One of Bitcoin's Big Funds is Selling Ahead of the ETF Decision

stevegee58 · Mar 9, 2017

vanzandt said:
Some say it'll hit 1 million/coin.

OMG I just came.

SoesWasBetter · Mar 10, 2017

I was right, again. No approval.

sle · Mar 10, 2017

SoesWasBetter said:
I was right, again. No approval.

Did you short XBT ahead of the news? I am not suprised by the ruling, btw

stevegee58 · Mar 11, 2017

Pfff. The BTC ETF was a boondoggle, a red herring. BTCUSD is already back to $1200

vanzandt · Mar 11, 2017

There's some good parts in here.
Reading this in hindsight, its pretty obvious it was going to get rejected.
https://www.sec.gov/rules/sro/batsbzx/2017/34-80206.pdf

Pekelo · Mar 11, 2017

I think approving it would have been bad for bitcoin, making it even more volatile. They can try in other countries at other exchanges though....