Bitcoin ETF updatesteemCreated with Sketch.

in #bitcoin6 years ago (edited)


As much as I would love to announce that it has been officially approved, and that Bitcoin will go to a gazillion dollars as a result.... that's just not true. In-fact the news today is actually quite the opposite. While we were originally awaiting the SEC desision for a approval on August 16, the SEC has announced that they're delaying the decision in this statement, "The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider this proposed rule change. Accordingly, the Commission, ... designates September 21, 2018, as the date by which the Commission shall either approve or disapprove the proposed rule change."

So we're playing the waiting game once again, but on the bright side this gives you more time to accumulate crypto before the big announcement and the possible price spike following it

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