Bitcoin ETF Decision on the 16th of August ?

[meerkatoken]

"We're talking about the SEC here, and they will definitely make sure that you'll be suffering."

This is hilarious man ! 

But yeah exactly as you say, it is likely that even family members wouldnt be involved.

So we can kinda aggree that if they said the SEC will approve ETFs, then most likely the opposite will happen.

I think the pullback from the 8500 price level happened becuse serious investors started to become suspicious...

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[alinacrypto]

if we see an btc etf, we will definitely see a bull run.

[meerkatoken]

if we see an btc etf, we will definitely see a bull run.

Yes but as mentioned above this seems to be fake news at least for now. I think it is not likely to happen before Q4.

Check out the related reddit post.

[stomachgrowls]

I think the decision will be positive. There are even some "insider leaks" according to which the attitude in the commission is positive and they will most likely approve it. It's about time if you ask me. Futures did fine, there are private investment groups and there are less and less people who claim it to be a ponzi scheme or any other type of scam.

IMPORTANT UPDATE !

The U.S. Securities and Exchange Commission (SEC) has delayed making a decision on whether to approve five bitcoin-related exchange-traded funds (ETFs) until September, public documents reveal on Tuesday. In the latest edition of the Federal Register, the SEC explains that it is postponing any decision over the possible approval of ETF proposals !

https://www.coindesk.com/sec-delays-decision-on-direxions-bitcoin-etfs-until-september/

Probably want everything to be precise. If they wanted to deny it again they wouldn't need so much time.

To be honest I am highly suspicious about these insider leaks... We've seen so many fake news and this is very strange.

Lets you are this insider. Would you tell this to anyone and watch the price going up on the fomo Or you would simply keep this info for yourself and family, and tell them to buy cheap now. You wouldnt ruin the opportunity of your life by talking about this.... Unrealistic to me

Just darkangel said if they would just simply deny it then there would be no delays to be seen but now we do see that theres such postponing of such decision then most likely they would tend to reconsider it out.
once  theres an insider info then most of the time those would give some hints but even not knowing those informations we can still presume on what would happen.
@meerkatoken you should not think up on that way because profitability or making money will always vary on how we act on what we had recently known.

[Kemarit]

Some information I am mentioning here hopefully may be helpful. The date for a decision can be no sooner than August 16. Even then, the date can be extended if required and even once the eventual date does arrive the SEC can still initiate further proceedings to assist in decision making. a large contingent of avid bitcoin investors and traders out there who have been eagerly awaiting this decision. On August 16 there is a lot could happen to cryptocurrency spot markets between now and that time for the cryptocurrency market.

The decision is postponed as far as I understand we cannot expect a decision before September.

Check the link in the previous comment.

Again, SEC only postponed Direxion application and not the VanEck SolidX application. So I guess we can still say that we are on track as far as the Aug scheduled and this Bitcoin ETF is the most awaited of them all and this is the main driver for the recent spike on the price that we are witnessing. So its going to be very critical, the effect of the decision is going to be huge. Everyone's decision is hanging right now until we see what will be the final verdict, IMHO.

[jonhsongotti]

The SEC has stated that it will postpone the decision on the Bitcoin ETF proposal. This has made the market volatile in this time. But I think this is a good opportunity to explore the market. We should wait for decisions on this issue before September 30.

[CoinCodex]

There might be a possibility to see Bitcoin ETF approved faster than expected.

https://coincodex.tv/videos/495/bitcoin-etf-could-come-sooner-than-expected

[legendster]

Reality Shares is supposedly looking into creating a new wave in the ETF front.

I read about it while I was investigating on Loom network and somehow I went to articles related to Reality Shares' Blockforce Global Currency Strategy ETF on Marketwatch.

Seems like another legit attempt and another chance for the price to tank.

[BitcoinFani]

etf is not receiving any kind of approval.  for some reason etf decisions are constantly delayed.  I think they have a plan so it is always postponed to another date. and the market is not happy. but even if Eft is approved, I think it will not affect the price much.

[jakezyrus]

etf is not receiving any kind of approval.  for some reason etf decisions are constantly delayed.  I think they have a plan so it is always postponed to another date. and the market is not happy. but even if Eft is approved, I think it will not affect the price much.

This thread is from last year ago and op have not yet updated this .  he maybe not aware about the rejection of etf . 

but even if Eft is approved, I think it will not affect the price much.

Etf is not already approved but many people are speculating about it . how much more if etf is accepted ?  I think that can cause a break out .

[livingfree]

Etf is not already approved but many people are speculating about it . how much more if etf is accepted ?  I think that can cause a break out .

I don't have that kind of hope that ETF will cause a break out although I'm aware of the speculations and rumors that it's likely going to get an approval. It's been a year for this post and we still got the same result.

If it isn't delayed, it will be declined.

Let's see if this time it will change into an approved proposal. If the given date hasn't met again and they keep on giving another date for the release of the result, this is just another delaying tactic.

[Kemarit]

OK, for the sake of just being updated on the latest Bitcoin ETF's proposals:

[1] The VanEck/SolidX proposal filed with Cboe - https://www.federalregister.gov/documents/2019/02/20/2019-02732/self-regulatory-organizations-cboe-bzx-exchange-inc-notice-of-filing-of-proposed-rule-change-to-list

[2] NYSE Arca - https://www.federalregister.gov/documents/2019/02/15/2019-02389/self-regulatory-organizations-nyse-arca-inc-notice-of-filing-of-proposed-rule-change-relating-to-the

So both have been filed and register already. Which means we have to to wait 45-day to an initial decision from SEC from the said date of registration.

[Judy2836]

If it's based on the current article we as well might expect at least another 10 days of bullish run.

"“We’re one positive regulatory decision away — maybe an ETF approved by the SEC — to climb through $20,000 and even to $50,000 by the end of the year,” the ttrockstars Bitmex CEO states."