Kargai 337 #1 Posted September 21, 2018 The ETF (Bitcoin Exchange Traded Fund) were suppose to be launch in august by VanEck and SolidX but the SEC delayed them for a month. Now they are postponing the process again because the "need more time to consider more input to help it arrive at a decision on the matter". For those who don't know an ETF is contract you sign and a way for investors to effectively invest in bitcoin without actually holding the asset. That could have a big impact on the prices since (like for gold or silver) they could have more "paper bitcoin" that actual mined BTC, the price could change a lot depending on that. Source :https://bitcoinmagazine.com/articles/vanecksolidx-etfs-delayed-again-sec-seeks-comment-fund-proposal/ Some people were waiting with impatience the ETF to bet on a higher (or not) BTC price, seem they'll have to be more patient. Quote Share this post Link to post Share on other sites
UltraChief 1,489 #2 Posted September 22, 2018 12 hours ago, Kargai said: "need more time to consider more input to help it arrive at a decision on the matter". The diplomatic methods of saying No to someone is several one of them being delay. This is what the SEC is doing. They dont want to become the target for the public who is in demand on the ETF but delay them. Fortunately the market has become resistant and its green even after this news. Lets see if at all anything happens in February net year or if they keep getting delayed. Quote Share this post Link to post Share on other sites
Kargai 337 #3 Posted September 22, 2018 Yes I believe the good news in all those FUD everywhere is that the market show some strong resistance level that seem very hard to break. Meaning enough people believe in it and it will be hard to make the market totally crash. That don't say when the market will rise again (could take months or years) but I have more confidence today than 6 months ago tbh. Quote Share this post Link to post Share on other sites
