Published
5 years ago on
September 21, 2018
“A longer period within which to approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether to disapprove the proposed rule change.”The good news is, the markets haven’t really reacted to this news - I guess that’s because now, investors are so used to SEC decision delays, they no longer move their cryptocurrencies in response to them, therefore the markets have remained positive. We still expect that the markets will shoot up if and when a Bitcoin ETF is eventually approved, though many believe that this will be the trigger for the next bull run. As it stands, it looks like we can’t expect this to happen during the rest of 2018 unfortunately though. Some experts are now suggesting that come December, the deadline will be extended again right into the start of 2019. If the past few months are anything to go by, it wouldn’t be too surprising if the SEC decided to take up a decision like this. Therefore, (even though it will be Christmas) try not to get too excited coming into the end of December. A further deadline extension is only going to frustrate the community further, hopefully the SEC finally understand this, and actually start to take action. There is a chance a decision could be made before December, though this would require the SEC to work extra hard in their research and through their investigations. We hope that this is the case, but our message to you - don’t get your hopes up. References ZyCrypto Investment Disclaimer
