BTC Possible Approval of ETF, SKY is the Limit. T.OFF
Updated
The same behavior of gold, where prices boomed after the introduction of the ETF investment opportunity.
For institutional money, buying into an ETF would mean not having to deal with technicalities and exchanges.
Gold ETFs hold the physical metal, and hence have increased demand for spot gold and boosted prices...
If the approval for a Bitcoin exchange-traded fund succeed, the cryptocurrency market could potentially experience a never-before-seen influx of capital as institutional capital, speed traders, and accredited investors move into the crypto space for the first time.
Even if the approval does not happen, speculation and therefore volume should keep growing until the decision.
The Bitcoin ETF proposal, submitted as “Notice of Filing of Proposed Rule Change to List and Trade Shares of SolidX Bitcoin Shares Issued by the VanEck SolidX Bitcoin Trust” on June 26, is currently under consideration by the US Securities and Exchange Commission.
A decision from the SEC regarding the filing is likely to occur near August 10 - 16 — the submission of a filing to the SEC is followed by the publishing of a notice in the Federal Register, which occurred on July 2. The SEC typically has 45 days to make a ruling on a proposed rule change, which would leave the final date for a decision on Bitcoin ETFs as halfway through August.
What do you think about it? Will it be approved?
Any Ideas?
Stay Tuned.
Good Luck and Good Profit
M.W.
For institutional money, buying into an ETF would mean not having to deal with technicalities and exchanges.
Gold ETFs hold the physical metal, and hence have increased demand for spot gold and boosted prices...
If the approval for a Bitcoin exchange-traded fund succeed, the cryptocurrency market could potentially experience a never-before-seen influx of capital as institutional capital, speed traders, and accredited investors move into the crypto space for the first time.
Even if the approval does not happen, speculation and therefore volume should keep growing until the decision.
The Bitcoin ETF proposal, submitted as “Notice of Filing of Proposed Rule Change to List and Trade Shares of SolidX Bitcoin Shares Issued by the VanEck SolidX Bitcoin Trust” on June 26, is currently under consideration by the US Securities and Exchange Commission.
A decision from the SEC regarding the filing is likely to occur near August 10 - 16 — the submission of a filing to the SEC is followed by the publishing of a notice in the Federal Register, which occurred on July 2. The SEC typically has 45 days to make a ruling on a proposed rule change, which would leave the final date for a decision on Bitcoin ETFs as halfway through August.
What do you think about it? Will it be approved?
Any Ideas?
Stay Tuned.
Good Luck and Good Profit
M.W.
Note
Correction on the Chart - Date Should be 10th August.Note
- Impossible to travel with gold bars;- opening a foreign bank account is a difficult task that can take months;
-will never be peaceful leaving your gold bars in your safe.
With #bitcoin all you need is to hide your private keys.
Will #btc replace Gold?
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SAMSUNG STORES - Baltic States (Europe) - Will AccepT (#BTC), (#DASH), (#XEM), (#STEEM), (#XRP), (#LTC), and (#ETH).Samsung is truly embracing its slogan to “Turn on Future” by accepting seven different cryptocurrencies.
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That means- Those cryptocurrencies were chosen for the company. Could be a good idea to take a look at them.
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Another interesting News to think about.Some say, crypto wealth could be having a real impact on global real estate patterns.
coindesk.com/china-bitcoin-crypto-millionaire-real-estate/
What do you Think?
Note
Great Opportunity for those with Crypto skillsBlockchain Challenge for Aviation by Lufthansa !!
Many prizes!!
Sign Up=> aviation-blockchain-challenge.com
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The Average Daily Volume of Bitcoin Futures on the Chicago Mercantile Exchange increased by a whopping 93 percent in the second quarter against the first quarter of 2018.twitter.com/CMEGroup/status/1020314761479770112
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Bank of England says payments system can serve blockchain usersreuters.com/article/us-boe-blockchain-payments/bank-of-england-says-payments-system-can-serve-blockchain-users-idUSKBN1KD2AM
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more ETFs coming...coindesk.com/bitwise-proposes-etf-for-top-10-cryptos/
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Canada and Sweden could be ahead of USA for Crypto ETF/ETNETF- Door is open in Canada to launch a Bitcoin ETF- before facing any U.S. competition.
ETNs - Door is open on Sweden.
Evolve Bitcoin ETF (BITS) Filed three months ago, it would track Bitcoin futures. ETNs are unsecured debt obligations.
Note
BTC - ETF - by brothers and co-investors Tyler and Cameron Winklevoss, had been rejected.But, ETF by investment firm VanEck and financial service company SolidX, which has triggered a wide discussion, is a different one.
TELEGRAM FREE: t.me/mwntpp
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