There is a just a slim chance that Bitcoin ETF be approved. One of the reasons is the question of SEC about price manipulation. The SEC wants to know if price manipulation be controlled under the unregulated bitcoin ETF. And SEC believe that it is not possible for the current ETF proposal.
Yes only one but enough big objection is that bitcoin price is manipulated
SEC work is to protect customers and investors from fraud and manipulation
Like we everybody know bitcoin price is manipulated so SEC is simply doing his work
Bakkt is different thing but part of Bakkt needs to be aproved by CFTC
With shutdown it is impossible
But ETF gan give temporary pump big but temporary
After that bitcoin can be like virtual gold is now just yet another derivative owned by Wall Street