SEC Rejects 9 Bitcoin ETF Proposals thats a sad news today as on 23 August 2018 which was brutally rejected all 9 propasals of trading exchanges which we all hoping will be excepted but at last its rejected and btc will keep falling more down for sure !
what u think will btc will keep going down now cause of this news !
Hey there'll be no major effect on the prices, as the market had already discounted the possibility of the 9 etfs being rejected. We might just see minor fluctuations at the max, but that shall water down soon.
Also it's pertinent to note that, none of these etfs were famous or were even anticipated to be cleared. I have said it before, and will say it again it's the etf of Cboe that the market is expecting to be approved, let's wait for it. If you read the order there's not much negative news for Bitcoins, I felt there were positive news to, let's see how it goes.