SEC will review rejected Bitcoin ETF

[wizardcrypto]

The security Exchange Commision that rejected the propose Bitcoin ETF earlier have now agree to review nine Bitcoin exchange traded fund (ETF) according to the constitution of the Commission Rules of Practice ,17 CFR 201,431, the Commission will review the delegated action.
The crypto community is happy again with this movement but the questions is could this movement cause the cryptocurrency to be stable and the bull to run all through out the last quarter of the year 2018 ?

[tonywangg]

This ETF is nothing more than a news sound bite.  Mainstream adoption is what matters.  The SEC will eventually approve a ETF for Bitcoin and most likely other cryptos as it allows them to play the market with printed paper.  If you think things are wild now just wait until the bankers get in here full force. 

[Lankabc]

This ETF is nothing more than a news sound bite.  Mainstream adoption is what matters.  The SEC will eventually approve a ETF for Bitcoin and most likely other cryptos as it allows them to play the market with printed paper.  If you think things are wild now just wait until the bankers get in here full force. 

Hi user, Tonywang, what do you mean by wait until the bankers get in here full force? I think SEC is a part of mainstream?  Am I wrong?

[robelneo]

The security Exchange Commision that rejected the propose Bitcoin ETF earlier have now agree to review nine Bitcoin exchange traded fund (ETF) according to the constitution of the Commission Rules of Practice ,17 CFR 201,431, the Commission will review the delegated action.
The crypto community is happy again with this movement but the questions is could this movement cause the cryptocurrency to be stable and the bull to run all through out the last quarter of the year 2018 ?

It could have a good impact, this is a new territory for Bitcoin traders, and could make bitcoin very much legal to the eyes of the unbelievers and could be a big milestone for Bitcoin we expect the price to zoom after this approval everyone is looking forward to this big event.

[Phlaser]

This ETF is nothing more than a news sound bite.  Mainstream adoption is what matters.  The SEC will eventually approve a ETF for Bitcoin and most likely other cryptos as it allows them to play the market with printed paper.  If you think things are wild now just wait until the bankers get in here full force. 

No doubt about this happening. After all they've seen and witness the power of Bitcoin presently even when it's yet to hit mainstream. Now imagine when it does, then it's going to be fun all the way. I just believe this whole saga is to drag the price of bitcoin downwards for institutional funds to get bulk of it at cheap rate.

[mohammedmattar]

The security Exchange Commision that rejected the propose Bitcoin ETF earlier have now agree to review nine Bitcoin exchange traded fund (ETF) according to the constitution of the Commission Rules of Practice ,17 CFR 201,431, the Commission will review the delegated action.
The crypto community is happy again with this movement but the questions is could this movement cause the cryptocurrency to be stable and the bull to run all through out the last quarter of the year 2018 ?

Despite the importance of these news, I think the exaggerated interest is not good
 Bitcoin the strongest of all these tests
And I think we've got a lower price for Bitcoin at this point
Even if the ETF is rejected, the decline will be average to limited
The approval will raise the price to good levels.

[hadveach]

I think, their actions will not change the decision, the SEC will always ban and reject the Bitcoin ETF.

of course, it will affect the crypto market, we know that bitcoin ETF is a collective investment contract, and will be recorded and traded in exchange such as value or bookkeeping in various financial instruments that refer to the ownership portion of a company.

and that will attract a lot of public attention.