The Bitcoin ETF’s followed us for years now. Again and again, there was speculation that he could be the “Game Changer” for the industry and mass adaptation create. But none of it has come true so far. This is because the SEC has still not made any of the many proposals for a BTC ETF is waved through and out again and again for the same reasons: the Bitcoin market is manipulated. But he can reach without further financial products ever enough size, in order to reduce the manipulation? BTC needs to rise only to USD 150,000, in order to reach a market that is large enough for an ETF?
Contents
Bitcoin ETF of Bitwise and NYSE Arca in the Review
As we are in October, dismissed the Bitcoin ETF application by Bitwise in the Review is already know. One of the most promising approaches, and a company that has fought to the last with no holds barred, to force to finally make a decision. A battle could be worth it possibly, but probably a long time will drag on.A new message of the five commissioners have now given a small Update and the Review process again publicly confirmed. Up to the age of 18. December can now be public comments incorporated.
“Accordingly, it is arranged according to the rules of procedure 431 of the Commission, each party or other Person up to 18. December 2019, may submit a Declaration in support of or to object to the claims.Further, it is arranged that the decision to reject the proposed rule change SR-NYSEArca-2019-01, remains up for Review by the Commission.“
And daily greets as SEC…
That the world will not wait indefinitely for a Bitcoin ETF, shows the current increase in institutional interest in the other Bitcoin financial products. In addition, other new products with the BTC options already in the starting holes, which will be in December at Bakkt or in January at the CME for further speculation on Bitcoin.
Bakkt and the institutional interest in Bitcoin
Bakkt is already since October in a strong updraft, and it can always inspire more customers for his “real” Bitcoin Futures, and rocket of a new daily volume record to the next. However, one must also say that Bakkt wants to offer with his step now cash covered BTC Futures and options. That’s not knocking just to much love from the Community. The customer is happy, it is all the more so, because here it is many not to the Bitcoin but the speculation itself, but that’s another story.Bitcoin derivatives with up to 100x to act and sign-up bonus secure. Sign up today for free on Bybit, and secure you a Deposit bonus of up to $ 130. Take part in the largest Trading competition with up to 100 BTC in the prize pool. The registration takes 5 minutes and you can bet on rising and falling prices. Most Bybit today and see for yourself! Sign up now for free
Need BTC to reach only us $ 150,000 for the release of a Bitcoin ETF?
While one or the other Bitcoin HODLer died several deaths, because he is waiting on the Bitcoin ETF, there are also supporters of the decision by the SEC. Thomas Lee, Co believes-Founder of the Fund, entered Global Advisors, the SEC even makes a very good Job.
Might be an unpopular opinion, but we believe that the SEC makes your work pretty well.
In a Bloomberg Interview, he even says that the Crypto-market with a volume of approximately 200 billion US dollars is much too small. The Bitcoin would have to reach a price of around 150,000 USD before it will come for the SEC to make a decision.Right here, I see the Problem: Can rise of the Bitcoin exchange rate on us $ 150,000 without a Bitcoin ETF? Can be the size of the market manipulation safe without more money and volume in the market? If Yes, where will come the money? I don’t think we necessarily need a Bitcoin ETF, but it is an important step for further investments, it would certainly be, if we think of the course. My Opinion.Bitcoin ETF: Yes or no? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News. [Image Source: Shutterstock]