BlackRock has a 100% approval rate for their ETF applications. However, what would happen if the SEC rejects the approval for the Bitcoin BlackRock ETF? I believe it could potentially be the most significant attack on Bitcoin, impacting its value and overall standing. Monitoring regulatory decisions closely is crucial to understand their potential implications for the cryptocurrency market.
Bitcoin doesn't need BlackRock, it doesn't need an ETF, and especially it doesn't need the SEC circus. If that ETF will be denied probably the market will go down, nothing to worry about anyway, it hold very well when FTX failed, and potentially that was a huge deal, so I'm not worried at all about a possible rejection by the SEC, a few weeks and everything will be back to normality.