Its a sudden But regrettable News that the SEC has ones again rejected a Proposal Regarding BTC, this time by ETF. somehow i saw this comming especially after an earlier rejection of a Winklevloss ETF which proposed physical trading of BTC. The rejection reasons are the same old ones., Market Manipulation being one of the major. To me this is an expression of how badly the SEC wishes they could control BTC and as long as they dont have the control button, no proposal will ever go through. with the current red market situation, im certain that somehow, the decision is going to have negative effects on the BTC value. Which brings the concern of WHATS GONNA HAPPEN TO THE CRYPTO KING
What's going to happen? I guess nothing.
We are still be here standing and we will continue to grow in the future. Of course there's no amount of modifications on the proposal will allow SEC to approved ETF's it simply won't happen because the market is subjective to manipulation.
And what are the chances of Van Eyck Solid X application? It will be the same sorry to burst the bubble so I advise everyone not to get excited next hope and hope that a approval in on the horizon.