SEC on ETF

[Supremacy2]

According to new SEC announcement, the $BTC VanEck ETF may not reach a decision for another 180 days, with an additional option to extend another 60 days after that.

What's your view about this?

[NeuroticFish]

According to new SEC announcement, the $BTC VanEck ETF may not reach a decision for another 180 days, with an additional option to extend another 60 days after that.

What's your view about this?

You should have posted a reference for this info. However, I did some more research and, from what I've read

As part of that process, the SEC wants more input from the public – to date, according to the agency, more than 1,400 comments have been submitted.

Which may or may not postpone the decision, but they started moving early, so there's still a good chance we'll see a result on 30th.

(SEC) announced Thursday that it has begun proceedings to decide whether to approve a proposed bitcoin exchange-traded fund (ETF)

Edit: I see it was postponed after all. *sigh*

[hotforblockchain]

Not a surprise, noone is expecting BTC ETF to be approved any time soon and the underlying reasoning has been discussed over and over again.
As you can see the market did not even react to this, this means that the whole market does not care.

[sinkfish]

Not a surprise, noone is expecting BTC ETF to be approved any time soon and the underlying reasoning has been discussed over and over again.
As you can see the market did not even react to this, this means that the whole market does not care.

most of hodler dont even care about it. approve or not, the market is as good as it is.

[~Money~]

these 180 days is what crypto market needs, finally 180 day stress free for crypto to continue its movements toward the market expectations

we are very glad to see this decision and also those twins to be silent for these few month
maybe its the reason why market is green in last few days

[Sylvial]

I hated to sound negative and pessimistic, always knew the VanEck's ETF application will suffer a setback. But it's obvious the space is ripe for an ETF yet. The SEC ETF approval will come, but not now in my honest opinion. 180 days is enough time for crypto assets to prove their worth in the market place