It was just a fud news posted now about an old etf rejection and has nothing to do with the current active etf application, the new date for btc etf is set at 21 september and i do not agree with you about bears anymore, bear trend is over already and we will see massive gains from here.
Even if it just a fud news , it can still have a minor effect to the price of cryptos . cant you see that overall value of crypto had dropped again ? That maybe because of these etf issue and i guess the bear market will still continue but it is not the end of cryptos , infact this even can still be beneficial to some people that constantly investing on cryptos because they can still afford to buy in a cheaper price . if many people and investor will keep doing that , we can surely see a price increase again in the future.
Well we all know that those FUD have short lived effect to the price. And the rejection for me was forthcoming, the twins first application was rejected, so I don't know what changes they did to their proposal, but the end result is still the same. I believed though that we are getting further away from the bears claw, but we all know how volatile and fragile this market is, just another negative news will suddenly make the gains we have in the past 2 weeks go down the pipe.
