Will SEC approve BITCOIN ETF ?

[deppil]

I don't think SEC will approve Bitcoin ETF at this moment. Because Everybody does know that bitcoin is too much volatile, Even Bitcoin's price can't stand high for more than one month! I don't know why SEC rejected bitcoin every time, but Volatile can be a reason!

I think the statement has come out that the SEC rejected the Bitcoin ETF? forget SEC we can grow and spread not only from the help of SEC. I'm sure the community and market for bicoin and crypto will be even greater without the assistance of the SEC

[1714497862]

1714497862

[PlusOne88]

I may not agree on an immediate bullrun but the possibility is good. We all might have heard how many of our fellow investors suffered loses during those times when market was not so favorable. While bitcoin usage keeps increasing I think SEC will eventually accept such change so as to give better opportunities for bitcoin market.

[tigerkings]

Does anyone read the news? Van Eck has already pulled out their application and withdrawn everything because of the ongoing partial shutdown of the US government.

https://www.sec.gov/rules/sro/cboebzx/2019/34-84988.pdf

Go to 11:00 minute mark and listen to Van Eck:

https://www.c[Suspicious link removed]m/video/2019/01/23/etf-edge-show-january-23-2019.html

Take note that the withdrawal is just temporary. Its just that were going to need to wait for a while for it to be back

[gentlemand]

Does anyone read the news?

It looks like most people writing on here don't understand a word of English so probably not.

However as above it's not a refusal. It's a withdrawal brought on by the shutdown. Looks like they've decided not to waste their time while things are as they are.

https://www.coindesk.com/cboe-withdraws-proposal-for-vaneck-solidx-bitcoin-etf

“We were engaged in discussions with the SEC about the bitcoin-related issues, custody, market manipulation, prices, and that had to stop. And so, instead of trying to slip through or something, we just had the application pulled and we will re-file when the SEC gets going again,”

I presume that means endless months of deferrals again before the eventual proper refusal.

[peter0425]

Does anyone read the news?

It looks like most people writing on here don't understand a word of English so probably not.

However as above it's not a refusal. It's a withdrawal brought on by the shutdown. Looks like they've decided not to waste their time while things are as they are.

https://www.coindesk.com/cboe-withdraws-proposal-for-vaneck-solidx-bitcoin-etf

“We were engaged in discussions with the SEC about the bitcoin-related issues, custody, market manipulation, prices, and that had to stop. And so, instead of trying to slip through or something, we just had the application pulled and we will re-file when the SEC gets going again,”

I presume that means endless months of deferrals again before the eventual proper refusal.

Yep, I forgot to mentioned it though, so I do hope it's clear by now that this is not a outright refusal on SEC's part. Van Eck just withdraw it, so we don't know what will be the outcome, so we with to stay glued on this news again.

[telexnetwork]

here is the latest news about  ETF  https://news.bitcoin.com/sec-filing-vaneck-solidx-bitcoin-etf-withdrawn/

[denzkilim]

If Sec accept Bitcoin ETF , we can expect the huge bull run for the market .
What do you think ? Will Sec accept bitcoin ETF ?

I think you don't know much about Crypto Currencies and what Crypto Currencies are, even if the Securities and Exchange Comission approves the Bitcoin ETF there is no assurance that Bitcoin will make a huge move or a bull run will occur because Crypto Currencies like Bitcoin are decentralize and no one or nobody controls it. Even if there are a lot of positive news about Bitcoin there will still no assurance that the price will rise and no one knows exeactly when will the price of Bitcoin rises again just like the huge move in 2017.

no, SEC will most probably reject this ETF and any new ETF in the near future for about a year or two and will not change their stance against bitcoin and its ETFs anytime soon.

and no even if they approve this ETF there will not be any "big" bull runs because you can not change the trend with a simple news. what you can do is that the news can speed up the process. for example now we are in a fixed trend of accumulation then soon after a small rise followed by testing of resistance. and then we have bull run if the resistance is broken.
what positive news can do at this point is that it can speed up the accumulation to reach its end and the "small" rise to begin.

I agree with you, I do think that the SEC will not accept any Bitcoin ETF's as long that there are manipulations that are happening which they have a solid grounds to oppose the approval of Bitcoin's ETF. Even if SEC approves or not approve the ETF proposals for Bitcoin, Bitcoin will still continue and just like the past 10 years of its existence.

[killat]

If SEC will approve Bitcoin ETF, this might be a good sign for a bullish trend change. Otherwise, I'm afraid the long bearish period will continue for the next few months at least.

[mirakal]

If SEC will approve Bitcoin ETF, this might be a good sign for a bullish trend change.

Hopefully, there is no greater news to expect now than that one.

Otherwise, I'm afraid the long bearish period will continue for the next few months at least.

If the other way around, I think there will be no more dumping, the negative side has already effected the price in the past, particularly in 2018.
So, if there's a big changes, it should be the approval and if that will happen early, it would make the price to recover early as well.

[ribowo76]

For me personally, it's hard to know. Will the SEC approve the ETF or not. But I have confidence, someday the SEC will definitely approve. And if the SEC agrees, I believe. That this, little or no, will definitely have a positive impact on the market. Because in my opinion, it will further widen the road, on the adoption process globally

[Barcode_]

today again ETF is cancel but the fact is that bitcoin on this news did not go to the bottom to update the minimum

To be honest, I am quite surprised that the price of bitcoin did not drop by a huge amount after the bitcoin ETF proposal submitted by VanEck and SolidX was withdrawn. Hopefully we will not see the price of bitcoin dropping in the next few days as I am afraid it will cause another waves of panic selling on the crypto-currencies trading market.

[Baofeng]

today again ETF is cancel but the fact is that bitcoin on this news did not go to the bottom to update the minimum

To be honest, I am quite surprised that the price of bitcoin did not drop by a huge amount after the bitcoin ETF proposal submitted by VanEck and SolidX was withdrawn. Hopefully we will not see the price of bitcoin dropping in the next few days as I am afraid it will cause another waves of panic selling on the crypto-currencies trading market.

Maybe there's a lot of people haven't heard the news yet, or just the people grow tired of this whole Bitcoin ETF and get out of the market when the price plummets to its all time low.

So let's see in the next couple of days once the news sinks in. Everyone was hoping for a positive outcome and even calling it the catalyst for the next bull run. But its not the end of the road, as mentioned it was just a withdrawal and proposals will be submitted when the dust settled in the following months.

[Spider A4]

If Sec accept Bitcoin ETF , we can expect the huge bull run for the market .
What do you think ? Will Sec accept bitcoin ETF ?

If SEC accept Bitcoin i don't think bull run must be happened. I know SEC rejected ETF 9 proposal but ETF is the great innovation to build sustainable market for the future generation definitely will get advantages.

[kickdapa]

I don't think SEC will approve Bitcoin ETF at this moment. Because Everybody does know that bitcoin is too much volatile, Even Bitcoin's price can't stand high for more than one month! I don't know why SEC rejected bitcoin every time, but Volatile can be a reason!

[Pab]

Read about Bakkt
It is much more then ETF
Bakkt doesn't need Sec approval CFTC approval will be enough
It looks like that with Bakkt will be also possible to create ETF
I am posting article below it is really eyes opening

http://fortune.com/2019/01/14/bakkt-acquisition-consumer-payments/

[KingScorpio]

Why Is a Bitcoin ETF Such a Big Deal?

https://coincodex.com/article/2945/why-is-a-bitcoin-etf-such-a-big-deal/

because it is being used to get attention

[goldexp83]

it will take time, its been already 6 years since the Winklewoss has submitted the first ETF

but as long as we do progress and regulate the market, eventually the SEC will approve it

but I think we don’t have a focus on that, real adoption its much more important

[reality18]

Despite the past decline of Bitcoin ETF by SEC, Bitcoin seems to be strong and never dying off on the market. This shows that if all investors and crypto community put extra effort and positive attitude, Bitcoin can rise with or without the acceptance of Bitcoin ETF by SEC. However, SEC will accept Bitcoin ETF one day as cryptocurrency grows in adoption.

[gentlemand]

So it looks like the clock has been reset for their application.

https://www.blockonedaily.com/vaneck-and-solidx-re-files-bitcoin-etf-application/

I'd prefer it if this plaster was ripped off now rather than peeled pore by pore. Perhaps the SEC won't procrastinate this time considering they were on the verge of having to deliver a verdict before the shut down.

[Pab]

So it looks like the clock has been reset for their application.

https://www.blockonedaily.com/vaneck-and-solidx-re-files-bitcoin-etf-application/

I'd prefer it if this plaster was ripped off now rather than peeled pore by pore. Perhaps the SEC won't procrastinate this time considering they were on the verge of having to deliver a verdict before the shut down.

It looks like new deadline will be October planty of time
I follow very good US lawyer on Twitter he told that new proposal is much better then previous one and has more chance to be approved
But first will be Fidelity and Bakkt
Both together will be much more then ETF
Also USA is not only one place of the world where bitcoin EFT can be approved