Not entirely true, if these financial products were NOT offered by a broker-dealer, yes it is true SEC clamp down, but if the ETF is offered by a registered broker-dealer they have the blessing of the SEC. This is what ANKORUS is doing with their new ANK tokens. As registered broker dealers, offering a token to swap between crypto and stocks, bonds, treasuries.  ankorus.org

This is but, natural. A consequence of decentralization and blockchain. Governments will start losing more and more control over the economy. They will have to come up with new ways to generate revenue. Hence all these new regulations and bans.

Would love to hear your thoughts @jrcornel

great post , keep the good work

Well & good information keep it up

Or you can just hide your internet presence, move them into a paper wallet, store that paper wallet somewhere it will not be found, wait five years, go on holiday in a place with crypto ATMs, launder the shit out of your intelligently-gotten gains and not ever have to care what the SEC thinks or says ever again.

BOOOOOOOOOOOOO!!!!!!!!!!

Many people want to try and fit cryptocurrencies into there own world whether it be stocks physical tokens symbols or whatnot. The reality of the situation is that these currencies have now created there own real/world. The world only consists of numbers governed by block-chains. It totally revolves around a mathematical system. Instead of people trying to move this industry into the real world they should first consider jumping into the crypto world. You want bitcoin? Get it from coinbase/gdax and cut out the middle man.

Makes logical sense. Appreciate the info as it is helpful!

They can hold back now but they wont stop crypto to replace our the existing financial currency.

Thanks for sharing the details with us. Headline skimming to get news of any kind is only as accurate as the understanding (and honesty) of the person composing said headline.

Seems like it makes sense to get the derivatives markets up and running first before moving forward on the ETF. But what do I know? :)

Great post.  While derivatives can be a complex subject, I think the general notion of having EFT's that track (contain) crypto's is an excellent idea.  

1.  Many people would like to be able to diversify in a simple way, where they can simply go to their online brokerage and buy a fund.  They know how to do it and are comfortable doing so.
2.  Crypto trading is complicated  unless you are simply buying BTC, ETH or LTC on something like coinbase. This is because you are using other crypto's that change in value in a matter of seconds.  It can be an accounting nightmare.  If consumers had a choice of buying and selling EFT's with fiat currency, and a broker keeping nice tax records it would make things much easier.
3.  Because it would be easier to pay taxes more people would do so.  How many small investors, especially those that trade, don't pay taxes because they don't know how to.  They have no firm idea of what their cost basis is.
4.  While some criminals may use the underlying cryptos for "bad things", the crypto's being held by large corporations would not be doing anything except holding and trading them.  This would reduce the supply for those illegal purposes.
5.  When more people and business are owners of cyrpto's , the more legitimate they become.  Once they become widely held it will be hard for a government to take them away.

EFT's would give crypto's wide spread adoption and give governments their tax revenues and some measure of control.  It is also hard to make something illegal when everyone has their finger in the pie.  I am glad that the story was a nothingburger.

Nice post n info... Upvote. Please help comment@hadimemories. Thanks

Any publicity is good publicity in my opinion :)

Remember when the "wannacry" ransomware was rampaging about and all of the news channels were talking about Bitcoin- My theory is that they didn't do it for the ransom money alone (which was only around $100,000 or so in total), they did it to bring publicity to Bitcoin and have everyone asking what it is...

The price of Bitcoin went on a serious rally in the months following all of those ransomware attacks COINCIDENTALLY :) They had way more to gain by drawing attention to Bitcoin, rather than from the ransoms themselves.

@jrcornel, I'm 200% agreed with your statement:
*The SEC merely is asking these firms to wait until Bitcoin derivatives markets are actually up and trading before making a request to have an ETF tied to them.*
I'm very happy to see you active and getting common people some useful awareness regarding Cryptocurrency. Your words created a hope to small investors like me. Keep sharing more content to get more awareness on Cryptocurrency. Stay blessed. 
By the way can you give me your feedback on IOTA?

Good! I'm all in favor of mainstream adoption of crypto, but I fear that something like this would only benefit a handful of bankers.  I'd also worry that they could very easily crash the market, causing a lot of people to get burned while they profit.

This is crazy don't no way to fall in but it's not cool 🤗

Nyc post please upvote and follow me then i also upvote you

You have a lot of awesome posts, but this is by far one of your best ones man. I needed this one today! Thanks.

Any derivative-driven product is BAD news for investors.

good very positive news.

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Yes, doesn't seem like derivative markets will be good for Bitcoin or Crypto. Just another way for banksters to exert control over assets that they don't own.

Good post! I'm going to follow you to see more post like this and for support us!

To tell you the truth, I don't think cryptocurrencies need these ETFs. Instead of liquidity going directly to the exchanges where the real cryptos are trading, we want the liquidity to funnel in to these fake instruments? Why?

The moonkids and pumpers have convinced themselves that having a Bitcoin ETF is somehow going to bring in more institutional money in, but these derivatives go directly against the ethos of whole crypto movement.

Thanks for the guide. I have watched some videos on this topic at YouTube recently.  People hear about something and do their analysis without digging deep in the matter. It's a pleasure that people like you are around for the right analysis. Appreciate it. Great post like all your other posts. 

Stay awesome @jrcornel.

Steem On!

SEC Has a downhill fight.  Isnt spending money a protected type of speech now.  Supreme court.  Expression threw creation of value.  They just dont know what to do yet.

Thanks for sharing your important information.