9 More ETFs After November 5th What To Expect
Come November 5th just 3 days from now the SEC will review another 9 BTC ETFs.
Our last round of ETFs ended up in rejections due to manipulation and fraud. This was back in September when ETFs where rejected. But this time around might/maybe be different and here is why.
The SEC while not all where objecting to it ended up going through with a rejection based on the top. But over the last few months we have seen that bitcoin has become even more stable then stock markets as the world took a bit shock in the last few days with most stock plummeting down 20% on overbuying.
Also come December 14th the NYSE is said to be announcing the ability to have bitcoin ETF or a way to buy bitcoin through the stock market. With such a big announcement its almost sure that some of the ETFs are going to start to pass and gear up for last 2018 early 2019 pumps.
I still have a feeling these core 9 will be rejected however for now due to not the right timing and the SEC firm stance on saying manipulation is at the core of bitcoin.
I think the SEC will again delay the decision to analyze the upcoming Bakkt exchange market as it will be the first of its kind to settle in the actual asset instead of cash. It that goes well, I feel that the SEC while setting some requirements will approve a couple of the ETFs in 2019.
With you on this one I see these all getting rejected again. I believe the first will be the NYSE on Dec. 14th and 2019 will be opening up everything else
I’m almost glad bitcoin is so manipulated, though I do find it frustrating mostly. It’s just nice to have more time to buy it at these prices is all. Same goes for STEEM.
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true true I got plans to get to 50k steam by years end ;)
Maybe one will push through!
They may get rejected but 1 may come back and get approved at a later date. Lets hope it is before the end of the year and cause prices to start going up.