When is the bitcoin ETF getting rejected again?

[BillyBobZorton]

As we all know (I think) the ETF was rejected, but the winklevoss insinsted and the SEC was doing a secondary re-evaluation. I think it's ridiculous to expect it to get approved, which may cause a dip, and I want to buy that dip since it will get bought up back.

Of course in the rare case it gets accepted we will hit $10000 in no time, but let's be realistic, it will get rejected again because SEC cannot control BTC which is good.

The limit was may 15 to present all the documentation, so it should be any day now that SEC makes the announcement.

Some people were expecting it tomorrow but nothing happened.

Maybe there will be no impact on the price tho, the novelty factor is over, we already experienced a couple failed ETFs. Nobody cared about the SolidX one.

[European Central Bank]

the comment period closed on the 18th. now you can rebut comments until june 1st. i don't really know what rebutting consists of. after that i'm not sure there is a set date for saying no yet.

anyone know what happened to the gbtc application? that was the only one that could point to a successful similar ish product.

the market looks even more screwed up and uncontrollable than when it was last rejected so nothing's gonna change.

[Yakamoto]

Probably going to be rejected either sometime this weekend (similar to how they did the last decision) or they're going to wait until Monday and have some fun with the speculation.

I would have to laugh if they actually approve it this time around, it's been, what, 3 years since they tried to get their ETF working? Those guys really don't quit, do they?

[surus]

There are rumours that we will see ETH etf before we get Bitcoin's. 

[European Central Bank]

There are rumours that we will see ETH etf before we get Bitcoin's. 

why? that market is even more distorted and uncontrollable than bitcoin's. all the sec care about is the ability to do their job correctly. they can't do that with any crypto market.

[raven7886]

Probably going to be rejected either sometime this weekend (similar to how they did the last decision) or they're going to wait until Monday and have some fun with the speculation.

I would have to laugh if they actually approve it this time around, it's been, what, 3 years since they tried to get their ETF working? Those guys really don't quit, do they?

Well, even if they fail again in exchange-traded fund (ETF), they will never quit and i am sure one day they will be able to implement this. the reason is that they are working for this for as long as 4 years and also now they see bitcoin slow confirmation a reason to switch to ETF along with many other reasons.

[Hydrogen]

I wish they'd give up on the ETF. It doesn't do anything other than push the price of BTC/crypto down whenever the SEC denies the proposal. It gives many the false notion the SEC is a legitimate & objective regulatory agency that cares about the interests of average people & acts in favor of the greater good. In reality the SEC will likely follow the milkman paradigm where they stall on measures the public demands, until people are willing to accept anything. The US federal government stalled on healthcare reform for decades until americans were desperate enough to accept obamacare and 20 tax hikes to pay for it. The SEC will likely follow the same plan with a BTC ETF. They'll stall and wait until people are desperate enough to accept regulation and centralized control.

[freebutcaged]

Everyone ignores the fact that if any of these ETFs gets an approval doesn't change anything in the code of Bitcoin, and many already bought in big even before any ETF news coming out.

If price increasing is because of hopes of an ETF getting approved then it just shows us how people still depend on traditional and governmental systems, it shows they never cared for decentralization and all they wanted was insurance of their funds being safe.

And I'm glad that such people exist because they will dump and exit when they see there is no ETF and price corrects itself in favor of average buyers.

[Mbokani]

Does the recent price hike has anything to do with SEC approval,i thought new investments are coming through and more countries are legalizing bitcoin and so is the reason for the current rally and even if the SEC rejects it,i do not think we will see any major correction with the price as we are having more investors than before .

[cpfreeplz]

The solidX ETF honestly had no press coverage at all. I never saw anything on it whereas the winklevoss twins have their own little fan club behind them. I thought the decision was to be the 15th but if that's when the papers had to be submitted by how long do they have before they release an answer? Nothing changed about bitcoins so it can't be approved anyway. Idk why people think it's a big deal. They should just run a business that all they do is buy bitcoins and people invest in that business. Seems simple but I'm sure there's a hell of a lot more to it than that.

[xuan87]

Everyone ignores the fact that if any of these ETFs gets an approval doesn't change anything in the code of Bitcoin, and many already bought in big even before any ETF news coming out.

If price increasing is because of hopes of an ETF getting approved then it just shows us how people still depend on traditional and governmental systems, it shows they never cared for decentralization and all they wanted was insurance of their funds being safe.

And I'm glad that such people exist because they will dump and exit when they see there is no ETF and price corrects itself in favor of average buyers.

at first I though that ETF is going to gave a big advantage to bitcoin, I realized if ETF being approved we will see a huge rising, but when it is rejected then the price will drop down like last time, and if ETF is going to make bitcoin being regulated then I will just hope ETF will never approved, because a lot of people using bitcoin because it is decentralized, we don't need any one to  control bitcoin and bitcoin now is doing fine without the ETF approval and I don't hear any big rumours regards to this second proposal, maybe not a lot of people care about this news

[n0ne]

Even without the Etf things were going in a better way with the continued price increase reaching new ATH. It has been denied lot of times, but before the next appeal making everything perfect for the reasons stated will really hard to be reached. So it's good to wait a little and make things better and make an appeal.

[Sled]

Even without the Etf things were going in a better way with the continued price increase reaching new ATH. It has been denied lot of times, but before the next appeal making everything perfect for the reasons stated will really hard to be reached. So it's good to wait a little and make things better and make an appeal.

That is true, we don't need the ETF because if we need that ETF approval then the price is not moving up but the problem is, it is already moving up without ETF so it is clear that bitcoin can stand out without that ETF and more people will come into bitcoin and invest their money and soon we will reach a new ATH price.