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.
Most significant attack on Bitcoin? Not even close. The most significant attacks on Bitcoin would a be a 51% attack and a mass Bitcoin mining/trading ban in the USA and western Europe.
Do you really know what an ETF is and how it works? Getting a Bitcoin ETF rejected won't hurt Bitcoin and the BTC blockchain at all.
It might kill the short term hype around Blackrock(and cause a short term BTC price drop), but so what? We have seen many Bitcoin ETFs getting rejected, the only difference here is that this ETF is proposed by a gigantic investment fund.