Quote from: JRMtrader on July 13, 2018, 02:13:24 PM

We have Bitcoin testing its bottom for the third time, Coinbase adding Custody, South Korea flipping for the 10th time allowing and regulating cryptocurrencies, and the $4 billion dollar EOS raise finally finishing its Ethereum dump on the marketplace. Bitcoins next run will go further and happen quicker than people realize.

In the news, we have Europes largest trader of exchange-traded funds is moving into crypto and the CBOE applying for a Bitcoin ETF again. August 10th is the date to watch for the approval or disapproval of the ETF. Even if it gets rejected like the other times, it will provide clarity as to what is needed to approve one.

We discuss the latest news and give our insights as a mix of traders from firms such as JP Morgan. Give the latest episode a listen!

I believe that we need ETF or just approval of it since there is lack of liquidity in market, this is why we can see these breakouts in btc and fast dumps - the sell and buy walls are easy to go through and market is being manipulated.

As i understand this time the proposal has a higher chance to go through because it is made for institutional investors which SEC could like.