11th March, SEC approve or not bitcoin in ETF

[LFC_Bitcoin]

Market pricing the odd at around 38%

Think I saw it at less than 30% chance of approval some time ago. A 38% chance isn't too bad if that's what we're looking at now.

[1714649693]

1714649693

[1714649693]

1714649693

[1714649693]

1714649693

[1714649693]

1714649693

[1Referee]

SEC also fights against trading with insider information, which makes me directly wonder whether or not a few of these employees will open up positions in Bitcoin as they basically before everyone else know that it is going to be approved (in case it does get approved). I definitely wouldn't be surprised if that happen to be the reality. SEC is nothing more than a joke with how they operate and "guard" the market.

[bamboylee]

Hi everyone,

I have read that the 11th March is the deadline for the SEC ( Security and Exchange Commission ) to approve... or not Bitcoin in ETF ( Exchange Trade Fund ). What does that exactly mean for Bitcoin? Will there be a boom in prices if it is approved? Will there be a drop if it is rejected? Or nothing?

Thanks for your opinions. I am looking forward to invest many bitcoins but i would actually see whenever it has the best price before a next boom.

We can only speculate. but you are free to invest now. Most are speculating that bitcoin is still under priced so with or without ETF approval, there will still be a boom in price. If you keep on waiting for the right price, you might miss your opportunity.

[Denker]

SEC also fights against trading with insider information, which makes me directly wonder whether or not a few of these employees will open up positions in Bitcoin as they basically before everyone else know that it is going to be approved (in case it does get approved). I definitely wouldn't be surprised if that happen to be the reality. SEC is nothing more than a joke with how they operate and "guard" the market.

The same also works in the other direction.
Guys with an information advantage might also place some big short positions in case the ETF gets rejected.

[RodeoX]

If you want it to happen, this would be a good time to contact the SEC.

https://www.sec.gov/contact.shtml

[alyssa85]

SEC also fights against trading with insider information, which makes me directly wonder whether or not a few of these employees will open up positions in Bitcoin as they basically before everyone else know that it is going to be approved (in case it does get approved). I definitely wouldn't be surprised if that happen to be the reality. SEC is nothing more than a joke with how they operate and "guard" the market.

The same also works in the other direction.
Guys with an information advantage might also place some big short positions in case the ETF gets rejected.

Some speculators will definitely take some profits around 8th March, just in case the ETF is rejected.

It is worth remembering that the Winklevoss ETF is not the only one under consideration, there are two others.

[afbitcoins]

In the long run I think probably better not to have any ETFs. Maybe they are inevitable though. As long as the ETF holdings are transparent on the blockchain they will stay honest, but will that be the case?

Why not? What difference does it make whether people buy and sell bitcoins directly or through the ETF?
The ETF would result in new investors coming to Bitcoin and that is a positive.

Those lazy ass noobs won't be holding bitcoins they'll be holding IOU notes. Its easy to make IOU notes, as many as they want, not easy to mint real bitcoins