Quote from: Hamza2424 on Today at 09:38:09 AM

Quote from: franky1 on November 23, 2023, 08:28:45 PM

what it actually means
there is no ability anymore for SEC to just decline without reason anymore.. (the courts sorted that out due to the grayscale case,
however they can deny ETF that dont meet the criteria

Hmm, I do realize this but still, what I'm trying to say is they've cleared their position but still they haven't approved it, which directly indicates they just want to delay the time to endorse some of their terms & conditions.

Quote from: franky1 on November 23, 2023, 08:28:45 PM

out of the 12 not all of them do. so some can be denied
the november 17th event was not a deadline to announce any approvals
it was a date of communication with some etf's applicants where the SEC gave some advice to some etf applicants about some obvious issues the SEC found

Hmm, the 17th was not a deadline I know that but it was highly expected that maybe all of ETFs were going to be approved once, it was unreal but still there was decent hype. Some can be denied but after a denial, they can fill out the application again on the same model as the approved one did.

not all 12 meet the same standard so the "all 12 at once" was never a decent expectation.

some wanted easy swaps direct to btc for share holders
some wanted easy swaps direct to btc for agent basket holders
some had share-fiat but didnt describe the process to close the basket of shares to unlock basket of btc to sell for cash in an effective way to cover the cash value of shares
some havnt described how to limit the occasions/ease of closing a basket of shares for fiat

there is still lots of details the SEC needs to thrash out with the applicants

but yes. once a applicant is accepted to meet minimal/precedent of standards the others will copy that template and re-file to fast-track their own efforts