Quote from: MingLee on April 27, 2017, 11:23:06 PM

Quote from: eight888 on April 27, 2017, 01:34:35 AM

Bitcoin is getting reconsidered once again do you think its going to get approved or denied? Approval does it mean BTC rockets up ? Denial does it mean it takes a dump like in March? May 15th is the last day of approval.

I never got a chance to pay much attention to the first round of the ETF approval, but if I remember correctly they thought about it and then firmly rejected it. I don't think they're interested in letting it through, especially since it means that the SEC is permitting companies to make money outside of the "traditional" markets and, somewhat by extension, concede that Bitcoin is something people can make money from.
There might also be a lot, and by a lot I mean too much, money for an ETF to make in Bitcoin, and the SEC likely knows this.
If I get the opportunity then I might invest, but that hinges on this actually being a thing.

Their are lot of things to be done before getting approval of SEC to add bitcoin in ETF, this is just creating a rumour like last time and the market is reacting according to it, i think very soon we might see the price crashing.