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bitChipper
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October 25, 2018, 07:59:05 PM |
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These type of post have been coming out for months and months, I think that if the SEC was really serious about it than they would have already approved something instead of just postponing over and over again. I really dont think crypto needs an ETF yet, there is Bakkt, and numerous custody solutions to where if big institutions wanted in they could get in. Remember we hit 800billion market cap just off retail speculation alone, we could easily get to a couple trillion with more retail speculator and just a handful of institutions in. |
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grendel25
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October 25, 2018, 08:05:46 PM |
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It will come and so sure... it is imminent. However, it doesn't have to come in 2018 to be "imminent". ETF will just be one more step in the direction of legitimacy and adoption of cryptocurrencies. It will be like when RVN recently went onto Binance. I would argue that ETF will not make the price surge dramatically or create some sort of bull market. Maybe a modest price increase of 10-20% in my opinion and not financial advice.
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kingzpro
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October 25, 2018, 08:17:53 PM |
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To be honest bitcoin etf approval does not seem to be a simple thing because of the clash between traditional financial system and crypto, etf approval will mean that btc has been accepted as legal financial asset, no doubt it will be huge news for btc and crypro community but i think it will take time, maybe in 2019 or beyond.
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GhostWithin
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October 25, 2018, 08:22:20 PM |
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It will come and so sure... it is imminent. However, it doesn't have to come in 2018 to be "imminent". ETF will just be one more step in the direction of legitimacy and adoption of cryptocurrencies. It will be like when RVN recently went onto Binance. I would argue that ETF will not make the price surge dramatically or create some sort of bull market. Maybe a modest price increase of 10-20% in my opinion and not financial advice.
Most people hope that the launch of the ETF will change the situation on the market. But let's remember bitcoin futures. Prices rose, but what happened next? In addition, EFT contradicts cryptocurrency principles. |
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bartolo
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October 25, 2018, 08:24:38 PM |
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Those sources have been announcing the imminent ETF approval for some months. If they keep insisting for some more months, in some moment they will end up being right.
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fortresscoin
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October 25, 2018, 09:26:37 PM |
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As a recent article from cryptoslate by Anthony Xie suggests, there is momentum for the SEC to approve a physically backed ETF. This will offer other major cryptos a goal to strive for in the future as long as they can hold up to the approval process. Hopefully this will encourage cash flow and demand to the cyrypto markets all around.
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Anatolich
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October 25, 2018, 09:32:05 PM |
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After the transfers of the permanent, there is no hope for it as such. It will be good if my expectations do not come true, and everything will go up. But so far the only way.
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powerman24
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October 25, 2018, 10:08:30 PM |
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It would be a good news for BTC and crypto overall, but I think it is too early as the market is not
regulated and prepared for ETF approval. I think the decision will be postponed again.
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Supremacy2
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October 25, 2018, 10:25:53 PM |
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ETF approval will be a great news to the CRYPTO world because it shows it's now legally accepted by financial system and this will make all strong projects have much ground than expected but It maybe later next year.
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ziac
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October 25, 2018, 10:30:22 PM |
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We can all wish and speculate for but I doubt it will be this year or early next year.. As more and more prominent people learning and embracing cryptpcurrency SEC will be really adamant approving something big.
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https://bidooh.io/ ▸▸ Decentralized Digital Billboards Backed by OKEx & Director of Manchester United ●● |
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chabapok
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October 25, 2018, 10:31:42 PM |
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I dont have too many informations about ETF's last situation but i believe ETF will approved in 2019. There are too many positive news about bitcoin and also i believe they will accept that finally.
Because i think there are too many investment companies want to invest in btc and they need to that ETF. So in 2019 i think it will be happen. i hope.
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WalkerIVIV
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October 25, 2018, 10:36:05 PM |
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It would be a good news for BTC and crypto overall, but I think it is too early as the market is not
regulated and prepared for ETF approval. I think the decision will be postponed again.
Or it will be rejected again consider SEC has been processing a lot of the scam icos right now, they can use it as a reason to postpone or reject the ETF application because crypto is not yet mature. Coinbase is our hope to see the crypto will be traded by US speculators. |
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jojohamasa
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October 25, 2018, 10:36:29 PM |
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Everyone wishes this to happen
But we have to do our duty and
do not count on this news very much
If the idea spreads, all the big institutions will come.
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AngelJoshua
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October 25, 2018, 10:41:28 PM |
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It's been a months since these ETF news are running around. But I'm hoping that it will really going to be approve before the year end. I still don't know what will going to happen once it get approved but it really means that they will going to accept our bitcoin as a legal or official asset  . |
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cakravothy
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October 25, 2018, 10:44:02 PM |
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when SEC can announcement about aprove ETF proposal
i think if true ETF proposal aprove, bitcoin price can the moon
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yesyes18
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October 25, 2018, 11:37:23 PM |
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Welk, this is how i see it: the Sec doesn't want to order for a ban andnthey don't akso want to approve for reasons best kniwn to them and so they'd keep on postponing for a long time. Only Gid knows when they'll be done.
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Bergqvist
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October 27, 2018, 06:08:45 AM |
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Bitcoin etf approval doesn't seem to be a simple thing because of the clash between traditional financial system and crypto. Most people hope that the launch of the ETF will change the situation on the market. But let's remember Bitcoin's future.
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MrPao
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Fast, Smart, Trustworthy
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October 27, 2018, 08:36:08 AM |
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I don't think the SEC will easily let the ETF pass the review. Why? Because ETF is not a pure business, its adoption will mean whether the cryptocurrency is recognized by the state, which is very important!
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GenesisDominguez
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October 27, 2018, 09:03:39 AM |
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There were some news that said ETF would be approved within the end of October. But things are not looking like it. ETF would be approved eventually but there is no certain date as for now.
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