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.
I don't think that Sec is going to reject the approval of BlackRock ETF because they don't want to do such a thing. Sec has already done some very risky things in past, and because of that many people are totally disappointed by their actions. If they do anything with BlackRock EFT thing then that won't be good for them because after that public will be very sure that they won't allow any kind of crypto-stuff, and which isn't in their favor. Let's guess if they make the guts to cancel the BlackRock EFT thing then that could impact crypto-market in very adverse way because with just a simple news of it the market could face another dump.