The SEC has just rejected the ETF ( Exchange Traded Fund) application by the Winklevoss twins, but there are several other applications in the pipeline. 'what if' some of those are granted? What will happen to Bitcoin and its price?
As well I know SEC didn't rejected. SEC has postpone ETF proposal. Probably until end of September ETF has postponed. Yes there was some other ETF proposal was already rejected. For Bitcoin still pending.
"What if " some application grunted, first benefit is Bitcoin will be open investment for worldwide investor. All the big investor will start invest on Bitcoin. I can't wonder how will increase Bitcoin price due many investor will invest at once. Price can cross 20k within week after approved. Many bank will be also accept Bitcoin as a currency. It's look every thing positive about ETF. I don't know exactly what thinking SEC. May be they worried about regulation & control about Bitcoin. But it can't be ever control.