Bitcoin ETF team meets with SEC commissioner

The Bitcoin ETF team has met with the latest SEC commissioner Roisman and the results seem to be pretty positive. They addressed some of the concerns the SEC has had about the ETF and Roisman seems to be pro-crypto meaning that the vote on the commission is now 3-2 against, since commissioner Pierce is also Pro-ETF.
However, since the team has addressed some concerns and made a strong case by the ETF should be expected, they could possibly swing one of the votes to make it 3-2 for the ETF. I think public sentiment is for the bitcoin ETF so it will eventually get approved. I think Feb of 2019 is the date everyone should look for although it could happen as early as Friday if the SEC decides to completely surprise everyone(doubtful). Either way, this point to a bull market late Q4 of this year or Q1 of next year.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s