Can this be an indication of the end of the Cryptocurrency trade?
Also, In the article, it's mentioned
The decision was announced unplanned for the financial markets, as this was communicated to the public after the closure of Wall Street.
Is this normal?
Source -
https://ospreyfx.com/the-sec-rejects-another-bitcoin-based-etf/There is nothing abnormal with the timing of the release of the negative decision on the ETF application of Bitwise Investments plus this was already expected gleaming from the past decisions of SEC regarding similar applications. I am not anymore surprised with the final decision as the grounds of previous decisions remained still existing in the market.
No, this is not the end of cryptocurrency trading as the two are not really that related. Just go over Google and look for more data on the ETF for Bitcoin and you can understand what do I mean. The cryptocurrency market has not been swayed that much with this latest decision of SEC and it can mean that without or without ETF life here has to go on.