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.
Nothing in technical perspective of Bitcoin since Blockrock is not related to physical Bitcoin at all. The only implication will be on the price since this price rally is due to the hype made by the consecutive ETF application in reaction to Blackrock filings since SEC has no other choice than to approve the rest if they allowed Blackrock ETF to get the license.
High risk high reward I guess if you are holding until now since the chance that it will explode is high once Blackrock get a green signal with their filings.