2/ The whole chatter was caused when @CBOE (who you may recognize from their bitcoin futures) announced that it had filed an application for a bitcoin ETF with the SEC. https://t.co/DCraRTeFT7
— Nathaniel Whittemore (@nlw) July 13, 2018
4/ Last year, in the build up to a highly anticipated decision where the SEC denied an application from the Winklevoss bros, @CremeDeLaCrypto explained why ETFs could open up bitcoin to institutional investors currently on the sidelines. https://t.co/PaUDAXxcWi pic.twitter.com/XnVnOS7aH3
— Nathaniel Whittemore (@nlw) July 13, 2018
6/ But given that previous ETF applications had been denied, what makes this time different? Well, @alistairmilne summed up the single biggest difference in a tweet: https://t.co/NIxF1ksdq9
— Nathaniel Whittemore (@nlw) July 13, 2018
8/ @Dmitriysz meanwhile went deep on the actual application (which is available for comment on the SEC’s website), trying to identify how the Cboe’s application addressed the major concerns from before: https://t.co/zDC0IAXuIY
— Nathaniel Whittemore (@nlw) July 13, 2018
10/ @Mansa_Godson pointed out the absurdity of some of the comments on the SEC website: https://t.co/h9sLQNW4TK
— Nathaniel Whittemore (@nlw) July 13, 2018
12/ @griff_owens meanwhile captured the irony of waiting for such massive institutional approval for a technology meant to transform us away from reliance on institutions. https://t.co/uCy9mhayCH
— Nathaniel Whittemore (@nlw) July 13, 2018
14/ @Crypto_Macro went even deeper on the skepticism, pointing out that the date isn’t actually set and that these are only useful for a very small class of investors. https://t.co/dsd0WXWVJk
— Nathaniel Whittemore (@nlw) July 13, 2018
16/ Finally, given that @AugurProject launched this week and we're all thinking about predictions, it’s interesting to ask what people are betting will happen. Check out @Bacon_Chain Twitter poll. With over 1500 votes it’s still exactly 50-50 on yes/no. https://t.co/EQ72CDWJto
— Nathaniel Whittemore (@nlw) July 13, 2018
17/ Any other great analysis about the potential impact of a Bitcoin ETF out there? What else should we read?
— Nathaniel Whittemore (@nlw) July 13, 2018
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