After all, is it possible to create the Bitcoin ETF in the near future?
The CBOE proposal was initially withdrawn earlier this month. Stopping the work of the government has taken the blame for pulling the idea. Now that the government has worked again, the proposal was sent back to the SEC. The US Financial Supervision Commission had to decide on the initial application by February 27.
Once the proposal is published, SEC will have 240 days to decide whether to approve or reject it. This again gives hope to Bitcoin enthusiasts, because the creation of the ETF will really revive the digital markets.
Bitcoin's price did not react, he said, a significant response to the news. But if we allow the creation of such an exchange traded fund, we can expect real euphoria. For the moment, the price remains depressed and a bearish trumpet appears to be on a daily schedule. The price remains below 50 period creeping after several successive attempts to test. A break down will lead to a bottom bottom test as of December 15, 2018 at a price of 3124.66.
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