Bitcoin didn't die, it is a just correction phase, this is beginning.
Remember that the ETF is coming and will have a positive influence on the market.
Institutional money is entering into the market, we just don't see it,
Because they are grabbing every dip.
We can expect to start bull run in mid August!
Patience is key in this game! We are going to the moon!
Bitcoin ETF Decision will NOT be on August 10
Certainly, already has heard from August 10, the date in which the SEC will decide its decision on a proposed Bitcoin ETF.
[ On June 26 the U.S. Securities and Exchange Commission (SEC) received an application from CBOE Global Markets for a bitcoin exchange-traded fund (ETF) license. ]
The approval of a bitcoin ETF could be great news for cryptography, that would move the price of BTC significantly and help protect shareholders against operational risks associated with investing in the asset.
Previously, it was suggested that the SEC would take its decision with respect to the proposal before August 10. However, it now seems that the date might not be correct.
Date left the notice from the SEC that States that a decision will be not less than 45 days from the date of publication in the Federal Register. The SEC notice was published on June 26, but that is not the same date was published in the Federal Register. The publication of the Federal Register only appeared on July 2, which means that the date for a decision is August 16. Even then, the date can be extended if necessary. An extension of 45 days is possible. This means that a decision is expected at the latest on September 24.
Soruce
Will wait to get your opinion ?
Note: Cryptocurrencies are highly volatile, so please take care of your investments and always use stop loss orders to limit your loss.
