Quote from: 1Referee on April 25, 2017, 10:21:43 PM

Quote from: Baofeng on April 25, 2017, 07:26:05 PM

Does this move means another positive news for bitcoin ecosystem? Any impact on the market price?

I believed that SEC decision regarding the ETF is final. I don't know why are they making another review. They just granted a review nothing more. They will not suddenly make a U-turn and change the decision they handled last March.

It is final and will have zero impact on the price.

I see this as a completely nonsense move as it is nothing more than a waste of time for all parties involved. In order to see the chances of getting the Winklevoss ETF approved increase, they need to properly insure their entire fund holdings. It's something that the SolidX ETF did somewhat take care of as their fund holdings were insured up to an amount of $125 million, while their ETF offering value was just a poor $1 million. Major negative aspect to their insurance was that they couldn't properly explain how they planned to insure everything. If you don't know what you're talking about, how do you expect the SEC to take you seriously? Especially with such an insignificant amount (in comparison to the ETF from the twins) of money. They must have thought that it was an early April fools joke.

Maybe there were agreements about which no one knows. Big whales did not agree and everything went wrong as planned. I think the brothers were denied, but maybe in the future the decision will be changed