One of the SEC Commissioner in favor of ETF approval.

[audaciousbeing]

I think Bitcoin ETF sits on a 50/50 chance to be approved yet but there's still a glimpse of light shining as one of the Commissioner Hester Peirce in favor of it,  in a sense that she likes to open on US an nnovation approach that could contribute to greater development.

The new member of the commissioner dissent the decision of rejection of Winklevoss Bitcoin ETF with a 3 to 1 vote, stating that the rejection isnt fair and over jurisdiction since they only looked on the possible outcome that price will be manipulated.

Quoted from Her interviewed “I think we have an important role to play telling the United States and the world that our capital markets are open to innovation,” said Peirce. “And that’s what sort of drove my dissent last week and what really drove me to come back to the agency as a commissioner. ”

There's no timeline when the voting will commence and not sure if its on the middle of 2018 maybe early 2019.

Full report can be seen here for your info.

source:
https://bitcoinist.com/no-reason-bitcoin-etf-sec-commissioner/

Its really good to have a positive note of choice and I wish the team member would correct their wrong in the coming ETFs that is about to happen. While we are happy about this, there is a germane point that is raised here which is on the issue of price manipulation that other members of the committee are using as an excuse to have a dissenting voice. If ETFs applicants are not going to address this issue even as market participants are always quick to blame the whales in times of increase in price and dumping in times of drop in price, the decision of the committee might still remain the same because they would not want to soil their names by setting a bad precedent that if subjected to review, could tarnish the reputations that they have built since the beginning of their career.

This is more of a call to all stakeholders media, service providers, licencors and traders to start with the launching of campaigns to correct the impression of price manipulation because for this news to come out is showing there is a weakness to be worked upon in which if successful, everyone will be better for it eventually.

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[GoldenShark]

Bitcoin is passing a bad time. The price is going down for last few days which is really disappointing. I think this news can cause an increment to the price of BTC.

[SlaveKing]

I think it's going to be great. Many people are waiting for the announcement of SEC about the ETF. It looks like it will attract more investors in the crypto market.

[Jedabucol]

With increased public demand and continuous persuasion by the organizations that are submitting bitcoin ETF proposal, It is very much likely that SEC will be forced to accept it if someone comes up with framework that is not prone to manipulation, fraudulent activities.

[erikoy]

I think Bitcoin ETF sits on a 50/50 chance to be approved yet but there's still a glimpse of light shining as one of the Commissioner Hester Peirce in favor of it,  in a sense that she likes to open on US an nnovation approach that could contribute to greater development.

The new member of the commissioner dissent the decision of rejection of Winklevoss Bitcoin ETF with a 3 to 1 vote, stating that the rejection isnt fair and over jurisdiction since they only looked on the possible outcome that price will be manipulated.

Quoted from Her interviewed “I think we have an important role to play telling the United States and the world that our capital markets are open to innovation,” said Peirce. “And that’s what sort of drove my dissent last week and what really drove me to come back to the agency as a commissioner. ”

There's no timeline when the voting will commence and not sure if its on the middle of 2018 maybe early 2019.

Full report can be seen here for your info.

source:
https://bitcoinist.com/no-reason-bitcoin-etf-sec-commissioner/

This is one of the hopes that bull market for bitcoin will be easily speculated as the etf approval will be the basis that cryptocurrency is not really that bad instead it is so helpful. It will be ideal to incorporate the system of cryptocurrency to the development of the country.

[petrcoin]

I hope they decide in favor of etf approval.

That can bring the new bull run which will pass 100k$ per bitcoin.

[SoiledDove]

I'm still hopeful. There's a lot of public support for the Bitcoin ETF.
This news article especially gives hope: https://www.investopedia.com/news/reasons-why-bitcoin-etf-may-arrive-soon/

[pumbum]

I don't like that bitcoin has become an asset that is regulated by someone's opinion that is based on money. this is typical for the stock market, and now unfortunately for bitcoin. therefore, I think that it is not necessary to look at it, you just need to invest in bitcoin and study the technology

[shampapk1988]

Even this tiny glimmer of hope will be enough to keep the investors' panic at bay. The ETF has somehow influenced the demand of the BTC, and if there is a 50/50 chance of it being approved, that will be reason enough to keep BTC steady and not to fall further.

[Red-Apple]

Even this tiny glimmer of hope will be enough to keep the investors' panic at bay. The ETF has somehow influenced the demand of the BTC, and if there is a 50/50 chance of it being approved, that will be reason enough to keep BTC steady and not to fall further.

you got it backwards.
ETF and the fear of its rejection is the reason why price is kept down. as a matter of fact without ETF there wouldn't have been any panic in the market and price could have gone up already in the proper manner it always does.
the fall you see these days is exactly because of ETF.