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Author Topic: [2018-07-25] SEC Postpones Deliberations on NYSE Arca Bitcoin ETFs  (Read 58 times)
DeadCoin
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July 25, 2018, 10:30:41 PM
 #1

The United States Securities and Exchange Commission (SEC) has delayed deliberations on five bitcoin exchange traded funds (ETFs) that were filed with the SEC by NYSE Arca, Inc.

https://news.bitcoin.com/sec-postpones-deliberations-nyse-arca-bitcoin-etfs/

Interest in Bitcoin ETFs Peaks

Public interest in bitcoin ETFs has grown significantly in recent weeks following Chicago Board Options Exchange (CBOE)’s filing for an ETF that will be backed by BTC.

In recent days, media have quoted an anonymous source purportedly from the United States Commodity Futures Trading Commission who reportedly estimated that it is “90%” likely that CBOE’s ETF will be approved. An additional source, purportedly from the SEC, is quoted as stating: “I would expect a positive outcome in September – or if it gets strung out a little further it is simply a few ‘dotted i’s and crossed t’s’ are being finalized on larger regulatory language in the crypto space.”

Whats your opinion SEC postpone?

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July 26, 2018, 06:49:23 AM
 #2

It was strange to me that the SEC only asked for public input at such a late stage in this process, because those inputs needs to be sorted and perused, before they deliberate on the outcome of this decision. I personally think that the fiat masters had a hand in this "delay" of this process, because they are looking for reasons not to approve it.

In any way, other countries are not going to wait for the USA to make up their mind, some countries are already going ahead with the approval of Bitcoin ETFs in their markets.  Wink

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July 26, 2018, 12:55:36 PM
 #3

Please take note though that the postponement does not include VanEck SolidX application, which is still due on the 10th of Aug. SEC only delay Direxion application.

@Kakmakr, it only says that,

Quote
The document states that the delay is required in order to provide “sufficient time to consider this proposed rule change.”
as per the article. Might be an excuse not to approve them on the other hand, they are looking for loopholes if they approved the proposed application. But what most of us are interested in is VanEck SolidX application, tick, tack, tick tack... Grin

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July 26, 2018, 04:23:28 PM
 #4

Stop giving Roger Ver's mouthpiece squatted domain hits.

Do you support his effort to supplant Bitcoin with his chicanery? Then fucking cut it out.

You should know better.

fortitudinem multis - catenum regit omnia
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July 26, 2018, 05:13:11 PM
 #5

Doesn't seem to have any real effect on Bitcoin price, still creeping sideways around 8,200 after briefly going below 8,100. Like Kemarit says though, the real deal (vanEck) still hasn't moved deadline. Two more weeks to wait, 2 more for the bullish sentiment to get priced into dollars, 2 more for everyone to start accumulating.

Been reading that miners have been selling off much more this month than in any month this year so far, more than they're generating. So if price is still here after all that pressure, it must mean there's plenty of buying action to equalise.

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July 26, 2018, 07:07:43 PM
 #6

This shows their hesitations for the Bitcoin ETF... I think early or late they will approve the ETF, or they will have to declare bitcoin illegal...

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July 26, 2018, 08:41:13 PM
 #7

This shows their hesitations for the Bitcoin ETF... I think early or late they will approve the ETF, or they will have to declare bitcoin illegal...

It's likely that they are trying to allocate as much time as possible to the Vaneck ETF because this one is the most serious. I don't think the postponed ETF's have many chances to ever be approved, so we haven't lost anything there. I wonder how much research they are doing and what that research actually is. They know what CBOE is so that's not the problem, what's left are the exchanges taking care of everything in the background. Are they capable of maintaining potentially billions worth of Bitcoin, what are their security measures, is everyone there verified and known in case fraudulent activity takes place, etc. Or maybe I'm just thinking too simple here....
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July 26, 2018, 09:29:16 PM
 #8

Doesn't seem to have any real effect on Bitcoin price, still creeping sideways around 8,200 after briefly going below 8,100. Like Kemarit says though, the real deal (vanEck) still hasn't moved deadline. Two more weeks to wait, 2 more for the bullish sentiment to get priced into dollars, 2 more for everyone to start accumulating.

Been reading that miners have been selling off much more this month than in any month this year so far, more than they're generating. So if price is still here after all that pressure, it must mean there's plenty of buying action to equalise.
I read it up too about miners sell off and other related factors which we can say that it can mainly affect bitcoins price but now we are seeing the same thing where it do plays it prices on good ranges.
The delay didn't make any effect after all which I thought that there would be an another price pullback when I do read up the SEC delay news on past days but theres nothing happen.
Accumulation period will really be good to enter at this price point.What yah think?

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July 26, 2018, 11:52:28 PM
 #9

Accumulation period will really be good to enter at this price point.What yah think?
Any price below the $10,000 mark is a fantastic long term buy, so do your best to dollar cost average your way through this market and you'll be fine. Eventually we won't see any price below $10,000 ever again.

You don't want to be that one person who's thinking back and blames himself for not having accumulated at these levels while you had enough time. Missing out on profit or increase in wealth like that sucks big time.

Not doing anything means you won't make anything, while accumulating as many coins as possible allows you to win in the long term. Based on that, what option looks the most interesting to you? Don't waste any time. Smiley

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