ETF decision before 11th March

[OmegaStarScream]

If the news are true then we should expect seeing results either tomorrow or Friday.

"The SEC has an 11th March deadline to make a decision regarding the proposed rule change that would clear the way for the ETF, which would be the first of its kind. Yet because the 11th falls on a Saturday, that decision will come before that date – potentially before Friday, the source said."

[1] http://www.coindesk.com/sec-decide-bitcoin-etf-fate-friday/

[milewilda]

If the news are true then we should expect seeing results either tomorrow or Friday.

"The SEC has an 11th March deadline to make a decision regarding the proposed rule change that would clear the way for the ETF, which would be the first of its kind. Yet because the 11th falls on a Saturday, that decision will come before that date – potentially before Friday, the source said."

[1] http://www.coindesk.com/sec-decide-bitcoin-etf-fate-friday/

Im following on this news and im quiet excited and afraid on what would happen on tomorrow on or upcoming days. Speculations are everywhere regarding ETF approval.

[DooMAD]

I think it's fair to say that all we know for certain is it's not going to be the 11th.  Whether it's going to be the 10th, the 13th, or possibly even moving the deadline later if they decide they need more time to reach a conclusion, is anyone's best guess right now.  If I had to bet money, I'd put it on some rushed delay tactics and a date well after the 13th.  I think this little saga still has some life in it.  Hopefully I'm wrong, though.

[kazzkiq]

In case of approval, would this open a precedent, giving "sure of approval" to future ETFs (maybe even from other cryptocurrencies)? Or each case is examined separately by the US regulatory bodies?

[mobnepal]

Drama is already on, there is huge correction going on price right now may be someone from inside know what will be the decision. If it don't got approved there is high chance that price will go even more down to almost 1000$ range but if got approved we will see real price surge.

[xskl0]

Thanks for the information, very exciting  news

[LFC_Bitcoin]

I really, really don't want to wake up tomorrow & see that it's been rejected. I know that long term it'd just be a minor speed bump & not vitally important that this ETF is approved as others will come (I think another 2 or 3 have been filed by others already).

It'd just be great to get this approved.

[U2]

This is exactly what I was wondering months ago when I saw that the 11th was actually a Saturday. It can't be the right date because they don't do anything on a Saturday. We'll either have to wait until Monday to get the official news or we'll get it early like Friday afternoon.

[Pab]

I hope SEC will not approve ETF.I dont want to have any derivative maret,what a shit,bitcoin has to be nternet global alternative p2p currency not some speculative vehicle.I dont care of some price drop
Read on coindesk articles about btc adoption in Switzerland and first bitcoin bank for blockchain companies in Europe.ETF is not important for btc,ppl will sell at lower price than will b rebound

[Denker]

Drama is already on, there is huge correction going on price right now may be someone from inside know what will be the decision. If it don't got approved there is high chance that price will go even more down to almost 1000$ range but if got approved we will see real price surge.

A drop down to $1000 as bottom would be a very good outcome in such a scenario!
This sell off we've seen could also be a shake out of weak hands, to accumulate even more coins by big fish before the
ETF gets approved!
So you can spin it however you want. You and me, as small guys what we are, know nothing and can speculate as much as we want. We will know it after the announcment was made.

[U2]

I hope SEC will not approve ETF.I dont want to have any derivative maret,what a shit,bitcoin has to be nternet global alternative p2p currency not some speculative vehicle.I dont care of some price drop
Read on coindesk articles about btc adoption in Switzerland and first bitcoin bank for blockchain companies in Europe.ETF is not important for btc,ppl will sell at lower price than will b rebound

Nah, it gets more people into the game which in turn gets a higher market cap. We'll see a rise in the LONG TERM for sure. Short term is anyone's guess.

Bitcoin banks? Now there's something horribly detrimental to bitcoins. That's like having to go to the store to buy water bottles. But wait durp I have water at home. It's 100% useless. Only idiots use bitcoin banks and only idiots buy plastic water bottles.

[cryp24x]

If the news are true then we should expect seeing results either tomorrow or Friday.

"The SEC has an 11th March deadline to make a decision regarding the proposed rule change that would clear the way for the ETF, which would be the first of its kind. Yet because the 11th falls on a Saturday, that decision will come before that date – potentially before Friday, the source said."

[1] http://www.coindesk.com/sec-decide-bitcoin-etf-fate-friday/

Im following on this news and im quiet excited and afraid on what would happen on tomorrow on or upcoming days. Speculations are everywhere regarding ETF approval.

Same here, this is the most waited event this year.  This will either make or break this bitcoin bull rally this year.  But I seen a drop in price recently, is this a correction or some insider having knowledge about the decision and shorting their trades now, expecting negative decision that will trigger massive dumps from the holder?

[pereira4]

Drama is already on, there is huge correction going on price right now may be someone from inside know what will be the decision. If it don't got approved there is high chance that price will go even more down to almost 1000$ range but if got approved we will see real price surge.

Insider trading may be a thing but I don't believe this is the case. Who can know what the SEC will do? Only people in the government. Do you think there are bitcoin whales with SEC-tier access to the documents? Im not sure about that. We are still in the early days, most bitcoin whales are computer nerds and cryptoanarchysts. The businessmen whales like Winklevoss are a tiny minority.

[helloeverybody]

If the news are true then we should expect seeing results either tomorrow or Friday.

"The SEC has an 11th March deadline to make a decision regarding the proposed rule change that would clear the way for the ETF, which would be the first of its kind. Yet because the 11th falls on a Saturday, that decision will come before that date – potentially before Friday, the source said."

[1] http://www.coindesk.com/sec-decide-bitcoin-etf-fate-friday/

Im following on this news and im quiet excited and afraid on what would happen on tomorrow on or upcoming days. Speculations are everywhere regarding ETF approval.

Same here, this is the most waited event this year.  This will either make or break this bitcoin bull rally this year.  But I seen a drop in price recently, is this a correction or some insider having knowledge about the decision and shorting their trades now, expecting negative decision that will trigger massive dumps from the holder?

Global Advisors Bitcoin Investment Fund got cold feet today and decided to cash out which is why we have had the dip.

"Without the ETF launch, should that be the case after that deadline, and with the aforementioned issues in China, we believe the market will be short of a catalyst and will have trapped some overly optimistic long positions. We will continue to reduce our exposure into the decision date."

 My only other concern is that the etf goes through and nothing even happens with the price. Maybe we will just stay exactly where we are, or even drop.

[megynacuna]

If the news are true then we should expect seeing results either tomorrow or Friday.

"The SEC has an 11th March deadline to make a decision regarding the proposed rule change that would clear the way for the ETF, which would be the first of its kind. Yet because the 11th falls on a Saturday, that decision will come before that date – potentially before Friday, the source said."

[1] http://www.coindesk.com/sec-decide-bitcoin-etf-fate-friday/

I'm watching this space OP, keep us updated all the time. I'm curious about the outcome of the decision.

[uneng]

Drama is already on, there is huge correction going on price right now may be someone from inside know what will be the decision. If it don't got approved there is high chance that price will go even more down to almost 1000$ range but if got approved we will see real price surge.

Insider trading may be a thing but I don't believe this is the case. Who can know what the SEC will do? Only people in the government. Do you think there are bitcoin whales with SEC-tier access to the documents? Im not sure about that. We are still in the early days, most bitcoin whales are computer nerds and cryptoanarchysts. The businessmen whales like Winklevoss are a tiny minority.

I think also it's a real possibility. Why is the bitcoin price decreasing a lot now? Without reason? Maybe someone already knows the result and sold the information for a good price to a whale. We don't know the face of whales, they can be nerds or businessmen, maybe most rich men hold bitcoins... We will never know. It's a theory, but possible to be true.

[thesavoyard]

Drama is already on, there is huge correction going on price right now may be someone from inside know what will be the decision. If it don't got approved there is high chance that price will go even more down to almost 1000$ range but if got approved we will see real price surge.

Insider trading may be a thing but I don't believe this is the case. Who can know what the SEC will do? Only people in the government. Do you think there are bitcoin whales with SEC-tier access to the documents? Im not sure about that. We are still in the early days, most bitcoin whales are computer nerds and cryptoanarchysts. The businessmen whales like Winklevoss are a tiny minority.

I think also it's a real possibility. Why is the bitcoin price decreasing a lot now? Without reason? Maybe someone already knows the result and sold the information for a good price to a whale. We don't know the face of whales, they can be nerds or businessmen, maybe most rich men hold bitcoins... We will never know. It's a theory, but possible to be true.

One of the three Chinese exchanges opened up withdrawals. So the miners have been saving coins for a month can now sell them.

[bettercrypto]

Drama is already on, there is huge correction going on price right now may be someone from inside know what will be the decision. If it don't got approved there is high chance that price will go even more down to almost 1000$ range but if got approved we will see real price surge.

Insider trading may be a thing but I don't believe this is the case. Who can know what the SEC will do? Only people in the government. Do you think there are bitcoin whales with SEC-tier access to the documents? Im not sure about that. We are still in the early days, most bitcoin whales are computer nerds and cryptoanarchysts. The businessmen whales like Winklevoss are a tiny minority.

I think also it's a real possibility. Why is the bitcoin price decreasing a lot now? Without reason? Maybe someone already knows the result and sold the information for a good price to a whale. We don't know the face of whales, they can be nerds or businessmen, maybe most rich men hold bitcoins... We will never know. It's a theory, but possible to be true.

One of the three Chinese exchanges opened up withdrawals. So the miners have been saving coins for a month can now sell them.

Well this could be a good reason why the price goes down today.  With same demand and a huge additional supply  coming from miners, there is no doubt the price will actually decrease.  Anyway I hope ETF be approved so we can see BTC at $1500 soon.

[shinratensei_]

Drama is already on, there is huge correction going on price right now may be someone from inside know what will be the decision. If it don't got approved there is high chance that price will go even more down to almost 1000$ range but if got approved we will see real price surge.

Insider trading may be a thing but I don't believe this is the case. Who can know what the SEC will do? Only people in the government. Do you think there are bitcoin whales with SEC-tier access to the documents? Im not sure about that. We are still in the early days, most bitcoin whales are computer nerds and cryptoanarchysts. The businessmen whales like Winklevoss are a tiny minority.

I think also it's a real possibility. Why is the bitcoin price decreasing a lot now? Without reason? Maybe someone already knows the result and sold the information for a good price to a whale. We don't know the face of whales, they can be nerds or businessmen, maybe most rich men hold bitcoins... We will never know. It's a theory, but possible to be true.

One of the three Chinese exchanges opened up withdrawals. So the miners have been saving coins for a month can now sell them.

Can you give me a source? Their still get pending because the regulator approval. I don't give anything for the current condition of bitcoin.

http://www.coindesk.com/huobi-will-resume-bitcoin-withdrawals-pending-regulatory-approval/

[aardvark15]

The price could be dropping because most people are saying that it is unlikely that the ETF will get approved. Although it's hard to tell the reason and it is still relatively high right now.