SEC may approve a Bitcoin ETF by the end of October, says Bloomberg

SEC may approve a Bitcoin ETF by the end of October, says Bloomberg

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  1. Hot take: China can’t ban Bitcoin and the SEC doesn’t need to approve it.

    Note: I realize this is about ETFs not Bitcoin at-large. My argument is that we shouldn’t be looking for approval or screw by disapproval of any government. If government (like El Salvador) makes it easier for main street users to use then great but the whole is to not be beholden to any one government.

  2. tldr; The Securities and Exchange Commission (SEC) could approve the first Bitcoin-based exchange-traded fund (ETF) by the end of October, Bloomberg’s Mike McGlone has said. He anticipates that by 2021 we could see a Bitcoin at $100,000, which is already considered as a perfectly viable alternative to gold. This event would be precisely this event that could take Bitcoin to new all-time highs.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. If true, this will save me from cashing out the rest of my IRA for more bitcoin

    already did it once last year, figure I ought to finish the job

    edit: I guess it sounds like it’s a futures ETF — that’s shitty

  4. Having approval doesn’t mean you get to launch the ETF right away.

    The clock starts ticking once approval is received but not an immediate launch.

    I will be surprised if we see a live ETF this year.

  5. All it means is that coinjoined bitcoin will be priced at a premium to bitcoin that hasn’t been “mixed” in the future.
    People SAY that is a criminal thing to do for the most part. But it’s really just exercising a right to financial privacy. Fungibility. They miss the overall point.
    And this will continue for awhile.

  6. It really isn’t relevant whether SEC approves a Bitcoin ETF or not. It really won’t affect the adoption of Bitcoin, which is following the same adoption schedule that the internet followed.

What do you think?

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