When is CBOE ETF?

[ridertiger]

When is the CBOE ETF decision by SEC? I think it was supposed to be in August.
I think good news regarding CBOE will come out, and it will continue the bull market.

[Wild_Potato]

ETF's are not the answer to all of the bear problems that persist in the bitcoin market. They will certainly help, and they add some hype to it, but I wouldn't bet the house on it.

There are many ETF's scheduled but nobody knows which one will be approved. Probably not this one, but maybe the next one. There's absolutely no certainty about these things so don't spend too much energy on researching them. Better off learning about trading or technical analysis.

[NeuroticFish]

When is the CBOE ETF decision by SEC? I think it was supposed to be in August.
I think good news regarding CBOE will come out, and it will continue the bull market.

Many say it's August 10, but from what I've read here it may not happen before August 16 (and even this date can be extended).

[cellard]

ETF's are not the answer to all of the bear problems that persist in the bitcoin market. They will certainly help, and they add some hype to it, but I wouldn't bet the house on it.

There are many ETF's scheduled but nobody knows which one will be approved. Probably not this one, but maybe the next one. There's absolutely no certainty about these things so don't spend too much energy on researching them. Better off learning about trading or technical analysis.

The best thing that can happen to Bitcoin is that we lose all the noobs that think things like Futures and ETFs matter, no matter if they are from Winklevii or CBOE or anyone else. As long as we have these people on board we'll have these very sharp speculative moments of people looking at whatever news to make a move. In the long term all of these will not make it because they will be holding 0 BTC by the time Bitcoin resets the clock. Meanwhile let them have fun with the pump and dumps, just focus on increasing your BTC holdings and not your USD, or long term you will pay for not doing so.

As far as this ETF goes, it will not pass, there's like a 10% chance, so we will have another dump. Once the "bitcoin is dead" comments begin, smart money will start coming through and we'll continue the rise to ATH.

[ridertiger]

I think these are good news and good news are always help adoption. With people talking about Starbucks getting BTC thanks to the ICE company getting the warehouse and such, higher prices and good adoption may be sooner than you think.

When is the CBOE ETF decision by SEC? I think it was supposed to be in August.
I think good news regarding CBOE will come out, and it will continue the bull market.

Many say it's August 10, but from what I've read here it may not happen before August 16 (and even this date can be extended).

[Wild_Potato]

ETF's are not the answer to all of the bear problems that persist in the bitcoin market. They will certainly help, and they add some hype to it, but I wouldn't bet the house on it.

There are many ETF's scheduled but nobody knows which one will be approved. Probably not this one, but maybe the next one. There's absolutely no certainty about these things so don't spend too much energy on researching them. Better off learning about trading or technical analysis.

The best thing that can happen to Bitcoin is that we lose all the noobs that think things like Futures and ETFs matter, no matter if they are from Winklevii or CBOE or anyone else. As long as we have these people on board we'll have these very sharp speculative moments of people looking at whatever news to make a move. In the long term all of these will not make it because they will be holding 0 BTC by the time Bitcoin resets the clock. Meanwhile let them have fun with the pump and dumps, just focus on increasing your BTC holdings and not your USD, or long term you will pay for not doing so.

As far as this ETF goes, it will not pass, there's like a 10% chance, so we will have another dump. Once the "bitcoin is dead" comments begin, smart money will start coming through and we'll continue the rise to ATH.

Exactly! That's why we should stop worrying about these small time events and look at the bigger picture. An ETF is just another attempt at price manipulation as far as I'm concerned. The only thing that matters is that you can get another opportunity to buy into Bitcoin on the cheap if it doesn't get passed and there's another dump.

It looks like these events will keep coming to drive the price down until people get so sick and tired of the bluffs that it doesn't cause any reaction anymore (kind of like market reactions to Trump's tweets). These events are just more attempts by central bankers to discredit Bitcoin.

[gentlemand]

The decision can be postponed until Feb/March 2019 and more than likely it will be.

And it's not the CBOE ETF. It's the SolidX/Vaneck ETF. CBOE are hosting it and applying for a rule change just like BATS did for the Winklevoss ETF.

[cellard]

According to the document:

“[The ETF], under normal market conditions, will use available offering proceeds to purchase bitcoin primarily in the OTC markets, without being leveraged or exceeding relevant position limits.”

So it's not like they are going to start buying chunks of 25 BTC in exchanges driving the price up (25 BTC is the minimum amount you can get per share with this ETF so it's aimed at well off investors). The speculation will be what drives on-exchange price due the fact the ETF passed.

Other than that, it's just irrelevant for Bitcoin. You aren't holding Bitcoin unless you are holding the keys yourself in cold storage. But whatever helps pump the price I guess.

[LFC_Bitcoin]

Likelihood of this being the one to gain approval?

[gentlemand]

Likelihood of this being the one to gain approval?

I personally think it's nil. Nothing's changed fundamentally from previous rejections.

It looks like an all round better proposal than the Winklevii, insurance is present for one, but it comes down to the same old insoluble thing of the markets themselves being too bent and staying forever bent.

It'll be a fine surprise if they do go for it.

[LFC_Bitcoin]

Likelihood of this being the one to gain approval?

I personally think it's nil. Nothing's changed fundamentally from previous rejections.

It looks like an all round better proposal than the Winklevii, insurance is present for one, but it comes down to the same old insoluble thing of the markets themselves being too bent and staying forever bent.

It'll be a fine surprise if they do go for it.

I agree.
Naturally, I’m a pessimist but trying to be neutral on my view with this & like yourself I don’t see what’s changed in such a short amount of time. The market is still volatile & can be manipulated by large players (you could say that about most fiat stocks though re: government’s meddling for their own good).

[qazgroup]

The sec has probably delayed the etf approval decision till 21 september i think this is positive development, this shows that they do not want fo reject it now they just want more insights and time to judge everything well, so there is high chance for approval this time.

[gentlemand]

Naturally, I’m a pessimist but trying to be neutral on my view with this & like yourself I don’t see what’s changed in such a short amount of time. The market is still volatile & can be manipulated by large players (you could say that about most fiat stocks though re: government’s meddling for their own good).

Everything can be manipulated like buggery. The difference is that manipulators in traditional markets are probably lunching with the SEC every week. It's a bit different when some filthy upstart comes a knocking out of nowhere.

[exstasie]

Likelihood of this being the one to gain approval?

Sadly, this ETF hype feels quite like the hype around merchant adoption during the 2014 bear market. Back then, it was "Dell adopted BTC!" or "Paypal is thinking about adopting BTC!"

A CBOE ETF won't save you from a bear market anymore than CBOE futures did.

I really think approval is doubtful in any case. This one, that one, or the other one.

[idex100]

When is the CBOE ETF decision by SEC? I think it was supposed to be in August.
I think good news regarding CBOE will come out, and it will continue the bull market.

Everyone was really getting hyped about the possible Etf approval, so when it didnt work out just yet, the market took a dive.We will have to wait till september to see if it will pass by then

[idex100]

Likelihood of this being the one to gain approval?

Sadly, this ETF hype feels quite like the hype around merchant adoption during the 2014 bear market. Back then, it was "Dell adopted BTC!" or "Paypal is thinking about adopting BTC!"

A CBOE ETF won't save you from a bear market anymore than CBOE futures did.

I really think approval is doubtful in any case. This one, that one, or the other one.

I just wished the market will grow and mature soon without bitcoin ETF stuff, pure adoption will be better of than having the wall streets making a mess of the supply availability of bitcoin

[gentlemand]

Likelihood of this being the one to gain approval?

Sadly, this ETF hype feels quite like the hype around merchant adoption during the 2014 bear market. Back then, it was "Dell adopted BTC!" or "Paypal is thinking about adopting BTC!"

A CBOE ETF won't save you from a bear market anymore than CBOE futures did.

I really think approval is doubtful in any case. This one, that one, or the other one.

I just wished the market will grow and mature soon without bitcoin ETF stuff, pure adoption will be better of than having the wall streets making a mess of the supply availability of bitcoin

Wall St turning up and ejaculating everywhere is a form of adoption in itself and absolutely inevitable for any monetary instrument once it grows beyond a certain size.

For them to never express interest would necessitate eternal worthlessness

[andohyeb]

I hardly think CBOE ETF will happen in this August. A friend told me it was denied by the SEC recently and that is the main reason why bitcoins declined below 8000 USD price recently.

[Lucius]

When is the CBOE ETF decision by SEC? I think it was supposed to be in August.
I think good news regarding CBOE will come out, and it will continue the bull market.

You are Full Member in this forum but you still have not learned how to use forum "search option" or maybe how to use search engine with desired keywords? There is dozen of threads with info on this forum, and even more outside the forum...

The best thing that can happen to Bitcoin is that we lose all the noobs that think things like Futures and ETFs matter, no matter if they are from Winklevii or CBOE or anyone else. As long as we have these people on board we'll have these very sharp speculative moments of people looking at whatever news to make a move. In the long term all of these will not make it because they will be holding 0 BTC by the time Bitcoin resets the clock. Meanwhile let them have fun with the pump and dumps, just focus on increasing your BTC holdings and not your USD, or long term you will pay for not doing so.
As far as this ETF goes, it will not pass, there's like a 10% chance, so we will have another dump. Once the "bitcoin is dead" comments begin, smart money will start coming through and we'll continue the rise to ATH.

I see you changed your mind regarding ETF from last few weeks, you even post thread in which you making comparisons between ETF gold&possible ETF BTC, and you made some positive posts in other threads regarding BTC ETF. Now you change your mind because price is drop some 1000$, it is not because of ETF but just because big players decide it is good time to take some profits.

I do not agree that CBOE/VanEck SolidX Bitcoin Trust have only 10% of chance for success, even before some analyzes say that it was around 25% for postive decision - now some things are much better prepared and SEC is consider BTC as currency and not security.

However maybe you will change your opinion next week or at some time ETF get approved and price is go up. In the meantime you can express your thoughts direct to SEC ( although I'm not sure that anyone is really reading this comments ).

Comments on Cboe BZX Rulemaking

[domasal]

I have more faith in this application rather than the winklevoss gemini related ETF. I recall it being put back to September but not sure if it was this one or another ETF application. The more the better really, to give them pressure to accept at least one application