⭐ Merited by dbshck (4)
Isn't the SEC's decision over BlackRock's ETF scheduled next week? I believe it is.
Yeah, the first deadline for BlackRock's ETF is set for September 2, 2023. However, it seems like everybody is already expecting that the SEC might opt for yet another delay like they did with the ARK/21Shares ETF. We might have to wait until the final deadline, i.e. next year, for the decision. Perhaps there's something else going on that isn't quite public. Besides that whale who accumulated more than $3 billion in Bitcoin, the miners are also very bullish. The total hashing power in the network reached another ATH!
Does the hashing power follow the price? Or does the price follow the hashing power?
My conclusion, BOTH, because miners are speculators too. In the current situation, the miners probably know "something".