Bitcoin ETF: SEC Receives 84% Negative Feedback on Application

[shesheboy]

this is not the first time that ethics has been rejected, because it was previously rejected. in my opinion there is also a big scenario behind it, but I'm sure they will be pushed and will accept it later

What ethics ?  You mean etf ?  No it wasnt rejected before but they only cancelled it . maybe your right , there might be a big reason behind this rejection but i also agree that they might accept bitcoin later on because bitcoin is still growing and they dont want to be left behind  among other institutions that are already teamed up  with bitcoin  .

Something I have noticed is the fact that there is less talk about ETF even on this forum, meanwhile Cryptos adoption is growing gradually ,It is better we have adoption driven by retail adoption than by some etf.

You arent alone with that because that is also what i notice . etf hype have subsided for a while because people do also got bored about their false promises  .  bitcoin is still growing on its own which is a good thing because the growth is natural  . we can say  that bitcoin can live on its own and how much more if etf is accepted ?  The rise can grow more evenly  .

[1715225579]

1715225579

[1715225579]

1715225579

[1715225579]

1715225579

[marcelocoin]

I honestly say bitcoin and altcoins never needed an ETF, but I do know that it is good for everyone in a way, but bitcoin is there, with or without ETF!

[South Park]

There was a time in which people were very excited about the possibility about this been approved, but that is no longer the case, the SEC has rejected so many applications that most people have given up the hope that we are going to see a bitcoin ETF anytime soon, in fact it is very likely that if in the future the SEC finally decides to approve an ETF that people are not going to even notice and the impact on the price is going to be minimal.

[fabiorem]

That's good news.

Maybe SEC and BAKKT were the reason why the chinese turned off their machines in November, causing this dive to the 3k levels. With these instruments (and also CBOE futures) removed, they can turn on their machines, and we will be back on track.

[exstasie]

That's good news.

Yep, it means the ETF hype is officially dead. That's the type of sentiment I like to see to indicate we're near the end of the bear market.

Maybe SEC and BAKKT were the reason why the chinese turned off their machines in November, causing this dive to the 3k levels.

I think hash rate was just following price. Bitmain did divert some hash power to the BSV/BCH split but miners were mainly shutting down because the price crashed.

[tippytoes]

There was a time in which people were very excited about the possibility about this been approved, but that is no longer the case, the SEC has rejected so many applications that most people have given up the hope that we are going to see a bitcoin ETF anytime soon, in fact it is very likely that if in the future the SEC finally decides to approve an ETF that people are not going to even notice and the impact on the price is going to be minimal.

People are already tired of waiting so they decided to stop playing games with them. The continuity of bitcoin usage will always be here no matter what. And with or without ETF, big companies are still pursuing their blockchain projects and so with the increasing number of crypto users. I believe that is more important for the time being.