Another Bitcoin ETF Deadline is Already Approaching

The US Securities and Exchange Commission (SEC) is set to make another bitcoin exchange-traded fund (ETF) decision later this month.

New York-based startup SolidX revealed last July that it was filing to list a bitcoin ETF on the New York Stock Exchange, seeking to sell as much as $1m worth of shares. The firm raised $3m in late 2014 in a bid to sell financial products tied to the digital currency.

Yet the SEC delayed a decision on that proposed offering in September, punting forward a determination until 30th March.

http://www.coindesk.com/another-bitcoin-etf-deadline-is-already-approaching/

Not really.

This ETF will have zero chances of getting approved due to the reasons the Winklevoss ETF was rejected. In that regard, there is nothing interesting to about this. It's a non event, really.

If people are fully realistic, then it won't have any impact on the market. Another thing that helps is that this ETF isn't being fully jumped on by people as was the case with the Winklevoss ETF. No hype is no market sensation. I even doubt that the majority of the people know about this ETF.

SolidX has most likely lost all confidence at the time the Winkies ETF got disapproved. If the SEC doesn't look at Bitcoin in a different way, then with their requirements there will never be a Bitcoin related ETF. But the good thing is that Bitcoin doesn't need any ETF's to move forward. Imagine what will happen once we finally have broken through all the nonsense discussions regarding the block size increase. That will give the price a massive boost as that will allow Bitcoin to cope with the increased demand.