I think that this time around, the US Gov and thus SEC have had enough time to gain exposure to Bitcoin that it will eventually be approved, but...
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.
It's 575-1 as per their record on the approval of the ETF's they filed against SEC. The only denial is the "non-transparent" ETFs that they have filed.
In any case, the deny will have a effect on us, but it be just temporary and I don't see it having a huge impact to us. Just like the rest of the denied ETF's that we have seen in the past. It's that in this case, it's being magnified and I will say there is hype because it is Blackrock.
If the price dump then take advantage and buy cheap
BTC again.
This. I think a pump right now to allow seized coins to be sold at this price and local highs, followed by a delay in ETFs and continued fake scrutiny, and a liquidation of Coinbase, is the greediest way for the price to go in the US' favor.
A dump some time before ETF approval and full US support seems like the way to go to screw the people and the greedy to get richer.
I do hope this is the case, so there is another buying opportunity. It could go both ways though.