Do you think approval will come within 7 days? I think this isn't possible because in line with our experience of following ETF news and applications for a long time we have learned that this process takes time and there is no quick response. For this reason, I don't think that there will be a finalization of the application within the next seven days. Moreover, since the majority of these seven days coincide with the public holiday period, the evaluation will still remain pending.

My personal opinion is that the process will continue for a few more weeks and a decision will come very close to the halving period or a little later. Positive news coming close to or after the halving process will definitely cause the markets to be very lively and the Bitcoin price will be positively affected by this. Of course, it shouldn't be forgotten that we shouldn't immediately think optimistically and that a possible negative response may come and the market may remain volatile with both the halving and negative news.