What Will Happen if the Bitcoin ETF Is Rejected?
90% certainty means 10% uncertainty
The Bitcoin ETF (Exchange Traded Fund) has been a long time coming.
A very long time coming.
In fact, it’s been over a decade since the Winklevoss twins filed the first application with the SEC way back in 2013. The SEC denied that one, and every one since, but Grayscale's 2023 legal victory against the organization changed all that.
It’s now a question of ‘when’ and not ‘if’ a Bitcoin ETF will be approved, but that doesn’t necessarily mean that January 10th will be the magic date as many — including myself for these reasons — predict.
So, despite the relentless meetings between the SEC and ETF applicants, detailed guidance by the former to the latter, constant filing (and then refiling) of amended paperwork over the holiday period and early into the new year, what would happen if it didn’t come to fruition in the next few days?
In other words, the unthinkable happened and the ETF was denied at the very last minute?
Well, we probably already have enough information to make some solid, educated guesses at what might happen next, so let’s examine the impact.
