On today’s episode of The Cryptoverse I would like to do what many of you tell me I do best which is to soothe your anxiety about the latest round of Bitcoin ETF proposal rejections.
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https://www.cryptoglobe.com/latest/2018/08/bitcoin-etf-decision-behind-large-number-of-short-sells-analysts-believe/
https://www.sec.gov/rules/sro/nysearca/2018/34-83904.pdf
https://www.sec.gov/rules/sro/nysearca/2018/34-83912.pdf
https://www.sec.gov/rules/sro/cboebzx/2018/34-83913.pdf
https://www.coindesk.com/sec-rejects-7-bitcoin-etf-proposals/
https://bitsonline.com/sec-rejections-bitcoin-etf/
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Truly not surprising although as you state, it was jibd of ironic they voiced concern on manipulation given the trading in other commodities. I would also point out how they have failed to control insider trading despite decades of regulation. However, I think it would actually be better for an ETF have a direct tie with the actual underlying asset instead of using futures no avoid any fractional reserving and the issue than may cause.
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Didn't know they were based on futures contracts. It's a good thing these were rejected. Also, this news was priced in. Everyone knew this was coming since the rejection of the Winklevoss ETF. There was no reason not to apply their reasoning for rejection then to these other applications.
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Your enthusiasm at the start of the video helps during these times. I have no worries and appreciate the info!! 😁
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Good point that the price has been stable through all the FUD. I hope it stays that way.
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we are already lost tomuch money in the bitcoin system they need to fixe it and give us our money back
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that was a great content
this is so nice of you to sharing this valuable informations
hello I have upvoted you
can you please Resteem my post, as of my low steem power I can't bring light to it. so its a humble request to you to bring some light on it
https://steemit.com/crypto/@striker91/tron-founder-congratulate-it-s-representative-in-twitter
thank you
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@marketingmonk maybe something will change
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