Why We Will Hit New Highs - ETF Date August 10th

[JRMtrader]

We have Bitcoin testing its bottom for the third time, Coinbase adding Custody, South Korea flipping for the 10th time allowing and regulating cryptocurrencies, and the $4 billion dollar EOS raise finally finishing its Ethereum dump on the marketplace. Bitcoin’s next run will go further and happen quicker than people realize.

In the news, we have Europe’s largest trader of exchange-traded funds is moving into crypto and the CBOE applying for a Bitcoin ETF again. August 10th is the date to watch for the approval or disapproval of the ETF. Even if it gets rejected like the other times, it will provide clarity as to what is needed to approve one.

We discuss the latest news and give our insights as a mix of traders from firms such as JP Morgan. Give the latest episode a listen!

[makishart]

We have Bitcoin testing its bottom for the third time, Coinbase adding Custody, South Korea flipping for the 10th time allowing and regulating cryptocurrencies, and the $4 billion dollar EOS raise finally finishing its Ethereum dump on the marketplace. Bitcoin’s next run will go further and happen quicker than people realize.

In the news, we have Europe’s largest trader of exchange-traded funds is moving into crypto and the CBOE applying for a Bitcoin ETF again. August 10th is the date to watch for the approval or disapproval of the ETF. Even if it gets rejected like the other times, it will provide clarity as to what is needed to approve one.

We discuss the latest news and give our insights as a mix of traders from firms such as JP Morgan. Give the latest episode a listen!

If that will be accepted by SEC and i doubt about that can give a huge impact to the price of bitcoin instantly. Remember at the last time SEC didn't even give a clue about why they were rejecting it. I was feeling doubt  about that and at least that gives a little chance.

[BitcoinHodler]

you also forgot that many people believe that $6000 is the price that is bare minimum for miners to make profit so they say if it falls below that price they will lose money. that means they have incentive for buying bitcoin when it is close to $6k and never let it fall below.

i believe we have a rise coming with or without ETF. ETF can only speed it up if approved or slow it down if not. in any case the rise is coming.

[dogtana]

From what I heard, insider info is it will be approved.

[Donovan XXL]

From what I heard, insider info is it will be approved.

Tell us more.

[ShareAccepted]

I hope you are right, all those large investment funds really want to get a grasp of these new technologies and the larges exchanges are getting ready for them.

[bartolo]

From what I heard, insider info is it will be approved.

Tell us more.

I doubt that there are leaks about this before the decision is made public. There may be experts who think or are sure that it will be approved but until there is an official decision, all that is said will be mere conjecture.

[raven.tiu17]

From what I heard, insider info is it will be approved.

Tell us more.

I hope you're right with your answer. Please give us info about what's happening around the government. But overall i'm very positive.

[yorannic]

With the introduction of ETF to gold in 2005, we see not only price growth, but also growth
volumes. Also, with the introduction of ETF for gold, the volume of futures transactions increased from 20 million contracts in 2006 to 73 million in 2017. Let's hope that bitcoin will have a similar situation....

[Schirer]

We have Bitcoin testing its bottom for the third time, Coinbase adding Custody, South Korea flipping for the 10th time allowing and regulating cryptocurrencies, and the $4 billion dollar EOS raise finally finishing its Ethereum dump on the marketplace. Bitcoin’s next run will go further and happen quicker than people realize.

In the news, we have Europe’s largest trader of exchange-traded funds is moving into crypto and the CBOE applying for a Bitcoin ETF again. August 10th is the date to watch for the approval or disapproval of the ETF. Even if it gets rejected like the other times, it will provide clarity as to what is needed to approve one.

We discuss the latest news and give our insights as a mix of traders from firms such as JP Morgan. Give the latest episode a listen!

I believe that we need ETF or just approval of it since there is lack of liquidity in market, this is why we can see these breakouts in btc and fast dumps - the sell and buy walls are easy to go through and market is being manipulated.

As i understand this time the proposal has a higher chance to go through because it is made for institutional investors which SEC could like.

[samuellim853]

People keep coming out with stuff like this and we're still in a bear market lol, hopefully you're right though.

[dumplingsandsushi]

Interesting points, but also another annoying advertisement for your channel.

I'm split on the whole ETF thing, while institutional money is needed, I feel like the market is still too immature and with very little regulation, I am wary of market manipulation.

where I see the next bull run coming, is when exchanges finally catch on and start becoming compliant to list securities.
This is where I see vast amount of new money coming in.
Securities are the "bridge" that brings the traditional marketing world together with the crypto world.
It still boggles my mind why exchanges haven't made this a priority, there is literally billions of dollars to be had.

Overall, I am not so positive the next bull run will happen soon, although I am not negative enough to think that crypto is over.
I am planning and looking for a Q4 bull run.
But I do agree with you that the next one will bring everything to new heights.

[cryptolidus]

Many investors and traders are waiting for ETF decission  but it seems that there will be no decision on 10th of August and we may have to wait a little longer. When it happens it will be a milestone for our Crypto community.

[therhslv]

From what I heard, insider info is it will be approved.

If you heard it then its no Insider info anymore and posted it on forums lol . Last ETF gave really shaky movement before ETF decision . This year maybe we will see acceptance ? That would be really great and hopefully market will recover

[whofeelsitknowsit]

I keep hearing this date as well.  I have no idea if it will actually happen, but if it does I agree that it could trigger the next bull run.

[SmithKline]

I don't think there's any information on that. Only opinion experts, and pundits. We should expect an official decision.

[bman01]

No risk no gain but you should able to provide a clearance to take high risk. Which are probability to break down your business trust you should avoid this.

[Dr.2x]

I don't know any update about it , investors are waiting very eagarly for having update from the ETF but I don't think they will give news on time we have to wait more longer for updates and expert opinion are also needed here cause you need experience for understanding this place it is not that you predicte something and it will be correct

[cryptotezi]

A large number of investors are waiting for the best news from ETF. I hope it will happen and will bring best amount for the investors

[bttmember]

I hope that market will get bullish even before etf date as most of the news is positive and crypto seems to settle well now as most of the big countries are now allowing crypto-business after regulation, registration or kyc, exchanges are also getting green signals all these events indicate big volume to be back in the market soon.