sec consider new bitcoin and ethereum ETF

[Lucius]

The fact is that every ETF application has a period of 240 days in which SEC three times makes a decision on acceptance / prolonging at the next deadline / or final rejection. Only bitcoin ETFs who have some chance to get green light in this year are VanEck&SolidX&Cboe BZX and they start date is Fabruary 13. Other ETF is from Bitwise Investment Management&NYSE Arca which is published two days later.

As far I know only ETF that would make sense is from VanEck&SolidX which is physically based ETF, which means that shares are backed with real bitcoin. Others ETFs are only based on futures trading and some other options, so they should not over-influence the market.

[Pursuer]

last time I heard about ethereum ETF on one of these news sites, it turned out to be a scam by the ETH pumpers trying to pump their bags of coin thinking if they pay the news sites to hype it in the news they can get some momentum out of it and get a nice pump. if I am not mistaken right after that "news" the price of it fell down from $500 to $380ish and they failed at their pump attempt.

[klaaas]

Even the bad news will not stop the bull run, Binance hack which is a big bad news did not affect the market.

It feels like the last years users of exchanges took in account events like this could happen. Shows also how big bitcoin has become.

Long or short ETFs will be fired until 1 get approved.