I'm pretty sure that there is no ETF that are going to be approved this year. The SEC obviously hates cryptocurrrency. Maybe we can take this moment to clean the trash projects in the community and showcase the best use of the virtual coins so next time we don't need those damn ETFs just to increase the prices again.
All the news is just the plays that are meticulously crafted, the results are always set, they give out a lot of information such as refusal and delay just to deceive the user community, and the ultimate meaning is just making money from the fear and suspicion of others. We do not need the SEC or any explanation about the use of crypto, what we need is probably the motivation of the owner behind this market, this is a prerequisite for bitcoin to achieve the dream price
We all know now that this is not going to happen anymore, rather Q1 next year. But the SEC decision is not the only potential driver of new growth in this market. The Owner of the NYSE founded a company called ICO to launch an Exchange for Institutional Investors where they can buy Bitcoin on a large quantity, it will launch on November 5 and could propel prices up.
" founding imperative for Bakkt will be to make Bitcoin a sound and secure offering for key constituents that now mostly shun itthe worlds big financial institutions. The goal is to clear the way for major money managers to offer Bitcoin mutual funds, pension funds, and ETFs, as highly regulated, mainstream investments."
Read more here:
http://fortune.com/longform/nyse-owner-bitcoin-exchange-startup/