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.
Every single Bitcoin ETF application so far has been denied by the SEC so I don't think it would virtually have any impact on bitcoin if BlackRock got denied. It will most certainly be interesting to see how it plays out, with the SEC already slamming coinbase on a number of cryptos being securities and BlackRock putting them in that application as their custodial partner maybe it will be a win-win-win for them somehow? Of course this is all speculation, but if blackrock's reputation on the 100% approval rate is really accurate i'm sure that they have some skin in the game and will make sure it gets approved by any means necessary.....