[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 36 KB, 1080x810, 3D5F24A9-EDFB-4F85-B5B2-BBDCFC3AEACE.jpg [View same] [iqdb] [saucenao] [google]
55313426 No.55313426 [Reply] [Original]

The SEC has rejected every single request for a Bitcoin spot ETF, why would they accept this one?
The markets didn't react strongly to the news which suggests it will get rejected (again).

>> No.55313449
File: 340 KB, 890x854, 1674498211915830.png [View same] [iqdb] [saucenao] [google]
55313449

>>55313426
Nah I’d rather discuss how much of my semen is currently circulating inside your rectum, you massive cock sucking faggot

>> No.55313510

>>55313426
>The SEC has rejected every single request for a Bitcoin spot ETF,

And thats a good thing

EFTs are derivatives

Derivatives is NOT bullish

>> No.55313525

>>55313510
Its a spot etf tho…

>> No.55313529

>>55313510
The ETF is bearish as fuck. Btc needs self custody so people hodl more, sometimes by losing their keys. ETF screams trading, buying and selling

>> No.55313544
File: 192 KB, 720x484, short.png [View same] [iqdb] [saucenao] [google]
55313544

>>55313426
That Blackrock stuff is a ruse. They already know in the first place that it will be rejected. The real plan is to place a huge short on bitcoin one day before it's rejected.

>> No.55313682

Nice iPhone filename nigger nobody cares about bit coin

>> No.55313688

>>55313544
They make a gorillion more if they stock up on bitcoin now and play their puppet master strings to get it approved though

>> No.55313712

>>55313426
Because Gensler.
It will only get approved if Big Poppa Powell allows it though.

>> No.55313717

it's not an ETF it's a trust

>> No.55313729 [DELETED] 

>>55313426
"ETF" announcements are always bearish. You're a newfag if you think they're bullish. Doesn't matter though, that's all noise, massive dumpage ahead regardless. If you're a bear you should be celebrating the "ETF news".
>>55313449
You're a seething baggie.
>>55313510
Correct, but why the plebbitspacing? Are you from plebbit? Maybe you should go back.
>>55313529
Good post.
>>55313544
Good post.

>> No.55313735

>>55313426
"ETF" announcements are always bearish. You're a newfag if you think they're bullish. As a bear you should be celebrating any and all "ETF news". Doesn't matter though, that's all noise, massive dumpage ahead regardless.
>>55313449
You're a seething baggie.
>>55313510
Correct, but why the plebbitspacing? Are you from plebbit? Maybe you should go back.
>>55313529
Good post.
>>55313544
Good post.

>> No.55313736

>>55313426
Because Blackrock has captured the regulatory process.

>> No.55313877

What’s approx waiting period for them to approve or deny it. 2 weeks? Months? Years?

>> No.55313886
File: 40 KB, 600x600, 1657869998773342.jpg [View same] [iqdb] [saucenao] [google]
55313886

>>55313717
>it's not an ETF it's a trust

>> No.55314188

> why would (((they))) accept (((blackrock's))) request
gee I wonder (((why)))

>> No.55315385

>>55313426
the government despises crypto for obvious reasons. governments love monopolies on money. why r u guys such cringy fucking gullible weebs when it comes to crypto. they are letting cryptoniggers do all the groundwork. eventually it will all be banned and CBDCS sill be the only legal tender. f dumbasses