riot and revolt, do more mass shootings, kidnappings, heists, food stores will get closed.... This sounds familiar... Oh wait!... Yes! .. We have that! And we see that happening now in Venezuhela!!!  

[yefi]

I didn't say it was approved.... we have been hearing about it waiting to be approved since 2014. So what exactly is new about this:

[...]

Sounds meaningless to me because we have been hearing this since 2014.

[...]

Still waiting..... and 2 years later we have another article that claims it's "still waiting" ...sorry if I'm not excited until we see a confirmation. Anticipation isn't confirmation

The SolidX ETF isn't the Winklevii's COIN ETF. The latter is awaiting comment on a rule change for listing on BATS. NASDAQ never filed for that rule change. There is now a timetable for acceptance, starting with a 45-day period for comment with several possible extensions. I guess it still could all fall apart and be rejected, but it's undeniably further ahead than previously.

[European Central Bank]

ya if the Winklevoss ETF has been waiting for aproval for years, why would this one get approved?

MAYBE its because of " Bank of New York Mellon acting as custodian. "  could be they will get aproved because the way the fund is setup makes the SEC feel more comfortable about it??

but i think there is a good chance this ETF will be the same story as the twins ETF, coming SOON^TM

nope. it's all about their new exchange willing to change the rule necessary to list it. nasdaq did nothing to get it rolling. bats, or whatever it's called, has.

that rule change is the key to advancing the application. before that it was dreamland. we'll know if this rule is approved soon. if it is then one of the major obstacles is gone and the etf application is a whole lot closer.

The ETF won't go through until they get to the point when the SEC opens it up for public comment for 45 days. Then after those 45 days are over....rocketships.

i thought it already had, or maybe that was just the rule change. in that case it received a grand total of two comments. one from some guy who said it sounded kinda nice. the other was a million negative words from that asshole brazilian professor.

[JayJuanGee]

Bitcoin ETF approval within 5 months.

A new exchange traded fund designed to track the price of Bitcoin may be on its way to market. New paperwork has been filed with the SEC for the new ETF, titled Solid Bitcoin Trust, according to reports from ETF.com.

SolidX Partners Inc. says the Bitcoin within the ETF will be insured in case of theft, destruction or computer fraud, with the Bank of New York Mellon acting as custodian.

The new fund requires a rule change filing with SEC by the carrying exchange, due to Bitcoin’s status as a new asset type. The fund will kick off with an initial offering value at around $1 million.

Approval is pending based on the approval of the rule change filing; a precedent has since been set by the Winklevoss Bitcoin ETF, which the infamous brothers filed for on June 30. It’s anticipated that fund will receive approval by the end of 2016, with the SolidX ETF receiving approval by early 2017.

http://www.wealthprofessional.ca/news/etfs/new-bitcoin-etf-on-its-way-to-market-211198.aspx

Wasn't the Winklevoss ETF supposed to be approved by 2014? Then again by 2015? Now by the end of 2016? I keep hearing the same thing every year... what's different this time?


Also, didn't the Winklevoss release their ETF called Gemini? Or is that just an exchange? I'm so confused because I've been hearing about the same ETF for the last 2 years and nothing changes

Did someone promise you something too?  


Try a little harder with your nonsense.

By now, even the biggest of idiots have figured out that Gemini is an exchange and an exchange is different from an ETF.

We could have given you a pass for these kinds of questions a year ago (when Gemini first came out), but a year later, come on?

What nonsense you stupid motherfucker the Winklevoss ETF has been in the news as "soon to be approved" since 2014, I'm just asking how this news is any different.... it's the same shit over and over again. If I remember it was supposed to be approved by the end of 2014

Why are you so pissed, you on your period? Don't ever talk to me like that again bitch boy

Poor lillie thing.


You ask a bunch of dumb questions, then you expect posters to respect you in a quasi-anonymous forum.     I am not pissed at all regarding the topic, just responded to your silly-ass post.  On the other hand, you seem to be a little bit sensitive to engage in substantive BTC discussion.  and maybe even easily distracted.  

Can't blame Dafar
JJ called him an idiot for no good reason.

JJ must be having a bad day...

Actually, I agree that my language may have been a bit stronger than necessary, but this is the internet, no?  Shouldn't we expect that sometimes the tone of writing (especially in a quasi-anonymous forum) may be a bit off in one direction or another?

JJG is "special"

Actually should figure that fatty would chime in with a bit of her white knighting.   

[JayJuanGee]

Have patience friend, Bitcoin ETF's will come.

in 6months?

Hello? Soon. ^TM