So you might be aware about the Cboe Exchange withdrawing its application for the ETF approval that was very certain to happen there are two aspects to look at this right now as the application was already in process and the shutdown which is going in the U.S. is the main reason for the withdrawing.
the dead line of 22 Jan was close but the shutdown is till on what does that mean ...
simply that it will get auto approved as per sec rules so if gets approved they might have denied it later might impact bitcoin brutally and as a investor that would be the worst scenario.
They could re apply and they will for sure because Bitcoin doesn't need anyone infact this time big player need to introduce things like this to make money out of it and sooner or later ETF is going to come believe it or not.
So in a way it is good that for long term if gets approved as per norms and rules that will be a healthy growth.
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