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Solid X ETF
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Topic: Solid X ETF (Read 2064 times)
X-ray
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Leading Crypto Sports Betting & Casino Platform
Re: Solid X ETF
March 29, 2017, 06:51:58 AM
#41
Quote from: Bitcoinreminder.com on March 28, 2017, 04:35:07 PM
IT WAS DENIED
Order Disapproving a Proposed Rule Change, as Modified by Amendment No. 1, Relating to the Listing and Trading of Shares of the SolidX Bitcoin Trust under NYSE Arca Equities Rule 8.201
https://www.sec.gov/rules/sro/nysearca/2017/34-80319.pdf
Don't forget if we still have Grayscale to be accepted by the US securities, What do you think about that? Do you believe if that will be accepted by the US securities or Was it including on the ignore list of US securities?
Denied, denied and denied again, looks like Bitcoin ETF is not mean something for the US securities.
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Kemarit
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Re: Solid X ETF
March 29, 2017, 09:43:26 AM
#42
Quote from: X-ray on March 29, 2017, 06:51:58 AM
Quote from: Bitcoinreminder.com on March 28, 2017, 04:35:07 PM
IT WAS DENIED
Order Disapproving a Proposed Rule Change, as Modified by Amendment No. 1, Relating to the Listing and Trading of Shares of the SolidX Bitcoin Trust under NYSE Arca Equities Rule 8.201
https://www.sec.gov/rules/sro/nysearca/2017/34-80319.pdf
Don't forget if we still have Grayscale to be accepted by the US securities, What do you think about that? Do you believe if that will be accepted by the US securities or Was it including on the ignore list of US securities?
Denied, denied and denied again, looks like Bitcoin ETF is not mean something for the US securities.
It will be denied again and again for the simply reason that bitcoin is unregulated. So SEC thinks that they cannot protect the investors. And we also know that bitcoin market as currently structured is resilient to manipulation as well. The double rejection ends a months-long rally that pushed bitcoin’s value higher than gold. I think the SolidX rejection also affected a few percent of the price of bitcoin but not that significant though. And future bitcoin ETF application will be rejected as well.
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