👋 Happy Thursday Everyone,

Yesterday the SEC denied 😔 nine ETF proposals from three groups: ProShares, GraniteShares, and Direxion.

As subscribers of our 🚨ETF Alerts 🚨 you were the first to know this news. Our alerts went off at 3:03pm PST - right when the official decisions were announced by the SEC.

While the ProShares decision was expected yesterday, the GraniteShares and Direxion decisions were expected to come in Mid-September.

Overall the SEC gave the same reasoning for all three denials. As crypto-to-crypto exchanges are unregulated at this time, they are susceptible to manipulation. Until the SEC has surveillance agreements in place with a regulated exchange, it is unlikely they will approve any ETF product.

That leaves two ETF still on the table. The Bitwise ETF will have its first decision occur by Sept 7th, and the VanEck/SolidX ETF will have its next decision occur by Sept 30th. We believe it is highly likely that the SEC will delay decisions on both these ETFs at those deadline dates.

Our Telegram alerts and API will be active for both of those ETF decisions and as a subscriber of ours, you'll be the first to know.

🚨Our API alerts are the fastest alerts available and we are launching 🎉 a referral program for those who wish to gain access to our API.

Please reach out to @bnfmatt if you're interested in learning more about our API and referral program.

Bitcoin ETF Alerts

👋 Happy Thursday Everyone,

Yesterday the SEC denied 😔 nine ETF proposals from three groups: ProShares, GraniteShares, and Direxion.

As subscribers of our 🚨ETF Alerts 🚨 you were the first to know this news. Our alerts went off at 3:03pm PST - right when the official decisions were announced by the SEC.

While the ProShares decision was expected yesterday, the GraniteShares and Direxion decisions were expected to come in Mid-September.

Overall the SEC gave the same reasoning for all three denials. As crypto-to-crypto exchanges are unregulated at this time, they are susceptible to manipulation. Until the SEC has surveillance agreements in place with a regulated exchange, it is unlikely they will approve any ETF product.

That leaves two ETF still on the table. The Bitwise ETF will have its first decision occur by Sept 7th, and the VanEck/SolidX ETF will have its next decision occur by Sept 30th. We believe it is highly likely that the SEC will delay decisions on both these ETFs at those deadline dates.

Our Telegram alerts and API will be active for both of those ETF decisions and as a subscriber of ours, you'll be the first to know.

🚨Our API alerts are the fastest alerts available and we are launching 🎉 a referral program for those who wish to gain access to our API.

Please reach out to @bnfmatt if you're interested in learning more about our API and referral program.

hottg.com/BitcoinETFAlert/43

2.5K viewsAug 23, 2018 at 18:33