ETF approval is making the news again. The last hope to bring investors and the hype back might be the approval of a Bitcoin ETF. It might set up bitcoin for a pump if approved or certainly another dump if denied.
This is far from any news that could affect the market, especially when we take into account that the SEC considers each application within the maximum allowed period of 240 days, which will probably be the case now. The SEC has already extended that period for a VanEck ETF that has met the condition (filled 19b-4) while some others mentioned in the linked article have not yet met that condition.
In other words, if the SEC continues to operate according to its usual practice, in the event of a positive decision, nothing should be expected before the end of the year when the VanEck ETF deadline expires.
For more information ->
https://www.etftrends.com/crypto-channel/the-race-to-the-first-bitcoin-etf/