SEC has not approved Bitcoin ETFs [fixed]

Re:SEC has not approved Bitcoin ETFs [fixed] by cempaka on Tuesday January 09, 2024 @05:05PM (#38932881)

From a Slack of market observers I frequent: "Right now, someone is explaining to the BlackRock board, 'you got rugged, it happens all the time in crypto.' "

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Re:SEC has not approved Bitcoin ETFs [fixed] by AustinDev on Tuesday January 09, 2024 @05:26PM (#38933150)

It'd be funny if it wasn't a $45k to $45.7k change for a +$700 delta.

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Re:SEC has not approved Bitcoin ETFs [fixed] by cempaka on Tuesday January 09, 2024 @05:38PM (#38933281)

I have a hard time seeing the SEC not delaying until at least March after that fiasco (or even pushing back against the tweet itself if they were intending to approve anyway), but I guess tomorrow will tell the tale. It's fees BlackRock cares about, not the Bitcoin price.

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Re:SEC has not approved Bitcoin ETFs [fixed] by AustinDev on Tuesday January 09, 2024 @05:46PM (#38933375)

If fees are all they care about they make money anyway. No idea how that constitutes them being Rugged.

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Re:SEC has not approved Bitcoin ETFs [fixed] by cempaka on Tuesday January 09, 2024 @05:51PM (#38933443)

They don't make anything if the ETF doesn't get SEC approval.

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Re:SEC has not approved Bitcoin ETFs [fixed] by paulpauper on Tuesday January 09, 2024 @05:32PM (#38933219)

Blackrock is huge. This is a rounding error to it. The people who got rugged were retail who bought into the hype since October.

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Re:SEC has not approved Bitcoin ETFs [fixed] by disruptalot on Tuesday January 09, 2024 @05:44PM (#38933361)

You may be misreading the effects - Bitcoin is trading above what it traded yesterday, and 50% higher than october.

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