I have lost the whole ETF approval subject, but now I tried to research about it.
What I haven't yet understood is which ETFs are supposed to be approved/rejected today. Is it only the ARK's ETF, or there will be one decision for every company's ETF?
I thought BlackRock also wanted to create a bitcoin ETF. Will this be decided on another date?
Ark's ETF has a final deadline today, they will definitely get a vote on it.
The others don't have the same deadline as Ark:
but everyone speculates that the SEC will approve more of them if they give ARK a positive response since they would not want to make it look as they favor a single one by letting them get ahead of others.
So speculations are that
if Arks gets a yes so do the others that met all the requirements.
But if ARK gets a "NO"?
I believe that with what the price movement of Bitcoin has been showing us, the ETF won't be approved today. There should be, at the minimum, some excitement and a small surge on Bitcoin going to $50,000, no?
The fact that there are traders selling at the $47,000 level without enough bids to hold it could be an indication that the expectation is negative.