What do you guys think the SECs descion will be in September?
Looking at Bitcoins daily charts the RSI (relative strength index), used to judge the momentum of a trend has become bullish in August not to mention the lowest RSI in two years.
Looking at Bitcoins monthly chart
After such a massive run Bitcoin would have to consolidate at some point plus regulations are still not in place.
There are ultimately 9 ETFs and although luck hasn't been with cryptocurrency in the past Bitcoin ETFs are inevitable. Manipulation is one of the biggest concerns and the SEC will announce its decision on a second proposal for a Bitcoin ETF from Van Eck and SolidX. the companies are hoping to issue an ETF that would be traded on the CBOW BZX.
Hopefully in September we'll see some progress on the SEC’s decision.
See more here -> https://www.financemagnates.com/cryptocurrency/news/when-will-we-see-a-bitcoin-etf-on-the-market-experts-weigh-in/