BTC getting approved as an ETF?

[kc]

On the 10th/11th March we should have an answer if BTC will become at ETF, which would allow people to buy BTC like any other common stock. It's speculated that there is a 50/50 chance. If it gets approved it will rocket in price, well at least for a short period of time (I hope).

What do you guys think, do you reckon it will get approved? If so, have you or will you invest more into BTC before the 10th/11th or do you not think it's worth the risk?

More info - Bitcoin May Go Boom: A Guide to This Week's Big SEC Decision

 

[NikkiieLouu]

It's a gamblers dream.
Personally I'm a bit too reserved and careful with money to risk it being rejected, which may see a slight dip in BTC.

In short, I have mouths to feed and can't afford to gamble - although I wish I could!!

 

[kc]

It's a gamblers dream.
Personally I'm a bit too reserved and careful with money to risk it being rejected, which may see a slight dip in BTC.

In short, I have mouths to feed and can't afford to gamble - although I wish I could!!

Yeah. We will just have to wait and see. Tbh, there isn't even any guarantee it will rise even if it does get approved.

 

Looks like it was rejected. BTC dropped like $150 in an hour? yikes

 

[Pain]

It got rejected its going to tank.

 

[harry1111]

https://www.sec.gov/rules/sro/batsbzx/2017/34-80206.pdf

 

[NikkiieLouu]

Well I didn't see the rejection coming.

 

it didn't tank

 

[kc]

Disappointing that it did not get approved. I don't think it will tank though.

We still have hope though! "There are still two other ETF proposals pending before the SEC, and there are significant differences that might allow either one to succeed...".

 

[GP Prince]

It got rejected its going to tank.

Hardly. We saw an extremely brief dip below $1000 and a bull climb back up to ~$1,160-1,170. However, prior to the ETF decision we were sitting at a pretty ~1,250. The market is steady today, and so the demand is there. I expect it will take a month to get back up to $1,250

 

Hardly. We saw an extremely brief dip below $1000 and a bull climb back up to ~$1,160-1,170. However, prior to the ETF decision we were sitting at a pretty ~1,250. The market is steady today, and so the demand is there. I expect it will take a month to get back up to $1,250

It was up at $1250 again today

 

[GP Prince]

It was up at $1250 again today

Yeah I saw that. That proves we have a very strong market. There's a lot of demand for coins

 

[kc]

ETH is up to $23+.