Bitcoin ETF fate is finally going to be decided on August 10. Currently, SEC is asking for comments on the listing and trading of Bitcoin ETF introduced by VanEck SolidX Bitcoin Trust that will be catering to only accredited investors.
The proposed date by SEC to give its decision is August 10 that by extension will also decide the fate of cryptocurrencies and if trillion dollar funds will finally pour in the crypto market.
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https://bit.ly/2N8SCPZWell its only a couple of days before the final decision. is anyone nervous about it?
It might be a good catalyst for a bull run but I don't think that trillions of dollars will just pour on the market if it gets approved. Of course FOMO will join but we all know what is going to happen if all that cash suddenly poured in again. Another bubble and its not good to see bitcoin overbought because anytime it could burst again. So let's see how it goes in the next few days. Bull run or another price fall.