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Post by yogibearbull on Jun 17, 2021 21:21:28 GMT
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Post by Capital on Jan 28, 2022 16:18:09 GMT
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Post by bb2 on Jan 28, 2022 21:05:43 GMT
From the SEC:
"The standard requires such surveillance-sharing agreements since they “provide a necessary deterrent to manipulation because they facilitate the availability of information needed to fully investigate a manipulation if it were to occur.”13 The Commission has emphasized that it is essential for an exchange listing a derivative securities product to enter into a surveillancesharing agreement with markets trading the underlying assets for the listing exchange to have the ability to obtain information necessary to detect, investigate, and deter fraud and market manipulation, as well as violations of exchange rules and applicable federal securities laws and rules.14 The hallmarks of a surveillance-sharing agreement are that the agreement provides for the sharing of information about market trading activity, clearing activity, and customer identity; that the parties to the agreement have reasonable ability to obtain access to and produce requested information; and that no existing rules, laws, or practices would impede one party to the agreement from obtaining this information from, or producing it to, the other party."
"Consistent with this standard, for the commodity-trust ETPs approved to date for listing and trading, there has been in every case at least one significant, regulated market for trading futures on the underlying commodity—whether gold, silver, platinum, palladium, or copper— and the ETP listing exchange has entered into surveillance-sharing agreements with, or held Intermarket Surveillance Group (“ISG”) membership in common with, that market."
BTC not ready for prime time.
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Post by richardsok on Jan 28, 2022 21:26:39 GMT
You already have BITO, RIGZ, ETHE trading busily, to name three. What opportunities are going to come from a new ETF in an already sketchy and untested asset class?
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Post by bb2 on Jan 28, 2022 22:01:48 GMT
I was thinking that if the SEC approves a spot ETF, it would mark a point where bitcoin won't be easily manipulated. An asset that's 95% owned by 2% of owners doesn't seem like it could ever prove to be a market not open to manipulation. So until that approval, you're dealing in a market that's open to manipulation or at least can't prove to the SEC it isn't. So I liked what Jack Hough wrote in Barron's a few days ago : www.barrons.com/articles/bitcoin-price-value-51643046457 " Buy the trashiest, most volatile crypto coins you can find, and only when there’s recent, strongly positive price momentum. There is no such thing as a crypto blue chip. Meme coins are fine. It’s entertainment, remember. Bet small and have fun. But the group doesn’t look especially fun now. " Guy I know's been making severel hundred - 1000 bucks a day just running his program to trade BTC. I'll see him next week and see how he's been doing lately.
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