ETF delayed once again

Traders have been eagerly awaiting the SEC decision on the VanEck SolidX bitcoin ETF proposal—but they will have to go on waiting, with the SEC delaying again. The agency will have to reach a final decision by October 19, 2019.

This is not the first time ETF makes a buzz in crypto media.

Does it have any correlation with BTC price?

Let's see:

Today's social interest around ETF is relatively small comparing to 2018.

The biggest spike is recorded on 22 August 2018 and it's 5 times higher then today's.

That was a day when SEC rejected Bitcoin ETF proposals from ProShares, Direxion and GraniteShares.

Looks like price doesn't care.

Some quotations from social channels:

  • how many thousand years did it take gold to get an etf?
  • lol no1 cares about the ETF
  • ETF rejections/delays doesn't affect price anymore. Approval will.
  • lol you guys realize a bitcoin etf already is a thing..... ticker GBTC
FET will be approved. Oh, ETF. Who cares.

Thanks for reading!

If you enjoyed this insight please leave a like, join discussion in the comments and share it with your friends!


Conversations (0)

No comments yet
Be the first to comment