The bitcoins that are held by the ETF are supposedly going to be bitcoin-settled. This means that there must be a 1:1 ratio for the demand of bitcoins, which means the funds must buy bitcoins and have enough supply for all the clients, and it must be regulated to avoid scams. This is very bullish since it would give access to actual bitcoins to all these old cunts with lots of money out there, which are too computer illiterate to hold their own private keys safely.

Bakkt is a similar product. Anything that is bitcoin settled and isn't derivative scams like futures is positive for the price. Of course they will wait for capitulation to before the pump to $100k+ comes just like they did with gold.

That's the major reason why ETF's have been rejected by SEC and we all know that whales and lots of speculators continue to manipulate the market so it will be difficult for bitcoin to really get the ETF approval. I guess we're doing fine though, people are just looking for a catalyst to push the price again and hoping that ETF will bring that, but again, I don't see SEC approving it because of manipulation.

More and more are applying for approval,  I think soon the SEC will find what they are looking for and will eventually approve the ETF.
It's good for us because they didn't give up, denied many times but they continue to pursue for that approval, that's how they want crypto to be well regulated.

That would give a boost in the market for sure, the application is in the US but I believe they have a big influence in some other countries.
Well, if that is gonna be approve this year, I feel that some county will become pro crypto and this will bring our dreams into a reality.
All we want is just to see the price increase but without good news like that, it's not possible.

They can delay , but there is final date where you can't delay anymore . I think its end of february . I would like to believe there is big chance it will be approved and then we can see some action in market . Already forgot the feelings that i had in 2017 November , December when everything was shooting up . Good old days ....

there is no deadline because the etf proposal was withdrawn. so no approval sooner or later...

I guess they need more time to evaluate the current condition of cryptocurrency and considering many things that will happening if they approve the Bitcoin ETF. There were many Bitcoin ETF proposals rejected already, and i guess it will be hard for them to approve it after all.
For me, approved or rejected, the most important is cryptocurrency keep developing and won't die.

Candidly speaking the whales manipulation landed us here but that's a good one. SEC may not approve Bitcoin ETF but that's just by the way because as for now the ETF approval can cause a major rise in the market. Many are they that wait for the slightest opportunity to act in the market bullish run which we hope ETF will provide.

Actually we don't need it so people are just speculating with ETF,no real crypto enthusiast want that to happen because crypto is currency not investment so people who are not knowing the result of bitcoin on ETF need to read this https://cointelegraph.com/news/why-an-etf-is-a-bad-idea-for-bitcoin

As far as i know, SEC have not accept any bitcoin ETF yet until now.
Of course, they rejected many bitcoin ETF proposal from some parties already.
But it doesn't mean they won't accept any bitcoin ETF in the future. If they have enough time to conclude the result, maybe they will approve some.