SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund [pdf]

Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ... by mrb on Friday March 10, 2017 @08:35PM (#13843617)

"That is a loss of 25% of its value"

Update as of 11 March 01:44 UTC (4h43m after the SEC decision): BTC fully recovered!

It now stands at $1140, which is the level it was trading at just 2 days ago. From 09 March 00:00 UTC to the SEC decision on 10 March 21:01 UTC it gained +12% due purely to speculation ($1140 to $1280) and basically retraced these 12%: http://bitcoincharts.com/charts/bitstampUSD#rg10zig30-minzcz... I am impressed. I thought downward trading pressure would have lasted for days/weeks after the SEC rejection.

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Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ... by koolba on Friday March 10, 2017 @10:17PM (#13844008)

Alternatively: https://en.m.wikipedia.org/wiki/Dead_cat_bounce

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Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ... by mrb on Saturday March 11, 2017 @11:13AM (#13845868)

Do not think so. 20 hours after the SEC decision and BTC continues to climb... $1200 now.

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Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ... by mrb on Monday March 13, 2017 @04:28PM (#13862025)

And 3 days after the SEC decision BTC still continues to climb... $1240 now.

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Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ... by conanbatt on Saturday March 11, 2017 @12:43AM (#13844418)

Within 2 hours? thats a bit too much

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