CryptoCurrency : NO. ETFs are not getting delayed. SEC Bitcoin ETF Update. THE FACT vs MEDIA MANIPULATION
Recently, A news article from CoinDesk got published stating “SEC is Delaying the Decision on Bitcoin ETFs Until September” and without confirming the news with actual fact, FUD got the best of many people and everyone went crazy. The title was later changed to “SEC Delays **Decision on Direxion’s Bitcoin ETFs** Until September”. *(Media manipulation at its best.)*
**THE FACT**: SEC is delaying a Different ETF. The one SEC is postponing was filed by Direxion Investments in January. That’s a different one. Point to be noted that many investment firms file for ETF application. Only few will get accepted and approved.
None of the ETF proposals being postponed are from **CBoE (VanEck and SolidX),** which are currently under discussion by the wider crypto community. More than **100 comments** for these ETF proposals have been submitted by the crypto community, and **a decision may occur as soon as next month. **
August-September is still bullish to us so, please don’t mix things up as the headline reads at the first glance and try to actually compare the news with actual facts. Manipulation is in its peak and we dont want anyone to get burned in it.
Stay vigilant, Stay Safe.
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