{"id":2133,"date":"2017-03-08T12:34:27","date_gmt":"2017-03-08T12:34:27","guid":{"rendered":"https:\/\/blog.holytransaction.com\/?p=2133"},"modified":"2017-03-08T12:43:08","modified_gmt":"2017-03-08T12:43:08","slug":"bitcoin-etf","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2017\/03\/bitcoin-etf.html","title":{"rendered":"Bitcoin ETF decision expected by Friday"},"content":{"rendered":"

The\u00a0US Securities and Exchange Commission (SEC)<\/strong> has to make an important decision related to the much-anticipated bitcoin ETF<\/strong>, or the bitcoin-based exchange-traded fund.<\/p>\n

This decision is expected by Friday, as the SEC has an deadline fixed on March 11st<\/strong> to make the approve or disapprove a\u00a0proposed rule change<\/a> that would allow the creation of the first worldwide bitcoin ETF.<\/strong><\/p>\n

But, because the 11st falls on a Saturday, this decision could come before that date, maybe on Friday.<\/p>\n

The proposal came three years ago, in mid 2013, by investors\u00a0Cameron and Tyler Winklevoss<\/strong>.<\/p>\n

If the fund receives approval, several experts speculated that bitcoin price could grow and maybe this expected approval already drove the bitcoin price in recent weeks, setting new all time highs in the recent period.<\/p>\n

In fact, Bitcoin price neared $1,300 in recent days, reaching $1,293.47 on 3rd March.<\/p>\n

By the way, bitcoin price kept falling back to $1,300, experiencing\u00a0a drop on 7th March, when markets drop below $1,200 for a few hours.<\/p>\n

Otherwise, if the SEC decides to reject the proposal that would allow the Bats Global Exchange to list the bitcoin ETF, experts said that the digital currency price would be negatively affected.<\/p>\n

Phil Bak<\/strong>, CEO atACSI Funds explained that generally the SEC wants to avoid the appearance of “publicly rejecting an ETF”<\/strong>, so\u00a0if the agency didn’t plan on approving a fund, it would ask for the filing to be pulled ahead before any final decision.<\/p>\n

“In this case, the government agency may want to show the world it is unsure about bitcoin. Alternatively, it could also be that the advocates want to support it to the end and let this proposed fund get its day in court, rejection or not.”<\/em><\/p><\/blockquote>\n

In the lack of definitive statements published by the SEC, it’s really easy to understand why a common return of uncertainty has emerged during this week.<\/p>\n

Arthur Hayes, CEO at\u00a0BitMEX<\/a>, explained:<\/p>\n

“I have heard good arguments for and against the ETF being approved. At this point it is a coin toss.”<\/em><\/p><\/blockquote>\n

 <\/p>\n

Waiting for the Bitcoin ETF<\/h2>\n

At the moment people who are waiting for the SEC’s decision canno do anything instead of only watching and waiting for the 11th March deadline.<\/p>\n

ETF expert and co-founder at\u00a0RagingBull<\/a>, \u00a0Jeff Bishop, commented that the SEC could make its decision further past the 11th, also because of the recent price gain.<\/p>\n

“I have the feeling they will find a way to delay this even more though. With bitcoin at all-time highs and the SEC having a terrible record for allowing new ETFs to come to market at absolute tops, they will likely push back on this until things cool a bit.\u00a0<\/em>It should be up to investors to decide the true price of bitcoin. The more liquidity and options [there are] to trade it, the more transparent and accurate the pricing will be.\u00a0It should not be up to a government agency to withhold something like this from the public.”<\/em><\/p>\n

Open your free digital wallet here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n","protected":false},"excerpt":{"rendered":"

The\u00a0US Securities and Exchange Commission (SEC) has to make an important decision related to the much-anticipated bitcoin ETF, or the bitcoin-based exchange-traded fund. This decision is expected by Friday, as the SEC has an deadline fixed on March 11st to make the approve or disapprove a\u00a0proposed rule change that would allow the creation of the […]<\/p>\n","protected":false},"author":2,"featured_media":2136,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76,468,542],"tags":[1375,1230],"yoast_head":"\nBitcoin ETF decision expected by Friday -<\/title>\n<meta name=\"description\" content=\"The highly attended Bitcoin ETF decision might arrive on Friday 10th. This decision might influence the bitcoin price both in negative and in positive.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/holytransaction.com\/blog\/2017\/03\/bitcoin-etf.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin ETF decision expected by Friday\" \/>\n<meta property=\"og:description\" content=\"The highly attended Bitcoin ETF decision might arrive on Friday 10th. This decision might influence the bitcoin price both in negative and in positive.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/holytransaction.com\/blog\/2017\/03\/bitcoin-etf.html\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/holytransaction\" \/>\n<meta property=\"article:author\" content=\"facebook.com\/ameliatomasicchiomarketing\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-08T12:34:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-03-08T12:43:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2017\/03\/sec111416getty.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"980\" \/>\n\t<meta property=\"og:image:height\" content=\"551\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Amelia Tomasicchio\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ametomasicchio\" \/>\n<meta name=\"twitter:site\" content=\"@holytransaction\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Amelia Tomasicchio\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/holytransaction.com\/blog\/2017\/03\/bitcoin-etf.html\",\"url\":\"https:\/\/holytransaction.com\/blog\/2017\/03\/bitcoin-etf.html\",\"name\":\"Bitcoin ETF decision expected by Friday -\",\"isPartOf\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/2017\/03\/bitcoin-etf.html#primaryimage\"},\"image\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/2017\/03\/bitcoin-etf.html#primaryimage\"},\"thumbnailUrl\":\"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2017\/03\/sec111416getty.jpg\",\"datePublished\":\"2017-03-08T12:34:27+00:00\",\"dateModified\":\"2017-03-08T12:43:08+00:00\",\"author\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/#\/schema\/person\/eface1991a1e60913be2fff06e08e42c\"},\"description\":\"The highly attended Bitcoin ETF decision might arrive on Friday 10th. This decision might influence the bitcoin price both in negative and in positive.\",\"breadcrumb\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/2017\/03\/bitcoin-etf.html#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/holytransaction.com\/blog\/2017\/03\/bitcoin-etf.html\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/holytransaction.com\/blog\/2017\/03\/bitcoin-etf.html#primaryimage\",\"url\":\"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2017\/03\/sec111416getty.jpg\",\"contentUrl\":\"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2017\/03\/sec111416getty.jpg\",\"width\":980,\"height\":551,\"caption\":\"sec111416getty\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/holytransaction.com\/blog\/2017\/03\/bitcoin-etf.html#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/holytransaction.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"etf\",\"item\":\"https:\/\/holytransaction.com\/blog\/tag\/etf\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Bitcoin ETF decision expected by Friday\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/holytransaction.com\/blog\/#website\",\"url\":\"https:\/\/holytransaction.com\/blog\/\",\"name\":\"\",\"description\":\"HolyTransaction's Blog - Your crypto blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/holytransaction.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/holytransaction.com\/blog\/#\/schema\/person\/eface1991a1e60913be2fff06e08e42c\",\"name\":\"Amelia Tomasicchio\",\"description\":\"Amelia Tomasicchio is a content writer and marketer of Bitcoin-related news and fintech startups. She started writing about Bitcoin in 2014 and she graduated in Rome with an essay about movie industry related to Bitcoin.\",\"sameAs\":[\"facebook.com\/ameliatomasicchiomarketing\",\"https:\/\/twitter.com\/ametomasicchio\"],\"url\":\"https:\/\/holytransaction.com\/blog\/author\/amelia\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bitcoin ETF decision expected by Friday -","description":"The highly attended Bitcoin ETF decision might arrive on Friday 10th. This decision might influence the bitcoin price both in negative and in positive.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/holytransaction.com\/blog\/2017\/03\/bitcoin-etf.html","og_locale":"en_US","og_type":"article","og_title":"Bitcoin ETF decision expected by Friday","og_description":"The highly attended Bitcoin ETF decision might arrive on Friday 10th. This decision might influence the bitcoin price both in negative and in positive.","og_url":"https:\/\/holytransaction.com\/blog\/2017\/03\/bitcoin-etf.html","article_publisher":"https:\/\/facebook.com\/holytransaction","article_author":"facebook.com\/ameliatomasicchiomarketing","article_published_time":"2017-03-08T12:34:27+00:00","article_modified_time":"2017-03-08T12:43:08+00:00","og_image":[{"width":980,"height":551,"url":"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2017\/03\/sec111416getty.jpg","type":"image\/jpeg"}],"author":"Amelia Tomasicchio","twitter_card":"summary_large_image","twitter_creator":"@ametomasicchio","twitter_site":"@holytransaction","twitter_misc":{"Written by":"Amelia Tomasicchio","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/holytransaction.com\/blog\/2017\/03\/bitcoin-etf.html","url":"https:\/\/holytransaction.com\/blog\/2017\/03\/bitcoin-etf.html","name":"Bitcoin ETF decision expected by Friday -","isPartOf":{"@id":"https:\/\/holytransaction.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/holytransaction.com\/blog\/2017\/03\/bitcoin-etf.html#primaryimage"},"image":{"@id":"https:\/\/holytransaction.com\/blog\/2017\/03\/bitcoin-etf.html#primaryimage"},"thumbnailUrl":"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2017\/03\/sec111416getty.jpg","datePublished":"2017-03-08T12:34:27+00:00","dateModified":"2017-03-08T12:43:08+00:00","author":{"@id":"https:\/\/holytransaction.com\/blog\/#\/schema\/person\/eface1991a1e60913be2fff06e08e42c"},"description":"The highly attended Bitcoin ETF decision might arrive on Friday 10th. This decision might influence the bitcoin price both in negative and in positive.","breadcrumb":{"@id":"https:\/\/holytransaction.com\/blog\/2017\/03\/bitcoin-etf.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/holytransaction.com\/blog\/2017\/03\/bitcoin-etf.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/holytransaction.com\/blog\/2017\/03\/bitcoin-etf.html#primaryimage","url":"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2017\/03\/sec111416getty.jpg","contentUrl":"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2017\/03\/sec111416getty.jpg","width":980,"height":551,"caption":"sec111416getty"},{"@type":"BreadcrumbList","@id":"https:\/\/holytransaction.com\/blog\/2017\/03\/bitcoin-etf.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/holytransaction.com\/blog"},{"@type":"ListItem","position":2,"name":"etf","item":"https:\/\/holytransaction.com\/blog\/tag\/etf"},{"@type":"ListItem","position":3,"name":"Bitcoin ETF decision expected by Friday"}]},{"@type":"WebSite","@id":"https:\/\/holytransaction.com\/blog\/#website","url":"https:\/\/holytransaction.com\/blog\/","name":"","description":"HolyTransaction's Blog - Your crypto blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/holytransaction.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/holytransaction.com\/blog\/#\/schema\/person\/eface1991a1e60913be2fff06e08e42c","name":"Amelia Tomasicchio","description":"Amelia Tomasicchio is a content writer and marketer of Bitcoin-related news and fintech startups. She started writing about Bitcoin in 2014 and she graduated in Rome with an essay about movie industry related to Bitcoin.","sameAs":["facebook.com\/ameliatomasicchiomarketing","https:\/\/twitter.com\/ametomasicchio"],"url":"https:\/\/holytransaction.com\/blog\/author\/amelia"}]}},"_links":{"self":[{"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/posts\/2133"}],"collection":[{"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/comments?post=2133"}],"version-history":[{"count":1,"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/posts\/2133\/revisions"}],"predecessor-version":[{"id":2135,"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/posts\/2133\/revisions\/2135"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/media\/2136"}],"wp:attachment":[{"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/media?parent=2133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/categories?post=2133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/tags?post=2133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}