SEC rejected the Bitcoin ETF again

[rolando87]

Could be but BTC is still DOWN 50% YTD.

I could probably name 50 companies that are down 50% YTD. What's your point.

Also BTC is up several hundred percent over 1 year or so.

 

[rolando87]

I believe that the ETF would have to hold bitcoins. They can vanish just like they have at bitcoin exchanges. One day, your ETF that you own might also go belly up.

Contrast this with an ETF that holds stock/shares. They can't ever be stolen electronically.

Those shares could also go belly up like the Enron scams and what not. Nothing is truly risk free.

 

[Gotcha]

Those shares could also go belly up like the Enron scams and what not. Nothing is truly risk free.

Key difference is the ETF tracks something. If that something goes down, of course the ETF goes down. But Bitcoin can rise, and if those coins are stolen, the ETF crashes. So it's completely different.

 

[Pekelo]

I could probably name 50 companies

How many ETFs can you name though? Huge difference...

By the way did you read the reasoning for the rejection? You might want to...

 

[ajacobson]

Nasdaq Holds Closed Door Event to Discuss Policing Crypto

https://www.bloomberg.com/news/arti...y-s-image?mc_cid=9806883995&mc_eid=d172461eeb

 

[comagnum]

Institutional Investors Swap Bitcoin Futures for Physical BTC in Wall Street First

https://www.ccn.com/institutional-i...utures-for-physical-btc-in-wall-street-first/