Will SEC never approve Bitcoin ETF?

[r32godzilla]

Just read an article in reddit.com.It says that the SEC has not approved ETF as it thinks that unidentifiable people could influence the market.If such manipulation occurs,SEC wishes them to be identified.

So will there never be an SEC approved bitcoin ETF?

https://www.reddit.com/r/Bitcoin/comments/99n8g3/in_case_you_didnt_read_it_the_sec_disapproved_the/

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[cryptohunter]

unless the etf is forced to settle in btc and hold the amount they say in a transparent address then an etf is probably not that great for btc

[Masatos]

I think that the commission will approve one of all applications and this will be quite enough for the market

[bangkecol]

It seems difficult to agree, because every transaction that is done sec, will enter their data, because with this when something happens, it is easy to track.

a lot of considerations are done sec, one of them is that bitcoin is very likely to be used as a negative payment instrument, perhaps trading illegal goods. Because it is not visible who is using the transaction.

[Blockstate]

All the SEC rejections are based on this “(5) The rules of the exchange are designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in regulating, clearing, settling, processing information with respect to, and facilitating transactions in securities, to remove impediments to and perfect the mechanism of a free and open market and a national market system, and, in general, to protect investors and the public interest; and are not designed to permit unfair discrimination between customers, issuers, brokers, or dealers, or to regulate by virtue of any authority conferred by this chapter matters not related to the purposes of this chapter or the administration of the exchange.”

[dat.ho12492]

Just read an article in reddit.com.It says that the SEC has not approved ETF as it thinks that unidentifiable people could influence the market.If such manipulation occurs,SEC wishes them to be identified.

So will there never be an SEC approved bitcoin ETF?

https://www.reddit.com/r/Bitcoin/comments/99n8g3/in_case_you_didnt_read_it_the_sec_disapproved_the/

Don't worry about it buddy. They may be rejected the first application but another application which is gonna reach them by coming September will be accepted the market soon.
All you need to do keep clam and wait for the update. However price boom will be happening soon.

Actually, I think a wise person and have been involved in bitcoin for a long time, they will have nothing to worry about this news because big guys always love to play this game to make money from the market. Rejected then revisited then rejected, everything was programmed to the destination, and the goal of this program is to increase the value of bitcoin to a very high, nothing to worry about when we know the destination, more important is patience and wait

[sunsilk]

Early Bitcoin ETF proposals were also rejected but there's a news again that it's not that late for the previous ETF rejects.

https://www.coindesk.com/sec-says-it-will-review-bitcoin-etf-rejections/
https://cointelegraph.com/news/us-sec-to-review-rejection-of-nine-bitcoin-etf-applications

Hopefully I expect the same there is no any negative effects in the price after sec rejected as well.

This is the good news, I also didn't see any negative reaction of the market which is perfect.

[ballerin and giroud]

SEC approved will have a good effect on the bull run market for crypto currency, but yeah untill now SEC still rejects proposals for ETFs. There are still many opportunities to be well received by the SEC and of course it takes time to make it happen. We just wait, hopefully there are good things that will make the SEC accept proposals for ETF.

[Juggy777]

Just read an article in reddit.com.It says that the SEC has not approved ETF as it thinks that unidentifiable people could influence the market.If such manipulation occurs,SEC wishes them to be identified.

So will there never be an SEC approved bitcoin ETF?

https://www.reddit.com/r/Bitcoin/comments/99n8g3/in_case_you_didnt_read_it_the_sec_disapproved_the/

I don't think you should believe everything you read on Reddit, they're no experts that can give the final verdict regarding ETFs. If you were keeping a close track of bitcoins ETFs, then you would have noticed none of them qualified as per the existing rules, also they were not filed properly and a majority of them were not even known brands.

There'll definitely be an Sec approved etf, and therefore i'm keeping my fingers crossed for the Cboe etf, as I'm positive that it shall be cleared. Once it's cleared it'll lead the rally of bitcoins as that's the only legit etf out there.

[BrewMaster]

The commission did not approve the first applications but the September 30 application seems to me that it will be approved and we will fly to the moon

that is the whole point that the link in OP is pointing out which probably you didn't read. it basically says SEC rejected ETF because they say bitcoin price can be manipulated. and since this is not going to change with different ETFs, the upcoming one(s) will also be rejected.

and i think it has a good point. nothing has changed about bitcoin. they have been rejecting ETFs for more than a year now, so why should they change now?

and don't you worry we will go to the moon, probably faster without ETF!

[dothebeats]

Perhaps they wouldn't, because all of the postponements for sure, regardless of all the considerations, would be inevitably rejected due to bitcoin's 'susceptibility to price manipulation' which I think makes sense on the side of SEC's standards. No matter how good ETF proposals are, price manipulation for bitcoin is always present, no matter how hard the regulations are trying to minimize or eliminate it. Perhaps these people could just divert their energy and attention towards other aspects and areas, just not ETFs which we know will never, ever be approved no matter how hard they try.

[Kprawn]

The SEC is using global manipulation of the Bitcoin price as an excuse, not to approve these ETF applications. They

want to be able to determine who these people or groups are that are manipulating the price and that is simply impossible,

because Bitcoin users are pseudo anonymous and not all trading is done on platforms where people are identified. So, we will

have to accept that a Bitcoin ETF will never be approved on that condition.    {They could just use the local exchange

price as a data source, but that is still influenced by the global price} 

[criptouser]

Just read an article in reddit.com.It says that the SEC has not approved ETF as it thinks that unidentifiable people could influence the market.If such manipulation occurs,SEC wishes them to be identified.

So will there never be an SEC approved bitcoin ETF?

https://www.reddit.com/r/Bitcoin/comments/99n8g3/in_case_you_didnt_read_it_the_sec_disapproved_the/

In fact, the SEC is right on the one hand. many people have a great opportunity to manipulate the price of bitcoin. However, on the other hand, the SEC intends to use these manipulations themselves, but they will not be physically allowed to do it.

[Variogam]

ETFs are just good for speculators, and Bitcoin has enought speculators already. I would preffer if the lighting network software gets much better routing first, then widespread lighting network adoption - this would make Bitcoin super usefull instead. After this I would not mind ETF with physically backed Bitcoins.

[Hkim21]

I think this condition will change if bitcoin is able to develop further, the thing that has been feared all this time is the value of bitcoin that is fluctuating and unclear consumer protection against hackers that so far has happened, if bitcoin is able to handle it then most likely the SEC will accept BitcoinETF

[pawanjain]

There are chances that the SEC might not approve the ETF proposal due to legal and trust issues the governments are facing with BTC.
Anyway, it shouldn't matter because one or the other way the institutional investors will be involved with  BTC in the future. So if BTC price doesn't increase now then it will surely increase in future. So my advice for the people will be to stay optimistic and not panic even if the EF proposal is rejected.

[darkangel11]

First of all we are yet to see the first real BTC ETF get rejected (or approved)> All the ones that got rejected until now were trying to base their profits on futures or the price indexes of certain exchanges. Since the exchanges aren't fully regulated and are prone to manipulation ETFs that don't hold real BTC could go bankrupt at any time.
If VanEck gets rejected things will look bad for the etfs, but I have faith in Hester Peirce

[namcunguyen]

SEC argues that because the Bitcoin market from the beginning does not have the capacity to resist manipulation. So based on a single transaction sand to determine ETF value Bitcoin is capable of leading billions of dollars in new capital into the market, posing high risks.

[Slow death]

So will there never be an SEC approved bitcoin ETF?

Of course, someday there will be some ETF bitcoin, or you think that the governments will allow 5 years from now, that there is have exchange that is not regulated to operate normally. I even think that all governments should already ask the exchange licenses, we can not close our eyes and let exchange as yobit exist and to continue and render bad services, this is becoming a scary. How many people have lost money because the exchange has withheld these people's money? What was the punishment Yobit has suffered to this day because hold money from many people? we do not even know who the yobit owner is, where is yobit located? we do not know anything And we still want the Bitcoin ETF to be approved? we need more time for everything to be properly regulated

[Starving_Marvin]

Just read an article in reddit.com.It says that the SEC has not approved ETF as it thinks that unidentifiable people could influence the market.If such manipulation occurs,SEC wishes them to be identified.

So will there never be an SEC approved bitcoin ETF?

https://www.reddit.com/r/Bitcoin/comments/99n8g3/in_case_you_didnt_read_it_the_sec_disapproved_the/

I have heard that they are having 240 days which is legally possible in order to postpone the decision and guys are thinking then they will use every of those days to wait.

[annaso]

Bitcoin ETFs are the talk of the market as SEC gathers overwhelming response from the public. However, there’s still plenty of regulatory inertia to overcome. Cryptoslate, citing the sentiment on industry insiders, reports: “If the ETFs turn out to be massively successful in the US market, the SEC does not benefit from it. However, if the ETFs begin to cause problems that cannot be controlled by the agency, the SEC could be responsible for them.” So they are taking steps cautiously and will take time approve bitcoin ETF.

[Vimukkthi Vithanage]

My hope is on the application which will be ono September end. Hopefully  it will be accepted and the market will again start to fly as usual.  Hopefully. There is a good probalility

[squatter]

So will there never be an SEC approved bitcoin ETF?

I think they want to see regulated exchanges / brokers -- and especially regulated U.S. exchanges / brokers -- possess more of the market's trading volumes. They've stated that the underlying market is under-regulated and prone to manipulation.

I don't see that position changing until the underlying market structure changes and/or regulated U.S. venues pick up volume.

My hope is on the application which will be ono September end. Hopefully  it will be accepted and the market will again start to fly as usual.  Hopefully.

"As usual?" There are bear markets too, you know!

[micher143]

Just read an article in reddit.com.It says that the SEC has not approved ETF as it thinks that unidentifiable people could influence the market.If such manipulation occurs,SEC wishes them to be identified.

So will there never be an SEC approved bitcoin ETF?

https://www.reddit.com/r/Bitcoin/comments/99n8g3/in_case_you_didnt_read_it_the_sec_disapproved_the/

Again for the last time SEC doesn't approved ETF but not doesn't mena that it won't ever approved it maybe there are some things that SEC won't able to see in EFT but soon if there are new ETF proposal again maybe that time the SEC won't disapproved anymore in that case it will also can help to bitcoin system.

[davhek]

They are yet to decide, but I am sure it win’t be approved just yet. It doesn’t benefit big players and institutional investors as they are just getting in. ETFs are gonna happen for sure it is just matter of time...

[tonywangg]

They will for sure approve the ETF.  They will do it on their own timeline.  Whatever that may be. it's in the banker/government interests to have the ETF so they will have it.  It's not good for you by any means.  So then you really know it will happen. 

[iamwagner]

The commission will eventually approve.  I believe they are doing there best to get up to speed and create a level playing field so everyone can be protected and safe during trading. 

Yeah what I wrote above ain't happening.  They are going to approve the ETF so they can print 14 billion Bitcoins and flood and control Bitcoin just like they do with Silver.  And the people on this board are begging for it.  LOL.  We had a nice run boys. 

[hadveach]

yes, it is very difficult to identify any market manipulation, and market manipulation has a huge influence on the stability of crypto trading.

besides, the SEC considers that the Bitcoin ETF is HYIP. and that will create lose for everyone.

MTGOX is an exchange that is destroyed by market manipulation.

[royalcrypt]

The strongest ETF application is from CBOE and should be reviewed at the end of September and the overall feeling is that it will get accepted, if not in September then at the beginning of next year.

[crazybtclover]

First of all never believe everything that is posted on Reddit. They just spice things up to create more drama and to make their headlines more popular. Plus our main focus should not revolve around the ETF getting approved or not.

[Gary Levanevskii]

I think that much will depend on the popularization of Bitcoin. If many people in the whole world start buying Bitcoin, then the SEC can allow ETF.

[Kelvinikke]

This topic has really become the talk of the crypto market because of how many claims any rise in market would definitely come from such a good news like that of the approval of the Bitcoin ETF. Anyway SEC actually says this approval could go on for long but quite recently japan has announced a possible acceptting of Bitcoin ETF. Let's wait and see whether this is able to influence the US SEC to also approve it.

[aoluain]

ETFs are just good for speculators, and Bitcoin has enought speculators already. I would preffer if the lighting network software gets much better routing first, then widespread lighting network adoption - this would make Bitcoin super usefull instead. After this I would not mind ETF with physically backed Bitcoins.

Yes thats a good point.
I think there are a lot of people who dont give a damn about ETF's instead
What they are interested in is the expectation that the ETF's will affect the
value of Bitcoin in a positive way.

[qwerty1337]

I think that in the near future, when only the top coins remain, and the cryptocurrency will be used as a means of investment, and possibly investment, then ETF will be approved.

[eneifed]

Wait does the SEC shut down is the government shuts down???

[bellamente]

Bitcoin ETF will not be approved in February, but it will positively affect the cryptocurrency market.

I think bitcoin should exist in its law and live by its rules

[ynatopak14]

As long as BITCOIN will not have development SEC ETF will be hard to be approve.
We need more development on the system for the other country accepts the BTC.
But not far iun the future it will be implemented and signed.

[jojohamasa]

Perhaps they wouldn't, because all of the postponements for sure, regardless of all the considerations, would be inevitably rejected due to bitcoin's 'susceptibility to price manipulation' which I think makes sense on the side of SEC's standards. No matter how good ETF proposals are, price manipulation for bitcoin is always present, no matter how hard the regulations are trying to minimize or eliminate it. Perhaps these people could just divert their energy and attention towards other aspects and areas, just not ETFs which we know will never, ever be approved no matter how hard they try.

I agree with you completely
Add to that the market will not be affected much by the refusal decision of the ETF
  Previous decisions have given many signals in this direction
The market is expecting this rejection
But in the long run, ETF will enter the encryption market.

[qtronix]

I do not think that this will radically affect the price of cryptocurrencies. Just a positive decision would help us to get new investors in the market, which would contribute to the growth of prices. But if the decision is still not approved, then crypto will continue to develop itself little by little.

[Natalim]

We will see what their first decision this year, and hopefully it's the best for us.

If ever we got an approval this year, it's gonna create some hype because this will drive investors to put their money with confidence.
In the past, we didn't seek for any government approval because we are decentralize and we think we can live with it, but we got bigger, we are put under their radar, so now they are trying to make things for us to be in compliant with them.

[marcbitcoins]

It is very difficult to tell if the SEC will approve the ETF products as at this moment there is no clear sign of what will be their decision but hopefully it will be approved as the SEC knows that ETF would attract billions of investments in the future in which a big help to the economy.

[Maestro75]

I believe it will be in the good interest of SEC to approve the Bitcoin ETF. It will help regulate the market like gold is now. But if it is not approved, it will not stop Bitcoin gaining higher price and use. Did Bitcoin not get to $20,000 without the ETF?

[Kakmakr]

The SEC is just a regulatory tool that are used to push a political agenda. The SEC will do the groundwork and research for them, but they will not make the final decision. They are looking at things like how much control and surveillance can be used on technologies like this and if regulation cannot address issues like this, then they will deny applications like this.

The US Stock markets are fully regulated and controlled and surveillance software are monitoring every trade that are done. Can this be done with Bitcoin and can external markets influence these investment tools? If the answer is YES, then they will not approve the Bitcoin ETF's. 

[reynald70]

I think there is a possibility that ETFs will be accepted by the SEC, because Bitcoin requires legitimate trading rules, so that it can increase the trust of many Investors, but still that Bitcoin will never be able to be managed by them.

[bp124]

I think Right now  SEC have no reason to approve bitcoin  because bitcoin is really disadvantage to their  tax revenue when its come to financial  sector . For SEC to  approved bitcoin will take many years to reach agreement because one day they will realise that they can never stop it  so they must  put regulate it and approve it .. Don't worry Years to come SEC will approve bitcoin  ..

[livingfree]

The Winklevoss twins are also playing a role in this, and they are still working towards the approval of it.

https://coincodex.com/article/2843/winklevoss-twins-are-still-working-towards-bitcoin-etf/

They do play an important role to this but it's still the SEC's decision if they will approve the remaining Bitcoin ETF proposals. Anyway, how many ETF proposals are there left? Does anyone know what's the update regarding those rejected ETF's that the SEC said to review those first? I'm looking for some valid and legitimate source about that. As long as they are reviewing it and the deadline hasn't been met, there's still a chance but it's best not to have full hope with that.

[TheUltraElite]

I think that in the near future, when only the top coins remain, and the cryptocurrency will be used as a means of investment, and possibly investment, then ETF will be approved.

What happens in near future we can only speculate. We know that bitcoin will remain the biggest and most market capped coin out there but will a ETF be accepted? I think we are over exagarating it too much now. Since last year this ETF buzz has started and every-time the ETF gets delayed there is a market crash happening. I think this is just more FUD being pumped into the market even if this sounds paranoid.

Stop thinking about ETF for a minute. If it happens and get accepted well and good. But the higher chance is of them not getting accepted.

[Dr.Osh]

yes, it is very difficult to identify any market manipulation, and market manipulation has a huge influence on the stability of crypto trading.

besides, the SEC considers that the Bitcoin ETF is HYIP. and that will create lose for everyone.

MTGOX is an exchange that is destroyed by market manipulation.

well, i also have a bad feeling about this. I think when the SEC rejects bitcoin, the price decline will happen again. well, but we can't avoid that, because the thing we need to do now is wait.

[Ridwan Fauzi]

Why do we always hope for the SEC? I guess without SEC bitcoin it can increase, and when we expect too much of a party it's not a good way to invest. How many times has the SEC refused and postponed its decision to accept bitcoin, I think it was almost 2 times. And I just estimate the SEC has made some parties who will regulate bitcoin decide to delay as well, they will wait for the SEC's decision and they will follow the steps taken by the SEC.

[Hallmader]

It does not matter anymore. Let the SEC remain the bitter antagonist in the growth of Bitcoin. At the end of the day, the SEC is always going against Bitcoin because it is a government agency. And even if it is not open to the public, the SEC is a slave of the rich elite who are also the bankers and the ones who are dictating the decisions of the government. Sooner or later, they will be left with no other choice but to follow the voice of the majority of the people. And that is the use of Bitcoin in their day to day life. Approved or not, Bitcoin has already been approved by the people.

[conected]

As long as BITCOIN will not have development SEC ETF will be hard to be approve.
We need more development on the system for the other country accepts the BTC.
But not far iun the future it will be implemented and signed.

- I never even believe that the SEC will accept bitcoin ETF because they rejected this issue too many times, they really are not too concerned about the development of bitcoin, and I feel all the stories about bitcoin ETF, that seems to be just a trap to deceive investors. And the whale is the director for this scenario, a proof that I feel very clear that news related to ETF, it often appears in crisis periods, stages that only need a strong factor are enough to change the market, and after all, we can understand that this approval is only fiction, it will never come true

[gabmen]

Just read an article in reddit.com.It says that the SEC has not approved ETF as it thinks that unidentifiable people could influence the market.If such manipulation occurs,SEC wishes them to be identified.

So will there never be an SEC approved bitcoin ETF?

https://www.reddit.com/r/Bitcoin/comments/99n8g3/in_case_you_didnt_read_it_the_sec_disapproved_the/

I strongly believe so.
They have a good reason for the delay.
But talking about approving it, they surely will

Well  i don't even think we should be concerned over whether it'll be approved or not lol. For me it's going to have very minimal shirt term effect regardless if it's approved or denied. Bitcoin doesn't need etf.

[sandra_x]

The bitcoin ETF proponent will really need to answer a couple of tough questions as these past few months has shown how easy it is to manipulate the market, SEC will likely not give approval until these issues are adequately addressed, they will not be in a rush about it, they must be sure investors are protected.The issue with exchanges are also of concerns, a lot of exchanges are faking the volume of trades (I know they will not be using traditional exchanges)

[kucritt]

for right now i think it will never happen, SEC will not approve bitcoin ETF but we dont know about future, maybe something will change the condition, maybe in the future bitcoin will approved. we should believe on this.

[satosibtc1000]

Guys I think no need to iron the SEC will approve the ETF or not. After all, next month will be the final decision. I think we should just wait.

[Wasimalik]

It could be my point of view only but as far as i have followed all those news and updates, I believe someday SEC will approve. Let's hope for good news.

[TheUltraElite]

I think all it will take is time before they finally approve it.

That time will be pretty long. The US government has not yet found a method to combat crypto and its adoption so they are trying their best to keep it within manageable limits. After all there are certain problems wit the humans about morals and ethics which come in question when anonymous currencies that are difficult to track become the center of attraction.

People will be there who will try to manipulate the markets and without regulation there will be problems of the whales pumping and dumping. ETF will be a long way as long as that is prevalent.

[Dondisimo]

Everyone is looking forward to when the SEC will make a positive decision about bitcoin. This is really very important for the whole cryptocurrency world. I think that one day we will be able to see a positive outcome of this event, despite all the doubts now.

[Krakenproto]

I hope that they never approve it. We have good technology and we don't need that greedy wealthy people's toys.
We maybe don't get the ''pump'' in the price, but Bitcoin doesn't need that garbage.

[Fluxtorrence9]

This is January 2019 and ETF is a few weeks away I'm hoping it will finally get approved and no more postponing ,both bakkt and ETF will play a huge part in cryptocurrency world if they get approved

[kaisa]

This is January 2019 and ETF is a few weeks away I'm hoping it will finally get approved and no more postponing ,both bakkt and ETF will play a huge part in cryptocurrency world if they get approved

I'm not sure they will affect the price of bitcoin because their platform is stock trading just like the current exchange. I prefer if there is a service company or e-commerce that accepts bitcoin transactions for payment. The issue of the SEC will receive ETFs depends on the agreement they offer on the proposal. If the proposal they offer is safe to use to trade cryptocurrency, then the possibility of receiving it is very large.

[ipsec]

I believe that SEC will approve  BTC. But BTC needs better conditions for this.
I think SEC have a very tricky policy. And as soon as BTC begins to grow, they immediately will remember us.
I also admit the possibility that SEC does not specifically approve BTC now. Since this may affect growth.

[Bitkocha]

The SEC is constantly postponing the adoption of bitcoin ETFs and this says that they are against bitcoin. I think that even if this does not happen, bitcoin will grow, because people need it.

[Valer4ik]

Think about the inheritance and how the process should take place, and then remember all the funny stories and the inheritance that happen even now, it will be fun with the crypt in general. Think about the fact that if you have a very large amount, it is enough just to remove you, so that this amount will be permanently removed from circulation, and therefore all the remaining participants in a clear plus, there will be a tough hunt for large wallets in the future, not to pick up , just to no longer move. And so on, I can go on like this for a long time and I have a huge amount of arguments.

Cryptic accumulation of capital in one hand is not possible.

[CryptoToxicAvenger]

I also read that we should not expect the SEC to approve bitcoin ETF. Apparently this is not profitable for someone, it's not for nothing that this acceptance is constantly postponed. So I think we should stop hoping for that.

[weyrwildcat]

Can someone explain in ELI5 why would approving Bitcoin by SEC send the prices to the moon?

[pixie85]

I also read that we should not expect the SEC to approve bitcoin ETF. Apparently this is not profitable for someone, it's not for nothing that this acceptance is constantly postponed. So I think we should stop hoping for that.

They have nothing to gain by approving it and there has to be a lot of pressure and lobbying from the banks because the banks have a lot to lose.
The sec also has something to lose which is their face if the ETF goes bankrupt. Bitcoin had some bugs that were patched. What if one doesn't get patched and makes the price crash enough to kill the ETF?

We don't need ETF yet.

[Natalim]

~snip~

They have nothing to gain by approving it and there has to be a lot of pressure and lobbying from the banks because the banks have a lot to lose.

I don't think that would be the case, if they'll approve it more exchanges will operate as it's expected that more people will adopt with crypto and since it's in the early stage now, we cannot be independent as most of the people still prefers fiat than crypto.
However, with the support of the bank, things will be possible, they will be the bridge and will influence people who do banking to also try crypto.

The sec also has something to lose which is their face if the ETF goes bankrupt. Bitcoin had some bugs that were patched. What if one doesn't get patched and makes the price crash enough to kill the ETF?

We don't need ETF yet.

I don't to comment on the technical aspect of bitcoin since I don't have enough knowledge on that, but the fact that bitcoin existed until now and successful, I think any problem that will come up has a solution from the crypto community.

[pixie85]

~snip~

They have nothing to gain by approving it and there has to be a lot of pressure and lobbying from the banks because the banks have a lot to lose.

I don't think that would be the case, if they'll approve it more exchanges will operate as it's expected that more people will adopt with crypto and since it's in the early stage now, we cannot be independent as most of the people still prefers fiat than crypto.
However, with the support of the bank, things will be possible, they will be the bridge and will influence people who do banking to also try crypto.

The sec also has something to lose which is their face if the ETF goes bankrupt. Bitcoin had some bugs that were patched. What if one doesn't get patched and makes the price crash enough to kill the ETF?

We don't need ETF yet.

I don't to comment on the technical aspect of bitcoin since I don't have enough knowledge on that, but the fact that bitcoin existed until now and successful, I think any problem that will come up has a solution from the crypto community.

They don't see it this way. To them it's only a burden. It's a technology that nobody controls and nobody will be responsible if something goes wrong. The only people responsible will be the SEC because they would be the ones who accepted it and thought it to be safe. There's no Satoshi to blame and when people lose money they look for scapegoats. Heads have to be rolling to satisfy the mob.

[btc_angela]

I also read that we should not expect the SEC to approve bitcoin ETF. Apparently this is not profitable for someone, it's not for nothing that this acceptance is constantly postponed. So I think we should stop hoping for that.

They have nothing to gain by approving it and there has to be a lot of pressure and lobbying from the banks because the banks have a lot to lose.
The sec also has something to lose which is their face if the ETF goes bankrupt. Bitcoin had some bugs that were patched. What if one doesn't get patched and makes the price crash enough to kill the ETF?

We don't need ETF yet.

I don't think we should like at that angle. Does it mean that everything that SEC has approved in the past (not just cryptocurrency for that matter), has incentives to them? SEC is just a governing body, its the people behind and not the office itself to lose face if they make wrong decisions, in my opinion.

[pixie85]

I don't think we should like at that angle. Does it mean that everything that SEC has approved in the past (not just cryptocurrency for that matter), has incentives to them? SEC is just a governing body, its the people behind and not the office itself to lose face if they make wrong decisions, in my opinion.

But aren't they supposed to enforce the rules, fine the fraudulent companies, sue people responsible? With Bitcoin there's nobody to fine and nobody to sue. If the Bitcoin economy collapses because there was a bug that people missed or the algorithm was cracked there will be nobody to blame but the SEC for approving something that can potentially go to 0. There are no people behind Bitcoin to make the wrong decisions. There's only investors who can profit or lose everything.

[jcmansah7]

The Bitcoin ETF currently has been scheduled to February 28 and i think we are all awaiting that decision. This legal approval involves a whole lot of factors which the SEC needs to consider and that is why it is taking so much long to get it approved or disapproved.

[TheUltraElite]

The Bitcoin ETF currently has been scheduled to February 28 and i think we are all awaiting that decision. This legal approval involves a whole lot of factors which the SEC needs to consider and that is why it is taking so much long to get it approved or disapproved.

Its also due to the fact that governments are not that interested in getting into crypto and making it mainstream and have other stuff to worry about. For example their own political propaganda and making sure the big industrialists are able to work properly. Its all part of the system what we live in. In future slowly by gradually crypto may be considered and then ETF would be a more simpler thing to allow.

The February ETF is the next one but lets not get too enthusiastic about it because both bulls and bears will be trying to take advantage of this. Better not to do any trades prior to this.

[marjil]

The commission did not approve the first applications but the September 30 application seems to me that it will be approved and we will fly to the moon

I don't believe that the September ETF got approved either due to concerns of manipulation by the SEC. EVen if it does approve crypto based ETFs in the future, which it probably will do once the market is more regulated for investors, it won't mean that you will "fly to the moon" - that' just peddling a fake ideaology. All that ETFs will do is allow people to hold crypto indirectly through a collective investment scheme.

[BennyK]

Bitcoin reached its all time high price ($2k) in December, 2017 without the SEC's approval of ETF. This shows that Bitcoin can still survive without ETF being approved. It will be a good news if SEC accept it but we shouldn't consider it as though SEC's acceptance of Bitcoin ETF is the X factor for the survival of BTC.
What matters most is the continuous positive attitude of Bitcoin holders towards it on the market.

[DeathAngel]

I think a bitcoin ETF will be approved in a few years but for now, no chance. I just don’t think the SEC are going to approve anything put forward.

[Stedsm]

I think a bitcoin ETF will be approved in a few years but for now, no chance. I just don’t think the SEC are going to approve anything put forward.

First thing, SEC have got too much time to study the markets and people don't really give a fuck about ETF getting approved or not.
Second, CBOE withdrew their VanEck/SolidX ETF application due to a rule change discussion that will be compulsory for an ETF to get approval. So, when such news is out, others who've filed their applications will think twice before keeping themselves in the game as VanEck/SolidX ETF had been an all-rounder in all ways but still they backed off. So, things are becoming easier for SEC as they're getting the reason of their headache being blown away itself.

[thankyoulord]

i strongly believe SEC will someday approve ETF but when that will be no one knows for sure. SEC is just taking time to analyze everything carefully before the approval so investors will not loose money to eople who manipulate bitcoin price

[mornabo]

I think a bitcoin ETF will be approved in a few years but for now, no chance. I just don’t think the SEC are going to approve anything put forward.

No matter how long, if the SEC still sees bitcoin investment as a high-risk commodity, they will never approve it. Bitcoin is considered too risky because of many things like fluctuations or manipulation. if bitcoin investment is practically safe according to their judgment. then bitcoin will definitely be approved, lets see in the future

[kidbounty]

I still think the SEC will not approve the bitcoin ETF. seeing the many delays that they have done isn't this already certain that they are still in doubt and lacking in trust in bitcoin. until the deadline I think there will be another delay that will occur. this is only to dampen the crypto community's disappointment about the rejection.

[jcarlo]

Just read an article in reddit.com.It says that the SEC has not approved ETF as it thinks that unidentifiable people could influence the market.If such manipulation occurs,SEC wishes them to be identified.

So will there never be an SEC approved bitcoin ETF?

https://www.reddit.com/r/Bitcoin/comments/99n8g3/in_case_you_didnt_read_it_the_sec_disapproved_the/

I dont think SEC will disapprove bitcoin ETF. Soon or later, SEC will approve bitcoin ETF because this is real market. SEC always delaying approval on bitcoin ETF but in near future, BAKKT will launch and if i am not mistake its bitcoin ETF.

[cellard]

Can someone explain in ELI5 why would approving Bitcoin by SEC send the prices to the moon?

The bitcoins that are held by the ETF are supposedly going to be bitcoin-settled. This means that there must be a 1:1 ratio for the demand of bitcoins, which means the funds must buy bitcoins and have enough supply for all the clients, and it must be regulated to avoid scams. This is very bullish since it would give access to actual bitcoins to all these old cunts with lots of money out there, which are too computer illiterate to hold their own private keys safely.

Bakkt is a similar product. Anything that is bitcoin settled and isn't derivative scams like futures is positive for the price. Of course they will wait for capitulation to before the pump to $100k+ comes just like they did with gold.

[Marbelli]

I think that we will never see the approval of Bitcoin futures trading, most likely it was just market manipulation.

[btc_angela]

I think that we will never see the approval of Bitcoin futures trading, most likely it was just market manipulation.

That's the major reason why ETF's have been rejected by SEC and we all know that whales and lots of speculators continue to manipulate the market so it will be difficult for bitcoin to really get the ETF approval. I guess we're doing fine though, people are just looking for a catalyst to push the price again and hoping that ETF will bring that, but again, I don't see SEC approving it because of manipulation.

[Yoo]

In my opinion it will be approved. But to approve will definitely require a long process.
Currently NYSE Arca submits documents for Bitcoin ETF approvals. I hope this can be approved soon. Yeah, they're fighting for Bitcoin ETF approval.

https://www.coindesk.com/nyse-arca-files-paperwork-for-bitwise-bitcoin-etf-approval

[Natalim]

In my opinion it will be approved. But to approve will definitely require a long process.
Currently NYSE Arca submits documents for Bitcoin ETF approvals. I hope this can be approved soon. Yeah, they're fighting for Bitcoin ETF approval.

https://www.coindesk.com/nyse-arca-files-paperwork-for-bitwise-bitcoin-etf-approval

More and more are applying for approval,  I think soon the SEC will find what they are looking for and will eventually approve the ETF.
It's good for us because they didn't give up, denied many times but they continue to pursue for that approval, that's how they want crypto to be well regulated.

[Distinctin]

In my opinion it will be approved. But to approve will definitely require a long process.
Currently NYSE Arca submits documents for Bitcoin ETF approvals. I hope this can be approved soon. Yeah, they're fighting for Bitcoin ETF approval.

https://www.coindesk.com/nyse-arca-files-paperwork-for-bitwise-bitcoin-etf-approval

More and more are applying for approval,  I think soon the SEC will find what they are looking for and will eventually approve the ETF.
It's good for us because they didn't give up, denied many times but they continue to pursue for that approval, that's how they want crypto to be well regulated.

SEC approval is very important in a business as required in order for us to operate according to the laws. I feel difficulties on our side since some government institutions opposing this thing. Once it finally resolve and approve, it surely give a huge impact to the market and it helps to eliminate ghost/scam projects.

[Natalim]

In my opinion it will be approved. But to approve will definitely require a long process.
Currently NYSE Arca submits documents for Bitcoin ETF approvals. I hope this can be approved soon. Yeah, they're fighting for Bitcoin ETF approval.

https://www.coindesk.com/nyse-arca-files-paperwork-for-bitwise-bitcoin-etf-approval

More and more are applying for approval,  I think soon the SEC will find what they are looking for and will eventually approve the ETF.
It's good for us because they didn't give up, denied many times but they continue to pursue for that approval, that's how they want crypto to be well regulated.

SEC approval is very important in a business as required in order for us to operate according to the laws. I feel difficulties on our side since some government institutions opposing this thing. Once it finally resolve and approve, it surely give a huge impact to the market and it helps to eliminate ghost/scam projects.

That would give a boost in the market for sure, the application is in the US but I believe they have a big influence in some other countries.
Well, if that is gonna be approve this year, I feel that some county will become pro crypto and this will bring our dreams into a reality.
All we want is just to see the price increase but without good news like that, it's not possible.

[conected]

In my opinion it will be approved. But to approve will definitely require a long process.
Currently NYSE Arca submits documents for Bitcoin ETF approvals. I hope this can be approved soon. Yeah, they're fighting for Bitcoin ETF approval.

https://www.coindesk.com/nyse-arca-files-paperwork-for-bitwise-bitcoin-etf-approval

More and more are applying for approval,  I think soon the SEC will find what they are looking for and will eventually approve the ETF.
It's good for us because they didn't give up, denied many times but they continue to pursue for that approval, that's how they want crypto to be well regulated.

- You also know that the SEC has received many applications for approval but until now, they have been continuously refusing and refusing, they do not have time to seek out the common and good points of bitcoin here, they only know bitcoin is not suitable for the government and they will not allow bitcoin to penetrate deeper. So I believe we should understand simply that Bitcoin ETF is just a news to change the value of bitcoin in sensitive moments of the market, submitting documents for bitcoin approval ETF is just a way that big investors create market influence according to their wishes

[therhslv]

In my opinion it will be approved. But to approve will definitely require a long process.
Currently NYSE Arca submits documents for Bitcoin ETF approvals. I hope this can be approved soon. Yeah, they're fighting for Bitcoin ETF approval.

https://www.coindesk.com/nyse-arca-files-paperwork-for-bitwise-bitcoin-etf-approval

More and more are applying for approval,  I think soon the SEC will find what they are looking for and will eventually approve the ETF.
It's good for us because they didn't give up, denied many times but they continue to pursue for that approval, that's how they want crypto to be well regulated.

- You also know that the SEC has received many applications for approval but until now, they have been continuously refusing and refusing, they do not have time to seek out the common and good points of bitcoin here, they only know bitcoin is not suitable for the government and they will not allow bitcoin to penetrate deeper. So I believe we should understand simply that Bitcoin ETF is just a news to change the value of bitcoin in sensitive moments of the market, submitting documents for bitcoin approval ETF is just a way that big investors create market influence according to their wishes

They can delay , but there is final date where you can't delay anymore . I think its end of february . I would like to believe there is big chance it will be approved and then we can see some action in market . Already forgot the feelings that i had in 2017 November , December when everything was shooting up . Good old days ....

[Yoo]

They can delay , but there is final date where you can't delay anymore . I think its end of february . I would like to believe there is big chance it will be approved and then we can see some action in market . Already forgot the feelings that i had in 2017 November , December when everything was shooting up . Good old days ....

I'm not sure if at the end of February there will be no more delays. But I believe that sooner or later the Bitcoin ETF will be approved.

I think I will not forget history at the end of 2017, because it is the history of Bitcoin that is able to make a new ATH. Yeah, the price of bitcoin reached $19,665.39 and I really missed that moment.

[lesoleil]

They can delay , but there is final date where you can't delay anymore . I think its end of february . I would like to believe there is big chance it will be approved and then we can see some action in market . Already forgot the feelings that i had in 2017 November , December when everything was shooting up . Good old days ....

I'm not sure if at the end of February there will be no more delays. But I believe that sooner or later the Bitcoin ETF will be approved.

I think I will not forget history at the end of 2017, because it is the history of Bitcoin that is able to make a new ATH. Yeah, the price of bitcoin reached $19,665.39 and I really missed that moment.

there is no deadline because the etf proposal was withdrawn. so no approval sooner or later...

[ePesoInitiative]

Oh, the SEC will never approve a Bitcoin ETF until the fat whales of Wallstreet get their fill. The top 1% don't stay at the 1% because they are fair and honest businessmen/investors.

[H1N1]

I guess they need more time to evaluate the current condition of cryptocurrency and considering many things that will happening if they approve the Bitcoin ETF. There were many Bitcoin ETF proposals rejected already, and i guess it will be hard for them to approve it after all.
For me, approved or rejected, the most important is cryptocurrency keep developing and won't die.

[boyptc]

I just saw these positive news about bitcoin etf.

---> https://cointelegraph.com/news/sec-commissioner-jackson-thinks-regulator-will-approve-btc-etf-leaked-interview-shows
---> https://www.ccn.com/bitcoin-etf-is-coming-hopeful-us-sec-chief-says-approval-only-a-matter-of-time
---> https://bitcoinist.com/bitcoin-etf-inevitable-sec-commissioner/

[proTECH77]

I think that we will never see the approval of Bitcoin futures trading, most likely it was just market manipulation.

Candidly speaking the whales manipulation landed us here but that's a good one. SEC may not approve Bitcoin ETF but that's just by the way because as for now the ETF approval can cause a major rise in the market. Many are they that wait for the slightest opportunity to act in the market bullish run which we hope ETF will provide.

[susuberuang]

the meetings held to discuss ETF and SEC are all just price manipulations, they try to master the circulation of cryptocurrency so they want to try to be the driver of cryptocurrency prices and that will make the discussion fail because bitcoin will never be able to be controlled by anyone.

[jrrsparkles]

I guess they need more time to evaluate the current condition of cryptocurrency and considering many things that will happening if they approve the Bitcoin ETF. There were many Bitcoin ETF proposals rejected already, and i guess it will be hard for them to approve it after all.
For me, approved or rejected, the most important is cryptocurrency keep developing and won't die.

Actually we don't need it so people are just speculating with ETF,no real crypto enthusiast want that to happen because crypto is currency not investment so people who are not knowing the result of bitcoin on ETF need to read this https://cointelegraph.com/news/why-an-etf-is-a-bad-idea-for-bitcoin

[Fredomago]

the meetings held to discuss ETF and SEC are all just price manipulations, they try to master the circulation of cryptocurrency so they want to try to be the driver of cryptocurrency prices and that will make the discussion fail because bitcoin will never be able to be controlled by anyone.

In it's real essence it should not be controlled by anyone but everyone, It's all about dominating the market and with this behaviors we are still
far from seeing any positive executions but more on a speculative drive, hopefully this one will be settled for benefits of both parties.

[SistaFista]

Just read an article in reddit.com.It says that the SEC has not approved ETF as it thinks that unidentifiable people could influence the market.If such manipulation occurs,SEC wishes them to be identified.

So will there never be an SEC approved bitcoin ETF?

https://www.reddit.com/r/Bitcoin/comments/99n8g3/in_case_you_didnt_read_it_the_sec_disapproved_the/

As far as i know, SEC have not accept any bitcoin ETF yet until now.
Of course, they rejected many bitcoin ETF proposal from some parties already.
But it doesn't mean they won't accept any bitcoin ETF in the future. If they have enough time to conclude the result, maybe they will approve some.

[Mr.grin]

Just read an article in reddit.com.It says that the SEC has not approved ETF as it thinks that unidentifiable people could influence the market.If such manipulation occurs,SEC wishes them to be identified.

So will there never be an SEC approved bitcoin ETF?

https://www.reddit.com/r/Bitcoin/comments/99n8g3/in_case_you_didnt_read_it_the_sec_disapproved_the/

As far as i know, SEC have not accept any bitcoin ETF yet until now.
Of course, they rejected many bitcoin ETF proposal from some parties already.
But it doesn't mean they won't accept any bitcoin ETF in the future. If they have enough time to conclude the result, maybe they will approve some.

well, maybe the news for rejecting SEC ETFs against bitcoin is no longer a secret. however, there are a few things I heard about this, and they said that the SEC might later accept bitcoin. this certainly will greatly affect the development of bitcoin in the future.

[abstractednerve]

Though I love to see crypto in decentralization but at this moment SEC's ETF approved can be big help for the bitcoin and the total crypto market. If that article's news is real then I have doubt about it. SEC will not approve bitcoin until it makes a stable price, as we can see SEC is rejecting bitcoin everytime, volatility can be a reason for it.

[kxz1498]

SEC sentiment is getting more positive now. We just need a majority of the commissioners on our side.

[lousie9]

Though I love to see crypto in decentralization but at this moment SEC's ETF approved can be big help for the bitcoin and the total crypto market. If that article's news is real then I have doubt about it. SEC will not approve bitcoin until it makes a stable price, as we can see SEC is rejecting bitcoin everytime, volatility can be a reason for it.

The SEC is also in a position to judge not to refuse continuously because they also do not want crypto transactions to move in a chaotic manner without regulations and the possibility of new investors in big waves that cannot be monitored anymore. many coins will try to stabilize prices even though bitcoin doesn't do it. The SEC also reads things that are constantly being processed in a generic investment circle in the market.

[kxz1498]

Doesnt the CTFC manage ETFs though?

[jerrison]

yes. it is obvious the SEC will approve the blockchain technology and the bitcoin in particular but it will only take time and perseverance from the big whales in the space. it has been a while since the SEC has its chance to make decisions and i believe that there is a time frame given to SEC to make decisions of approval.

[exchangestolemycoins]

There is a lot of press around this topic, and what I've taken away is:

- it will happen eventually
- it won't cause a massive influx of cash
- the head of US SEC thinks it "should" be approved soon

Given that applicants meet guidelines laid out for them...

[kxz1498]

There is a lot of press around this topic, and what I've taken away is:

- it will happen eventually
- it won't cause a massive influx of cash
- the head of US SEC thinks it "should" be approved soon

Given that applicants meet guidelines laid out for them...

We just have to wait for the other commissioners soon.

[shesheboy]

As far as i know, SEC have not accept any bitcoin ETF yet until now.

i thought this matterr is already done ? i hear a post lately , the guy said that etf is already approved bitcoin . that is also the reason why we see a greens now .

Of course, they rejected many bitcoin ETF proposal from some parties already.

its not many . afaik it is only 2 proposal that they try to avoid .

But it doesn't mean they won't accept any bitcoin ETF in the future. If they have enough time to conclude the result, maybe they will approve some.

yeah maybe they are not ready that time . dealing with bitcoin is not a joke . you need to understand its consequences  first  and that is what their doing  .

[Jating]

There is a lot of press around this topic, and what I've taken away is:

- it will happen eventually
- it won't cause a massive influx of cash
- the head of US SEC thinks it "should" be approved soon

Given that applicants meet guidelines laid out for them...

Right, lately there's a lot of spike in the news again regarding the approval or rejection of Bitcoin ETF, that's while we made some rally in the last 2-3 days.

But, don't be excited because it is not yet approved so we can't see the net positive effect yet. If might really bring a influx of cash, but I would like to see its a steady growth and not the bubble that we have seen in 2017, so we need to wait.

[killat]

Just read an article in reddit.com.It says that the SEC has not approved ETF as it thinks that unidentifiable people could influence the market.If such manipulation occurs,SEC wishes them to be identified.

So will there never be an SEC approved bitcoin ETF?

https://www.reddit.com/r/Bitcoin/comments/99n8g3/in_case_you_didnt_read_it_the_sec_disapproved_the/

Sooner or later Btc ETF will be approved as big institutional investors are willing to join the boat. The just want to buy a lot of btc before as cheap as possible. Until they did not filled their pockets price will continue to be manipulated.

However,  don't forget that price reached 20k without any ETF approved.

[Spider A4]

SEC will be approved Bitcoin ETF there is something positive news about it.
I think anyhow if it will be approved market must be increase everybody say that.
https://cointelegraph.com/news/sec-commissioner-jackson-thinks-regulator-will-approve-btc-etf-leaked-interview-shows

[semobo]

Just read an article in reddit.com.It says that the SEC has not approved ETF as it thinks that unidentifiable people could influence the market.If such manipulation occurs,SEC wishes them to be identified.

So will there never be an SEC approved bitcoin ETF?

https://www.reddit.com/r/Bitcoin/comments/99n8g3/in_case_you_didnt_read_it_the_sec_disapproved_the/

Sooner or later Btc ETF will be approved as big institutional investors are willing to join the boat. The just want to buy a lot of btc before as cheap as possible. Until they did not filled their pockets price will continue to be manipulated.

However,  don't forget that price reached 20k without any ETF approved.

Even without ETF it can reach more heights,ETF is just a tool for speculation now but we really don't need it to use it in the regular basis.Institutiona investors will make the cryotos too expensive which will become like an asset if they were here.So decentralized economy will become a dream though.

[Lpim01]

SEC will be approved Bitcoin ETF there is something positive news about it.
I think anyhow if it will be approved market must be increase everybody say that.
https://cointelegraph.com/news/sec-commissioner-jackson-thinks-regulator-will-approve-btc-etf-leaked-interview-shows

I'm pretty sure ETF will be approved soon once exchange owners will proved its legalities. Regulatory boards are also concerns with the people and they could just make any mistakes that could lead into confusions and could ruin their reputation. People we're watching this, and I know we all excited for its approval.

[ecnalubma]

Its just a matter of time before they approve this thing but technically we don’t need them directly. ETF’s not the real adoption its a way to open this market for me institutional investors with confidence and guaranteeing them an easy returns.

[bitbunnny]

Its just a matter of time before they approve this thing but technically we don’t need them directly. ETF’s not the real adoption its a way to open this market for me institutional investors with confidence and guaranteeing them an easy returns.

Technicallly this approval process could last forever. There is no any obliged time frame. But I still think that people are expecting way too much from ETF approval when in theory this will not change much and it will not influence Bitcoin price to suddenly rise to the sky. But in some extent market could react in positive way on short term basis.

[gabbie2010]

SEC will be approved Bitcoin ETF there is something positive news about it.
I think anyhow if it will be approved market must be increase everybody say that.
https://cointelegraph.com/news/sec-commissioner-jackson-thinks-regulator-will-approve-btc-etf-leaked-interview-shows

This latest news about the approval leaked and was widely spread I believed there is some iota of truth in that news perhaps this might be responsible for the sudden pumps in the price of bitcoin and I am very optimistic that the approval will come sooner than later having been postponed for a long period of time.

[maianh09]

Just read an article in reddit.com.It says that the SEC has not approved ETF as it thinks that unidentifiable people could influence the market.If such manipulation occurs,SEC wishes them to be identified.

So will there never be an SEC approved bitcoin ETF?

https://www.reddit.com/r/Bitcoin/comments/99n8g3/in_case_you_didnt_read_it_the_sec_disapproved_the/

I think this is great, I am glad that the SEC will not approve the ETF. The approval of ETFs can significantly affect the entire Crypto market when governments enact more rules. The crypto market does not need any support from any government organizations because I believe it does not require anyone to help.

[nelson4lov]

If there's one thing I'm sure of in the whole Bitcoin-ETF situation, is that an ETF would one day be approved by the SEC. It might be delay a couple of times but eventually, It will. Lately there have been a lot of positives surrounding Bitcoin and other cryptocurrencies which makes me believe that an ETF approval is imminent. Just hang on guys.

[conected]

If there's one thing I'm sure of in the whole Bitcoin-ETF situation, is that an ETF would one day be approved by the SEC. It might be delay a couple of times but eventually, It will. Lately there have been a lot of positives surrounding Bitcoin and other cryptocurrencies which makes me believe that an ETF approval is imminent. Just hang on guys.

- I don't think the SEC will accept bitcoin ETF someday, it not only rejects bitcoin ETF a few times, it has rejected so many times Bitcoin ETF, even someone who doesn't know too much about crypto, they also know that this story has problems. And the problem here is that bitcoin ETF is just a rumor, a news that could allow whales and investors with a lot of money to use it many times to control and change market prices, we can realize this very easily when every time the market changes drastically, bitcoin ETF always appears, approving bitcoin ETF is just a dream of dreamer

[Yamifoud]

Just read an article in reddit.com.It says that the SEC has not approved ETF as it thinks that unidentifiable people could influence the market.If such manipulation occurs,SEC wishes them to be identified.

So will there never be an SEC approved bitcoin ETF?

https://www.reddit.com/r/Bitcoin/comments/99n8g3/in_case_you_didnt_read_it_the_sec_disapproved_the/

I think this is great, I am glad that the SEC will not approve the ETF. The approval of ETFs can significantly affect the entire Crypto market when governments enact more rules. The crypto market does not need any support from any government organizations because I believe it does not require anyone to help.

I may say you are wrong, without the government support there is no way that crypto will grow and survive. Think about what will happen to crypto when China banned crypto, we are absolutely down but we still recover cause many countries keep supporting crypto.
Its legalization will simply say that the government have trusted this thing and they absolutely saw good contribution to the community.

[Distinctin]

Just read an article in reddit.com.It says that the SEC has not approved ETF as it thinks that unidentifiable people could influence the market.If such manipulation occurs,SEC wishes them to be identified.

So will there never be an SEC approved bitcoin ETF?

https://www.reddit.com/r/Bitcoin/comments/99n8g3/in_case_you_didnt_read_it_the_sec_disapproved_the/

I think this is great, I am glad that the SEC will not approve the ETF. The approval of ETFs can significantly affect the entire Crypto market when governments enact more rules. The crypto market does not need any support from any government organizations because I believe it does not require anyone to help.

I may say you are wrong, without the government support there is no way that crypto will grow and survive. Think about what will happen to crypto when China banned crypto, we are absolutely down but we still recover cause many countries keep supporting crypto.
Its legalization will simply say that the government have trusted this thing and they absolutely saw good contribution to the community.

ETF is still in the process for either it will be approved or not, what ever the result for their discussions we don't have nothing to do is to accept it.
I'd never think that ETF's approval create another drama and I'll do positive that it will help to bring market flown again and sustain its potentiality.

[joseyphil82]

Well this morning I read on news that SEC approval for ETF is incoming ,I'm glad we are getting somewhere with this, the truth is the only thing cryptocurrency needs now is regulation ,that is the only way to make real use of digital currencies

[letecia012]

Just read an article in reddit.com.It says that the SEC has not approved ETF as it thinks that unidentifiable people could influence the market.If such manipulation occurs,SEC wishes them to be identified.

So will there never be an SEC approved bitcoin ETF?

https://www.reddit.com/r/Bitcoin/comments/99n8g3/in_case_you_didnt_read_it_the_sec_disapproved_the/

As long as the the SEC  see some loop holes that would cause market manipulation in crypto market fhey would stand firm to their decision to protect investors money. 

[ashraf226]

All the SEC rejections are based on this “(5) The rules of the exchange are designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in regulating, clearing, settling, processing information with respect to, and facilitating transactions in securities, to remove impediments to and perfect the mechanism of a free and open market and a national market system, and, in general, to protect investors and the public interest; and are not designed to permit unfair discrimination between customers, issuers, brokers, or dealers, or to regulate by virtue of any authority conferred by this chapter matters not related to the purposes of this chapter or the administration of the exchange. i hobe good olll

[TimeTeller]

All the SEC rejections are based on this “(5) The rules of the exchange are designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in regulating, clearing, settling, processing information with respect to, and facilitating transactions in securities, to remove impediments to and perfect the mechanism of a free and open market and a national market system, and, in general, to protect investors and the public interest; and are not designed to permit unfair discrimination between customers, issuers, brokers, or dealers, or to regulate by virtue of any authority conferred by this chapter matters not related to the purposes of this chapter or the administration of the exchange. i hobe good olll

I'm curious also how will this finally end?
But high probability that there will be positive news for all crypto users very soon.
Speculating here... 

[Alpinat]

I'm curious also how will this finally end?
But high probability that there will be positive news for all crypto users very soon.
Speculating here... 

It is just hard for those who decide on the ETF what will they do because bitcoin will always have risk on it but probably in the future they will realized that they should approve it. The idea of bitcoin is unique and it should be treated. Approving ETF can be the way of its comeback.

[Wayan_Pedjeng]

It looks like the SEC is trying delaying tactics. They have no valid reason to reject the ETF approval. But then, they can't give a formal approval as well. This drama will continue for another two or three years, and go on until the applicants withdraw their application after getting frustrated with the lack of positive response from the SEC.

[Siren]

Just read an article in reddit.com.It says that the SEC has not approved ETF as it thinks that unidentifiable people could influence the market.If such manipulation occurs,SEC wishes them to be identified.

So will there never be an SEC approved bitcoin ETF?

https://www.reddit.com/r/Bitcoin/comments/99n8g3/in_case_you_didnt_read_it_the_sec_disapproved_the/

Stop fooling yourself mate because ETF is just a joke and will never come to reality,for how many years we have seen the lots of ETF failure and until now failing is what this brings to the crypto world

It looks like the SEC is trying delaying tactics. They have no valid reason to reject the ETF approval. But then, they can't give a formal approval as well. This drama will continue for another two or three years, and go on until the applicants withdraw their application after getting frustrated with the lack of positive response from the SEC.

Well this is the only thing we can expect on them(SEC)

But let’s see for what will happen in the years to come(hopefully there will be. A Positive traits

[ene1980]

ETF is still in the process for either it will be approved or not, what ever the result for their discussions we don't have nothing to do is to accept it.
I'd never think that ETF's approval create another drama and I'll do positive that it will help to bring market flown again and sustain its potentiality.

I seriously did not understand the core substance what you are trying to say here other than the market might create another drama if ETF is approved, if you are not aware of it, the drama of ETF approvals are going on for a long time and there was a time when the market used to move higher just because we are having a hearing from the SEC about the approval, but now the market does not care about any of those, we will have the ETF approved at a later time but do not expect that anytime soon.

[Tayo234]

consideration is needed to agree that ETFs are just a tool for speculation now but we really don't need them to use them regularly. maybe in the future bitcoin will be approved. we must believe this.

[rodel caling]

The commission did not approve the first applications but the September 30 application seems to me that it will be approved and we will fly to the moon

Hopefully I expect the same there is no any negative effects in the price after sec rejected as well. That is the potential of Bitcoin we need to understand but we people does not care what we need to do. All the time trolling and doing burst means nothing will be work with you.

All the coins will be reach its destination growth in sometime. Don't need to worry about it.

It's been a long time people awaiting for SEC approval, why today the issue reopen this recent bitcoin goes back into stronger price value it's proven without any regulation bitcoin including the whole crypto currency will strong as new form of money.

[bittraffic]

Its going to just disappoint you if you expect them to approve ETF when you all know government won't be able to do that as they can't just control BTC. All the government want is to get money from the holders. BTC or any other cryptocurrency doesn't need ETF to rise, to hell now when there is a bullrun going on.

[Johnzky]

Just read an article in reddit.com.It says that the SEC has not approved ETF as it thinks that unidentifiable people could influence the market.If such manipulation occurs,SEC wishes them to be identified.

So will there never be an SEC approved bitcoin ETF?

https://www.reddit.com/r/Bitcoin/comments/99n8g3/in_case_you_didnt_read_it_the_sec_disapproved_the/

Maybe the sec or the  regulators are delaying the result or the approbation but in proper time i am sure they will agree on our side.specially when the time they realizes wwhat they are missing now

[yoseph]

I just read an article on etftrends which states that an new ETF have been filed with the SEC on May 9th 2019. This new ETF would be managed by Crescent Crypto Index . You can read all about it on this link which i have provided below.

https://www.sec.gov/Archives/edgar/data/1479247/000117120019000215/i19283_xbet-s1.htm

[Whaleagent]

BAKT Is already on the way to launch in June.