What are the chances of a Bitcoin ETF to be approved? The entire industry believes it will happen on August 10 (or 40 days later if delayed) but we’re playing a dangerous game believing in it so hard. If it will be rejected, prices will tank once again. We live on hope right now. Opinion in the industry: 65%-90% of the people believe it will be approved. I personally think there are too many reasons why the SEC will not approve it: market manipulation, scams, unregulated market, too small market cap,… I think they won’t take a risk. Let’s be careful with our optimism on this topic.

#bitcoin #cryptocurrencies

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28 COMMENTS

  1. i am not exactly sure about ETF but i'm into investing in something. saw ORCA is dropping their ICO soon and have a bonus for whitelisters, anyone might have an opinion on them? would appreciate

  2. Really dude???? DOJ investigating market manipulation and u think with ongoing investigation there can be ETF??? Get a grip and do read vinklevos decline reasons which 2 major where market manipulation and markets unregulated!!!!! No etf until 2020

  3. I heard the coming ETF approval for CBOE is not for regular market. It’s for the OTC market. Therefore the rules that were applied for Winklevoss’ ETF would be different

  4. Oouuh I didn't expect you to be that negative on this subject, not the kind of Quinten I'm used to 😛 As for me, I think this ETF has the most chance of approval at the moment, but I'm not gonna put it in percentages… Or let's say 50/50. I agree with you on the fact that when it doesn't get approved, we might see a major dump again, which kind of scares me.

  5. I'm about 80% sure the BTC ETF will be approved. If they reject it it won't be because of volatility. There are 3X leveraged ETFs that are just as volatile (if not more) than BTC. For example, the junior gold miners JNUG swings an average of 5-10% daily.

    Wall Street wants the ETF. The amount of money that will leave cash and enter crypto securities is massive, and they want the largest piece of it.

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