Another Bitcoin ETF Denied by SEC and One More To Go

in bitcoin •  8 years ago 

The most famous and most possible to approve ETF for Bitcoin was the famous Winklevoss one.
I had been writing about it long ago, we even made prediction market for it on Bitshares network.

Today another ETF was denied - SolidX

SLDX Info

They wanted to make a Bitcoin Trust Fund but were denied. They have a BTC app called Vida which lets you identify on blockchain.

Whole Text - https://www.sec.gov/rules/sro/nysearca/2017/34-80319.pdf

One more ETF Decision coming

There is 3rd ETF decision to be announced but we mostly already know the outcome. Unlike others the company plans to also make Ethereum ETF.

Bitcoin Price

Even Winklevoss ETF dumped price just for short time and with todays decision BTCs price didnt really change.

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I wonder how much money these companies have spent trying to get this through.

It will not be long ... one of the issues, as I see it, is the lack of risk management and the relatively huge variations in market value. Were there a better set of exotics around cryptocurrencies which could be relied upon, then there should be a better chance of getting approved.
Development of product suite and the proliferation of spending outlets seem key criteria.
I was hoping to interest you in a discussion I am having with BOSCoin. Any thoughts?

Nice Post

Useful post. Against the background of a big game, small games are not always successful. And who sets the rules and does the weather? We can not see them ...

Hey @kingscrown! Excellent post, thank you.

tricky little bastards

The sad story, you may need to try again. @kingscrown :)

I am so completely shocked!

nice post :)

iflwunow

well,nice post

  ·  8 years ago Reveal Comment