bitcoin ETF announcement March 11 what do you expect?

[ggbitcoin000]

https://www.bloomberg.com/news/articles/2017-02-21/you-can-bet-on-whether-the-sec-approves-the-first-bitcoin-etf

Is it likely to be approved or not approved? If approved will it spike? By how much?

[szpalata]

https://www.bloomberg.com/news/articles/2017-02-21/you-can-bet-on-whether-the-sec-approves-the-first-bitcoin-etf

Is it likely to be approved or not approved? If approved will it spike? By how much?

It has a slim chance of getting approved 35% but if it does gets approved it will sure skyrocket the prices again, thus time it will really pump high.

[European Central Bank]

don't forget there's two more after this one. if the winklevoss one gets a no, maybe the other applications will learn something and add it to theirs.

the gbtc one is based on something that's successfully existed for a few years. that's a strong possibility too.

[shield132]

To my mind it's likely to be approved because also two days ago atf said in their news that an innovative marriage that promises to combine two unique “fintech” concepts—the ETF and the peer-to-peer digital currency bitcoin—looks like it’s finally about to happen. Also after all, ETFs have been revolutionizing investments for 25 years and bitcoin, since its 2009 introduction, has shown potential to completely change financial transactions.
Well, there are great chanses.

[Hydrogen]

I think the SEC will grant the bitcoin ETF a green light.

If they don't do it, another country will.

Strategically it makes sense to be the first on board, it gives them influence to be associated with the first bitcoin ETF in history.

It could also make btc easier to tax in the long run, being that ETF investment will be taxable.

[blackhawkeye1912]

https://www.bloomberg.com/news/articles/2017-02-21/you-can-bet-on-whether-the-sec-approves-the-first-bitcoin-etf

Is it likely to be approved or not approved? If approved will it spike? By how much?

All I can say for what will happen on march 11, 2017. let us entrust in the above what could the result. Just important is let us continue to support bitcoin, continue to patronize it. there are many projection about in bitcoin but we cannot predict anything in this world.

[European Central Bank]

If they don't do it, another country will.

they might be all too happy to let another country screw up. american investors probably won't get any tax breaks on something listed on a foreign exchange so it would make no difference if something similar happened elsewhere.

[TheByzantineGeneral]

don't forget there's two more after this one. if the winklevoss one gets a no, maybe the other applications will learn something and add it to theirs.

the gbtc one is based on something that's successfully existed for a few years. that's a strong possibility too.

Which are the other two after Winklevoss?

[European Central Bank]

Which are the other two after Winklevoss?

solidx and gbtc. the solidx one gets a decision on march 30th. i dunno if that's an extendable deadline. they might draw it out for another few years.

[bettercrypto]

https://www.bloomberg.com/news/articles/2017-02-21/you-can-bet-on-whether-the-sec-approves-the-first-bitcoin-etf

Is it likely to be approved or not approved? If approved will it spike? By how much?

I got no idea but i hope that it will get approved.  If Winkelvoss ETF is approved by SEC, we can see a spike in price for another $100+ ( a conservative estmation)  and continously rising as the fund are being poured to the bitcoin economy slowly.  Aside from that there will be another faction which is not involved in this ETF that will dive into Bitcoin economy because of this decision.  Those who are hesitating will be swayed that Bitcoin is really legit.

[Snorek]

I think the SEC will grant the bitcoin ETF a green light.

If they don't do it, another country will.

Strategically it makes sense to be the first on board, it gives them influence to be associated with the first bitcoin ETF in history.

It could also make btc easier to tax in the long run, being that ETF investment will be taxable.

From what I know there is already ETF in Germany and it's 2 years old:

https://bitcoinblog.de/2015/07/08/germanys-first-bitcoin-etf-launches-today/


I don't see that ETF made any significant impact on bitcoin price, community or whatever. Conclusion: local ETFs have zero influence, only ETF backed by big money is worth something.

[ggbitcoin000]

A lot of threads that are coming out and curious with the ETF approval. But a few more days to go and well see what will be the result. But there's just one thing that I want to happen, whatever would be the result of it. It's price should keep remain on the $1,200 mark. And many are saying that if it will be approved, the price will increase.

It will probably question is how much. I think it depends on underlying implications. ETF is kind of derivative if I understood correctly. I  wish there is an future/option trading for btc. Well there is but that exchange topped the gain at 80%

[manselr]

A lot of threads that are coming out and curious with the ETF approval. But a few more days to go and well see what will be the result. But there's just one thing that I want to happen, whatever would be the result of it. It's price should keep remain on the $1,200 mark. And many are saying that if it will be approved, the price will increase.

It will probably question is how much. I think it depends on underlying implications. ETF is kind of derivative if I understood correctly. I  wish there is an future/option trading for btc. Well there is but that exchange topped the gain at 80%

Some people are scared about the ETF being a double edged sword because it may pose risk to start fractional banking, and then we would see the same problem we see with fiat..

But as far as I know, COIN shares will be correlated with blockchain transactions so there is no way for "new coins" to be created out of thin air.

[Dmitry.Vastov]

We all hope SEC approved ETF. Bitcoin price is really high right now. If ETF approved. Theres a possibilty that the price will be doubled. But i dont think it will be approve. The chances are really thin. Approved or not approved. The price is still really high tho. We are at $1287 and still kicking. Hope big dumps wont happen if ever ETF won't approved by SEC.

[freedomno1]

The markets betting on approved, I feel like it will be approved although that does not mean it won't have a strong set of restrictions on it's usage.
What type of restrictions I'm uncertain as to what they will be but they are down to the wire on this for a reason.

[X-ray]

With the news of approval the bitcoin etf by SEC, i will be expecting about multi million dollars will flow to the bitcoin. and i guess it will give some dollars for the price of bitcoin, We are know it's not about billions dollar. and can't make the price of the bitcoin will get push for instantly.

[Chikito]

 very unusual, there are many altcoin will fall to 1 satoshi, Although the intake of money will be done gradually. and if anybody sees this as an advantage, will not be wrong if you sell now, and hope the price of BTC will fall, and get the price before the pump.

[ethereumhunter]

there are many prediction around us that telling it will be approved and for me i hope its approved and if this is happen, i think the price will be increase more than we can see now. but it still 5 days left and we should waiting while we can still doing trade in the market and make profit before something bad thing for example that will happen. i only hope the good news from this.

[Decoded]

Despite what people say about "Slim chances", I think the ETF will go through. You can't put a rate on a educated decision. It's also not just the Winklevoss ETF that is being pushed, there are a couple more.

Bitcoin and the blockchain is being researched and used by major fintech companies already, I doubt the SEC will be daft enough to not approve it.

[hase0278]

Despite what people say about "Slim chances", I think the ETF will go through. You can't put a rate on a educated decision. It's also not just the Winklevoss ETF that is being pushed, there are a couple more.

Bitcoin and the blockchain is being researched and used by major fintech companies already, I doubt the SEC will be daft enough to not approve it.

Maybe you are right nut there's still the chance that it will get dissapproved but I agree with your statement that ETF will go through if they consider that blockchain itself is a great technology. In my opinion though some might try to control bitcoin's price especially finance corporations wanting more money if this gets approved.