but if it is rejected, won't it have a pretty nasty impact on the market?
last one that got rejected was from Winklevoss brothers and that was hyped up and price fell a little, there was no "nasty impact" and that drop was mainly because the FUD was telling people ETF was rejected completely and it is is the end of the world
this new one is not even heard of. its rejection shouldn't even be heard. not to mention that people are starting to be convinced that ETFs are never going to be approved by SEC. and i think this upcoming rejection is a good thing because it will make more people believe ALL of them will be rejected soon.
Great so lets get ready for the "little" dump and nothing else. I believe that will also come from the people who are "too panicked" and doesnt understand what does it take to hold the bitcoin in place.
One thing is sure, whatever might be the decision of ETF, the rest of the world is not going to wait after that day and everyone may just start to crawl in slowly so that the market will get to recovery zone.
Just thinking that way until now.
well as you can see today, these "little dumps" are too little for regular investors to want to benefit from. they are only suitable for day traders who are too hungry for any small change that can give them a small profit. and so far the effects of ETF rejection is dwindling for good
