Post
Topic
Board Bitcoin Discussion
Re: ETFs are gone, now it's Bitmain IPO?
by
Sweetie_bit
on 24/08/2018, 03:58:12 UTC
Hours ago, several bitcoin ETFs were officially rejected by SEC. It sounds this FUD doesn't have as much effect as Winklevoss twins' rejection.
But this is not the end. There's a more attractive upcoming event, it's Bitmain's IPO. For those who don't know about Bitmain. It's the Chinese technology company, which behind ASIC miners and Bitcoin Cash. At first, this IPO seemed to be very promising but recently, pessimistic information about it showed up here and there.

IMO, Bitmain's IPO is a test on people's belief in cryptocurrency. If it successes, we might see those green days back. But if it fails, I doubt that we'll see market bleeding badly.  


If the SEC allows a BTC ETF, that means a fund would purchase an underlying amount of actual BTC and distribute those into shares, which further are distributed to shareholders. I think it may make it easier for people to buy $5 to $100 in cryptocurrency and attract more investors. what do you think guys?