Not that it was unexpected but ProShares and Direxion ETFs were rejected.
Price didnt react much after the news but rather before them with pump to 6900 and down to 6400 (like i spoke in post yesterdat if you read).
As usual before info about rejections shorts happened so do not get fooled by the chart.
https://www.sec.gov/rules/sro/nysearca/2018/34-83904.pdf (ProShares)
https://www.sec.gov/rules/sro/nysearca/2018/34-83912.pdf (Direxion)
Markets
Leverage spots - BitMex or SimpleFX all others need KYC for leverages/futures.
My Official Discord Crypto/Steemit Group - https://discord.gg/Ma3VCxj
Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips! |
 |
|---|
Although the news wasn't completely unexpected but it is sad to see them get delayed or rejected one after another.
The good thing is that crypto has bounced back from much worse than this. So this time too crypto will again see ATH sooner or later
the 2019 one looks like has got more support with the Sec from what I heard
It doesn't matter. HODL all the way until we land on the moon. The ETFs will be accepted. It's just a matter of time. Scoop up the coins you believe that have long-term value and don't panic and sell now. Patience is key. :-)
It is a matter of time!
Good for people who took advantage of the pump for the expectations!
6900 - 6400 😑
Great Post 😆
Is CBOE etf also got rejected? Many companies applied for etf so am waiting to get the status for cboe
Posted using Partiko Android
hi @alokkumar, I have written a blog about these rejections. please go through it if you have time :)
https://steemit.com/cryptocurrency/@bee84/5-reasons-why-bitcoin-etfs-are-getting-rejected
Sure will go through. Thanks much for sharing the link
Posted using Partiko Android
hi @kingscrown... thanks for breaking the news first... I have written a blog about the reasons why bitcoin ETFs are getting rejections .. please go through my post as well .. cheers !!!
5 reasons why Bitcoin ETFs are getting rejected : Link below
https://steemit.com/cryptocurrency/@bee84/5-reasons-why-bitcoin-etfs-are-getting-rejected
I hate the bad news but I'm sure they'll come around. Times are changing and they'll have yo catch up.
Again ?? :(
Years end is coming let’s see bear is there of bull is waiting
This post is really helpful, thanks for sharing this link ..since now we know what the markets is going on
Please help the needy people
https://steemit.com/flood/@champok/social-donation-for-kerala-flood-affected-people