Unless your living under a rock you have heard that the ETF that the Winklevoss twins where trying to get passed was rejected.
But was it expected?
IDk about you but it seems like anything these Twins touch just flat out fails lol
That being said Their ETF was rejected before and other ETFs from other banks and larger companies are still in review process so it does not mean all ETFs are off the board right now so far it only means theirs was rejected.
Now the other part of this to take away is the SEC comments where they have said their two major concers are
Manipulation in the market place
fraud and investor protection
Well the only way manipulation is going to stop is is more people get their hands on more bitcoin. So like I always say to those of you just starting out and want to mine some bitcoin for a profit your best bet is to run HoneyMine A new beta mining software that actually makes you money mining other cryptos and trading it for bitcoin. It actually covers my huge $0.15 1 KWh electric bill here in FL.
But that also seems to be that ALL ETFs would be rejected based on this principle of market manipulation. And Fraud and investor protection will never happen either im not even sure why they don't think these 3 things happen in the stock exchange already lol.
That being said this could spell for a huge bit of news over the next coming days of ETFs being rejected and 5 large factor ETFs have but put on hold till September. I would wait to see either a massive sell off at this time or huge buys if approved. September seems to be a big deciding factor at the moment.
