ARK's application for a spot Bitcoin ETF is expected to be postponed on August 13, 2023. The SEC is likely to wait until BlackRock's application is reviewed before making a decision. If both applications are denied or postponed, it would nuke the market IMO. I believe that BlackRock's application for a spot Bitcoin ETF will eventually be approved, even if it is denied or postponed in September. Companies that have applied for the BTC ETF and their assets under management
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