[2017-12-17] Bitcoin ETF Providers Rush to Get SEC’s Approval

[Jgilpulg]

The launch of the CBOE Bitcoin futures contracts on December 10, 2017, and today’s the rolling out of Bitcoin futures by the CME Group Inc. appear to confirm that the SEC requirements for a regulated framework have been satisfied.

https://bitcoinist.com/bitcoin-etf-providers-rush-to-get-secs-approval/

[bbc.reporter]

I reckon this will be another reason for making the market pump it gain? I am not too entirely happy about it because most of my cryptoholdings are composed of Aeon and a small amount of bitcoin hehe.

I wish bitcoin stabilizes on where it is now, giving room for some altcoins to obtain more value.

[aso118]

The launch of the CBOE Bitcoin futures contracts on December 10, 2017, and today’s the rolling out of Bitcoin futures by the CME Group Inc. appear to confirm that the SEC requirements for a regulated framework have been satisfied.

https://bitcoinist.com/bitcoin-etf-providers-rush-to-get-secs-approval/

This will lead to a huge pump in Bitcoin's price. Investors who were hesitant to create accounts at unregulated exchanges will now have an opportunity to invest. Institutional investors also have an opportunity to invest. Most of them are restricted in where they invest - a regulated, ETF will provide them a chance to take Bitcoin exposure.

[CryptoBry]

The launch of the CBOE Bitcoin futures contracts on December 10, 2017, and today’s the rolling out of Bitcoin futures by the CME Group Inc. appear to confirm that the SEC requirements for a regulated framework have been satisfied.
https://bitcoinist.com/bitcoin-etf-providers-rush-to-get-secs-approval/

Hopefully, there is now a good basis for SEC to approve the many ETF applications it received. I remember that early this year the news that there would be ETF pushed the Bitcoin higher and when it was learned to be denied the value retraced for a while. This can mean that the market will be reacting wildly in case one application can finally be given the nod from SEC. I actually prefer ETF over that Futures (futures is more of a gambling for me). With the Bitcoin Futures and the ETFs to be operating side-by-side in the market, I think there would be no doubt that the legitimization of Bitcoin has already come. As to what can be long-term effects to Bitcoin with these two big trends, time can only tell. I am just pessimistic that it would be so positive.

[cr1776]

The launch of the CBOE Bitcoin futures contracts on December 10, 2017, and today’s the rolling out of Bitcoin futures by the CME Group Inc. appear to confirm that the SEC requirements for a regulated framework have been satisfied.

https://bitcoinist.com/bitcoin-etf-providers-rush-to-get-secs-approval/

And it notes that as of Dec 15, 2017, there were 15 applications for bitcoin ETFs.  If any or all are approved, it will be another game-changing moment.