[2018-11-08]US SEC Not Ready to Come Out Soon With Final Bitcoin ETF Decision

[Vladdirescu87]

Lawyer Jake Chervinsky tweeted about the recent rejection of nine Bitcoin (BTC) ETFs by the US SEC and said it would probably be done next month. Ran NeuNer earlier falsely revealed that the authority was to call BTC ETFs by Mon Nov 5, 2018.

The deadline for the public to submit statements was November 5, as Jake tweeted, such that the SEC would have enough time to revise the previously rejected BTC ETFs before making the final awaited decision.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/final-bitcoin-etf-decision/

[cr1776]

... Ran NeuNer earlier falsely revealed that the authority was to call BTC ETFs by Mon Nov 5, 2018.

The deadline for the public to submit statements was November 5, as Jake tweeted, such that the SEC would have enough time to revise the previously rejected BTC ETFs before making the final awaited decision.
...
Regardless of the 99% in favor from the reporting mass, the US SEC once more suspended the decision on BTC ETFs in September 2018.
...

Care to rephrase this in english?  It sounds like machine translation or machine generated text. 

[DooMAD]

In other revelatory news, water is wet.  

I'd be surprised if they gave the thumbs up for an ETF before 2020 at this rate.  The establishment clearly aren't ready for us yet.  And I'm okay with that, because I'd rather see greater numbers of real people adopting Bitcoin before the floodgates open and the traditional finance parasites all invade at once.  That way, when ETFs are eventually approved, it'll be more difficult for the so-called "market makers" to manipulate volume and price.

Care to rephrase this in english?  It sounds like machine translation or machine generated text.  

There has been a noticeable decline in grammar with a few of their articles lately.  More proofreading required, perhaps.

[Kakmakr]

In other revelatory news, water is wet.  

I'd be surprised if they gave the thumbs up for an ETF before 2020 at this rate.  The establishment clearly aren't ready for us yet.  And I'm okay with that, because I'd rather see greater numbers of real people adopting Bitcoin before the floodgates open and the traditional finance parasites all invade at once.  That way, when ETFs are eventually approved, it'll be more difficult for the so-called "market makers" to manipulate volume and price.

Care to rephrase this in english?  It sounds like machine translation or machine generated text.  

There has been a noticeable decline in grammar with a few of their articles lately.  More proofreading required, perhaps.

I am with you on that, but I think they have some ulterior motives with the delay. They need a solid excuse to stop further applications, because with every rejection, applicants change their submission slightly and re-apply.

It is a well known fact that government red tape takes years to catch up to new innovation and I believe this is one of those cases where they have to do proper research before they can make the final decision or to come up with a good excuse to stop it. 

[Slow death]

Lawyer Jake Chervinsky tweeted about the recent rejection of nine Bitcoin (BTC) ETFs by the US SEC and said it would probably be done next month.

It may be that they really decide this month or the next month or even next year, as they did not tell the exact date to have decided, it gets a big suspense

Ran NeuNer earlier falsely revealed that the authority was to call BTC ETFs by Mon Nov 5, 2018.

This was a mistake, I also thought that they would decide on November 5th, but then I realized that it was not a decision day

as Jake tweeted, such that the SEC would have enough time to revise the previously rejected BTC ETFs before making the final awaited decision.

Why the hell do they take so long?

[BitHodler]

as Jake tweeted, such that the SEC would have enough time to revise the previously rejected BTC ETFs before making the final awaited decision.

Why the hell do they take so long?

It's the easiest way out. Rejection means they'll be subject to a whole lot of trash talk and drama, especially with how they according to the public are anti Bitcoin and crypto currencies, which they don't plan to fuel unnecessarily.

If you keep delaying these ETFs the public remains calm hoping for an approval next time, which obviously won't happen, but the hope is still there. People always think the next time will be different.

On the other hand, if these news outlets for once stop rehashing these nonsensical articles, people will slowly but surely forget about them. Remember the WV ETF? It suddenly came back to life after months of silence.

[LeGaulois]

In other revelatory news, water is wet.  

I'd be surprised if they gave the thumbs up for an ETF before 2020 at this rate.  The establishment clearly aren't ready for us yet.  And I'm okay with that, because I'd rather see greater numbers of real people adopting Bitcoin before the floodgates open and the traditional finance parasites all invade at once.  That way, when ETFs are eventually approved, it'll be more difficult for the so-called "market makers" to manipulate volume and price.

Care to rephrase this in english?  It sounds like machine translation or machine generated text.  

There has been a noticeable decline in grammar with a few of their articles lately.  More proofreading required, perhaps.

Same here, It isn't something I am in hurry to see, I prefer to see the adoption than a decision from them. Even if an ETF is approved within 2 years it won't help much the Bitcoin market. Perhaps with fresh money injected but the average Joe isn't using it still, and that's what creates an economy.