Do you think the SEC will approve CBOE's Bitcoin ETF?

[YuginKadoya]

Don't gets your hopes to high because the approval is s not gonna happen I really think SEC will not approve for now they are just making an excuse for this not having any approval what so ever, But I think it is OK we don't really need them, Cryptocurrency will still increase in value with or with out them, It always be that way, Let's just wait for the Bull run even if not this year, We still have a lot of years to come.

[bedrosovic35]

Tomorrow we'll know why guessing and beating around the Bush. But I hope that bitcoin will be reborn !

[Legendari]

I think it will happen sooner or later. The SEC will not be able to refuse Bitcoin ETF for a long time because the demand for bitcoin is growing every day. I think they will do it, otherwise they will lose a lot of potential profits.

[bitbunnny]

I think they will approve it at the end. At the time they may have some doubts and probably they can't find the joint attitude that is the reason why it takes so long. Still I'm expecting good news and hope the good influence on Bitcoin.
But if opposite happens and they don't approve it this will not be the end of the world, although this might influence Bitcoin on negative way, at least temporary. Still we have plenty of time afterwards to make things right.

[carlisle1]

If the SEC approves do you think it will have a global impact on other financial regulators? Will this possibly pave the way for an explosion in bitcoin value? Please share your thoughts. Thanks!

This will fail again,because if they really wanted this to be approved theres no need to schedule extensions,they have no reason to extend the decisions since it has been same issue year ago.ETF will be denied again,and will again.

This means one thing,stop waiting for the big growth and just focus on what is market giving us today because what matter what happens life in crypto will continue

[BlockchainGod]

It seems to me that the SEC would be beneficial to approve of the bitcoin ETF. But, they didn't do it before, so why would anything change now?

[hadveach]

of course, but bitcoin must get support from other factors such as buying more than sales, no FUD, and lots of good news about crypto.

but, if the SEC is accepted and does not get support from other aspects, then the value of bitcoin will only be able to stabilize and survive the decline.

[Baekhyun]

If the SEC approves do you think it will have a global impact on other financial regulators? Will this possibly pave the way for an explosion in bitcoin value? Please share your thoughts. Thanks!

I think that is true, the SEC's decision will have a big impact on the condition of bitcoin. This is evidenced by two events filing a bitcoin ETF which was a crucial decision by the SEC, namely when the proposal was submitted in June by Cameron and Tyler Winklevoss, the founders of crypto exchange Gemini were rejected. The price of bitcoin is dipped 3 percent to $ 7,880 following the news, according to data from Coinbase.
Then prices surged back to $ 8300 after rumors said that the SEC would approve bitcoin-based trading. The conclusion is that the regulation of the SEC has a big influence on the development of bitcoin.

[perova93]

so many people hope that in September there will be approval from the commission! but we must prepare for the fact that perhaps they will transfer to the new year! and then bitcoin does not grow until the new year!

[neocryptrix]

I don't see it happening. Last night's Bitmex pump and dump shows you exactly where the power lies. Big whales are shorting the price of BTC while hopeful pawns are buying this market with hope. The stories of hope keep giving the bulls enough life to stay in the fight, but this is a losing battle where bears are feeding on eager bulls. Set your stop losses. The last ETF decision news came early.

[whitewolfofcoinstreet]

Yeah the proposal for tomorrow wont go through as they are pricing sales relative to futures contracts that are frankly too new to insure investor protections around. Those protections being the chief reason why the etf needs to exist, they don't have a purpose otherwise. An insured means of investment will likely result in an ownership increase of two or three fold imo. Lack of being the major block for many interested individuals who've yet to jump in. ESPECIALLY given the effect of futures trading had on the market at least for the short term. (historically the effect of futures trading is negligible as time goes on)

[Findingnemo]

I read some articles regarding this but most of them were saying that they were just playing with it but at last they won't approve it and dump the market by hype their result all over.But ETF is not much important to bitcoin so don't care about their accpetance or rejection.

[allthebitandbobs]

no way bitcoin is to  blatantly manipulated at the present time .The only way i see it going through if all the top exchanges agree  very strict oversite

[Baofeng]

If the SEC approves do you think it will have a global impact on other financial regulators? Will this possibly pave the way for an explosion in bitcoin value? Please share your thoughts. Thanks!

No.

Simply because the market is really prone to manipulation as evident of what's happening earlier.

Here is a good topic to look at: https://bitcointalk.org/index.php?topic=4936229.0

There's clearly manipulations of the price and I don't think SEC will like that. See the price goes down again after that big spike. So I wouldn't put any expectations of a Bitcoin ETF approval in the horizon.

[adzino]

By all the signs out there, looks like they will still give excuses and deny the ETF approval for now. No matter how much regulations and policies are put up, they will still give excuses to deny the proposal, at least for now. The market is still not yet ready. The price manipulation is causing people to stay away form bitcoin. We need more stronger support and adoption which will in turn help us get ETF approval.

[amobi]

to me, i think they will approve it, from the way things are going now, and how the adoption of bitcoin is increasing by day, even with much demands, SEC will see reasons but for the approval to affect the value of bitcoin if at all it happens, will take time.

[flowers5]

Nope I do not think it will be approved as nothing has changed from the time they have denied the last application.  If the market sells off its a great time to load up on cheap coins for the next run. 

[whythatdo]

be honest, i don't think it will get approved now, it's hard because they need time to have a rules for that, and if the SEC approve ETF. it will get big change of bitcoin's value now.

[GreatArkansas]

For me it will also reject, because as I believe in Bitcoin. Bitcoin don't need anymore ETF. Because in ETF, they will create fake bitcoin, bitcoin paper something like that. Being decentralization of Bitcoin will be lost, we really don't need ETF at all.

[leoric251]

Still no, btc is way too easy to be manipulated. and the SEC really hates things like that maybe they want to be the one that manipulates it lol