One of Bitcoin's Big Funds is Selling Ahead of the ETF Decision

OMG I just came.

 

I was right, again. No approval.

 

Did you short XBT ahead of the news? I am not suprised by the ruling, btw

 

Pfff. The BTC ETF was a boondoggle, a red herring. BTCUSD is already back to $1200

 

There's some good parts in here.
Reading this in hindsight, its pretty obvious it was going to get rejected.
https://www.sec.gov/rules/sro/batsbzx/2017/34-80206.pdf

 

I think approving it would have been bad for bitcoin, making it even more volatile. They can try in other countries at other exchanges though....