I think the ETF'S will either be rejected or postponed, but I would guess rejected. I also think either one of these two scenarios will have the same effect on price. The biggest clue that the ETF's are ready to be approved is when Bitcoin hits $5450 - $5775 or I would say $4600.
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We'll see. I think most expect a postponement. Which should already be baked into the price and have little effect. A rejection however, would likely send price plummeting in my opinion.