What should we do if the SEC rejects ARK's application, what detail is important?


The first to receive approval for a Bitcoin spot ETF application will get the biggest piece of the pie.
There is almost no doubt about that. It is possible to see this in the Futures ETF. BITO, which received the first approval, has not yet been approached in terms of volume. So what does this mean for BlackRock?
Process 1
If the SEC is colluding with BlackRock, meaning it will give BlackRock a large portion of the pie, then it will simply reject ARK's application on the pretext.
Process 2
In this case, the markets will probably fall very hard. Because the applications are the same, it means that BlackRock's application will also be rejected. But the SEC comes up with an excuse (not difficult) that allows ARK to reapply (it loses its order), but it also sends a message to BlackRock:
“It's your turn, fulfill this condition so that your application will be approved.”
In this case, BlackRock will be the first to pull the rope and they will get the biggest share of the cake.
Conclusion: What happens in this scenario?
Bitcoin crashes hard when news comes out that the SEC has rejected ARK's application. We saw what even the misleading WSJ news did two weeks ago.
As soon as this news comes out, it will be necessary to look at the details immediately. If the rejection detail confirms the above scenario, then we can say that a positive period awaits Bitcoin.
#BountyCreator# #ContentStar# #HotTopicDiscussion#
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Bossherovip
· 2023-07-22 22:19
Qatar sheikh offered 650 million for trabzonspor for trabzonspor.
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Yavuzzvip
· 2023-07-22 22:13
thanks for the information so when will sec decide
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