Crypto News Flash #235: Pro Shares Bitcoin ETF's Decision Is Going To Be Announced By Thursday | A Big Move Is Expected In The Market
Bitcoin's ETF has become a true catalyst for crypto market these days. People are waiting for Bitcoin's ETF approval or disapproval to make their trading positions in the market. Last month, SEC rejected Winklevoss twins ETF's and market reacted to it pretty badly and later SEC delayed the decision of CBOE's ETF and again market tumbled because of the delay.
It seems Bitcoin's ETF's decision has the power to move the market whether upside or downside and very soon as news is coming which holds the power to move the market pretty significantly.
SEC has to pass a decision on another Bitcoin ETF's on 23rd August. Although, the decision can be on either side so there's a huge speculation going on in the market right now. These Bitcoin ETF's are from Proshares Bitcoin ETF.
Proshares ETF's are due for approval since December 2017 where they got pinned in between Bitcoin's future's approval. But now the decision has come due on proshares ETF and thursday is the deadline for these ETF's approval.
Now, the market is trading around very crucial levels and a decision like this, will have the power to change the market because of very abnormal stability in the market right now.
So, let's see how market reacts in coming few hours.
Thanks for reading...!!
So, we are waiting :)
if this happen....??????
really need a big move